Parkway Cove

Memory Care Home
Overview of Parkway Cove

Located in the serene area of Covington, TN, Parkway Cove is an exceptional senior living community that offers assisted living, memory care, respite care, rehabilitation, hospice care, and an Adult Day Club. Residents are guaranteed a comfortable and relaxing accommodation with an array of studios and one-bedroom apartments equipped with all the comforts of home. An array of supportive and care services, such as assistance with daily living activities, memory care services, and rehabilitative therapies, help residents maintain their independence for as long as possible.

At Parkway Cove, residents are given plenty of opportunities to make their days as vibrant as possible with an extensive list of enriching activities, programs and events. Meals are carefully prepared to satisfy residents’ tastes and nutritional needs, using locally sourced and fresh ingredients. The community also welcomes pets to provide residents with a sense of companionship and purpose from taking care of another being. Their Pegasus Express Pharmacy guarantees residents always have their prescriptions and medications with them in a timely and convenient way. Here, residents are given access to all things designed to provide them utmost convenience and comfort.

(901) 475-9020

Capacity and availability

Smaller home

May offer a more intimate, personalized care environment.

Total beds 36

This home usually has availability

Lower occupancy suggests more openings may be available.

Lower demand than the Tennessee average
Occupancy rate 61.1%
Occupancy rate
61.1%

Finances and operations

Home revenue
$1.7M
Surplus of revenue
$520.0K
Home revenue
$1,690,000.00
Surplus of revenue
$520,000.00
Payroll costs Info The portion of the home's budget spent on staff, including nurses, caregivers, and other employees who support care and operations.
$700.0K
41.4% of revenue
Other operating costs Info All remaining costs needed to run the home, such as food, utilities, building maintenance, supplies and administrative expenses.
$470.0K
Total costs $1.2M
Bed community size
36-bed community
A moderately sized community that may balance personal attention with shared amenities and social activities.
Years in operation
5 years in operation
An established community with some operational experience and growing routines.
Walk Score
Walk Score: 18 / 100
Car-dependent. Most errands require a car, with limited nearby walkable options.

About this community

Occupancy Rate
61%
Occupied Beds
22 of 36
Percentage of available beds currently in use by residents.
License Status
Licensed
Facility Type
Assisted Care Living Facility
License Date
February 23, 2021
License Expiration
February 22, 2026

Additional licensing details

License number: 00000469
County: Tipton

Ownership & operating entity

Parkway Cove is legally operated by Covington Residential LLC, and administrated by Bryan Ikerd.

What does this home offer?

Pets allowed icon
Pets allowed icon

Pets Allowed: Yes, Pets Allowed

Housing options icon
Housing options icon

Housing Options: Studio / 1 Bed

Building type icon
Building type icon

Building Type: Single-story

Transportation services icon
Transportation services icon

Transportation Services

Fitness and recreation icon
Fitness and recreation icon

Fitness and Recreation

Types of Care at Parkway Cove

Assisted Living Memory Care Respite Care Hospice Care
Contact Parkway Cove

Residents information

Stay stats

Average length of stay
281 days
Total residents
24
Total admissions (2024)
16
Total discharges (2024)
14

Discharges

  • To hospital 3
  • To Private Residence or Home 2

Demographics

GENDER

  • Female Residents 75%
  • Male Residents 25%

AGE DISTRIBUTION

  • 60-64 4.2%
  • 65-69 4.2%
  • 70-74 4.2%
  • 75-79 16.7%
  • 80-84 16.7%
  • 85-89 20.8%
  • 90 or more 33.3%

ETHNICITY

  • White Residents 100%

Compare Memory Care around Atoka

The information below is reported by the Tennessee Department of Health, Division of Health Care Facilities.
Parkway Cove
AL

Assisted Living For seniors needing help with daily tasks but not full-time nursing.

HC

Hospice Care

MC

Memory Care Specialized care for those with Memory Loss, Alzheimer's, or dementia, ensuring safety and support.

RC

Respite Care

Covington
36
Yes
18
Covington Residential LLC
61.1%
-16%
Studio / 1 Bed

Places of interest near Parkway Cove

Address 11.6 miles from city center

Address 805 Bert Johnston Ave, Covington, TN 38019

Calculate Travel Distance to Parkway Cove

Add your location

Address

Guides for Better Senior Living

Care Cost Calculator: See Prices in Your Area

Nursing Home Data Explorer

Don’t Wait Too Long: 7 Red Flag Signs Your Parent Needs Assisted Living Now

The True Cost of Assisted Living in 2025 – And How Families Are Paying For It

Understanding Senior Living Costs: Pricing Models, Discounts & Financial Assistance

Financial Aid for Tennessee Seniors

Get financial aid guidance

CHOICES Program

TN Medicaid CHOICES

Age 65+ or disabled, Tennessee resident, Medicaid-eligible, nursing home-level care need.

~$2,829/month (300% FBR, individual).

$2,000 (individual), $3,000 (couple).

Managed care model; high rural demand.

Tennessee Options for Community Living

TN Options

Age 60+, Tennessee resident, at risk of nursing home.

~$2,000/month (individual, varies).

$5,000 (individual).

Limited funding; rural/urban balance.

Medicare Savings Program (MSP)

Tennessee Medicare Savings Program

Age 65+ or disabled, TN resident, Medicare Part A/B.

~$2,510/month (QMB), ~$3,380/month (SLMB), ~$3,598/month (QI)—individual.

$9,430 (individual), $14,130 (couple).

Three tiers; includes Extra Help for Part D; no waitlist.

Low-Income Home Energy Assistance Program (LIHEAP)

Tennessee LIHEAP

Age 60+ prioritized, TN resident, low-income household.

~$3,970/month (individual, 185% FPL).

Not assessed; income-focused.

Covers gas, electric, propane; emergency aid available.

Family Caregiver Support Program (FCSP)

Tennessee Family Caregiver Support Program

Caregivers of 60+ needing care or 55+ caregivers of others; TN resident; functional needs (2+ ADLs).

No strict cap; prioritizes low-income (~$24,980/year).

Not assessed; need-based.

Includes grandparent caregivers; high rural demand.

Senior Community Service Employment Program (SCSEP)

Tennessee SCSEP

Age 55+, unemployed, low-income, TN resident.

~$1,983/month (125% FPL).

Not specified; income-focused.

Priority for veterans, rural residents; AARP/Goodwill partnership.

VA Aid and Attendance (A&A) and Housebound Benefits

Tennessee VA Aid and Attendance/Housebound

Age 65+ or disabled veteran/spouse, TN resident, wartime service, need for ADL help (A&A) or homebound.

Net income < ~$1,984/month (veteran with dependent, A&A); pension offsets income.

~$155,356 (net worth limit).

High veteran population; supports rural/urban care needs.

Elderly Nutrition Program

Tennessee Elderly Nutrition Program

Age 60+, TN resident; no income limit but prioritizes low-income.

None; donations encouraged.

Not assessed.

Serves ~50,000 annually; 200+ congregate sites plus Meals on Wheels.

Property Tax Relief Program

Tennessee Property Tax Relief Program

Age 65+, TN resident, homeowner/renter (or widow/er 50+, disabled 18+).

~$45,000/year (household, excludes half of Social Security).

Not assessed; income-focused.

Rebates up to $1,000; serves ~100,000 annually.

Who we are

Your Senior Care Partner, Every Step of the Way

We help families find affordable senior communities and unlock same day discounts, Medicaid, and Medicare options tailored to your needs.

Contact us Today
Tour Icon
Planning a tour? Check our touring checklist.
Chat Icon
Thinking of living here? We can help you speak to a current resident