The Waters of Greencastle
Nursing Home, Memory Care & Respite Care · Greencastle, IN
CMS overall rating Info The Overall CMS Rating is scored from 1 to 5 stars and combines results from health inspections, staffing levels, and quality measures. Health inspections carry the most weight. Staffing and quality scores can increase or decrease the final rating based on performance compared to state and national standards.

The Waters of Greencastle

Nursing Home, Memory Care & Respite Care · Greencastle, IN
CMS overall rating Info The Overall CMS Rating is scored from 1 to 5 stars and combines results from health inspections, staffing levels, and quality measures. Health inspections carry the most weight. Staffing and quality scores can increase or decrease the final rating based on performance compared to state and national standards.
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The Waters of Greencastle accepts Medicare, Medicaid, and private pay.

Overview of The Waters of Greencastle

The Waters of Greencastle is a nursing home in Greencastle, IN, offering memory care, respite care, rehabilitation, and skilled nursing. Fostering comfort and familiarity, the community encourages older adults to decorate their chosen accommodation. 24-hour skilled nursing, therapies, and well-balanced menus are among the excellent services dedicated to improving residents’ quality of life. The community also doubles its efforts to get to know residents’ needs and habits to provide the best possible care for their recovery.

Social gatherings, light exercises, and various games provide residents with more opportunities to explore new interests and gain meaningful experiences. A beauty/barber shop and secure patios also ensure residents can focus on their wellness. With Putnam County Hospital in the area, residents have quick access to medical care. This nursing home is a good option for senior living in Indiana, especially with its commitment to older adults’ welfare.

Quality ratings

Measured by Centers for Medicare & Medicaid Services (CMS)

Overall rating Info The Overall CMS Rating combines results from health inspections, staffing levels and quality measures. Health inspections carry the most weight. Staffing and quality scores can increase or decrease the final rating based on performance compared to state and national standards.
▲ 29.7% Above IN avg.
Health Inspection Info Based on the results of the facility's three most recent standard inspections and any complaint investigations. CMS reviews the number, scope, and severity of deficiencies, with more recent findings weighted more heavily.
▲ 42.5% Above IN avg.
Staffing Info Measures average nursing staff hours per resident per day, including Registered Nurses (RNs) and total nursing staff. Ratings are adjusted based on the level of care residents require and are compared to state and national benchmarks.
▼ 59.3% Below IN avg.
Quality Measures Info Based on clinical and physical health indicators reported to CMS, such as hospital readmissions, falls, pressure ulcers, and improvements in mobility. These measures reflect how well residents' health needs are being managed.
▲ 22.3% Above IN avg.

Staffing hours breakdown

Info Daily nursing hours per resident by staff type, reported to CMS. Higher is generally better — compare this facility to state and national averages to see where staffing stands.

Hours per resident per day — compared to Indiana state averages

Total nursing care / resident Info This home is ranked 220th out of 267 homes in Indiana.

Total adjusted nursing hours per resident per day, combining RN, LPN, and aide time. CMS adjusts this for case-mix so facilities can be fairly compared.
2h 50m per day
Rank #220 / 267Nurse hours — state benchmarkedThis home is ranked 220th out of 267 homes in Indiana.Shows adjusted nurse hours per resident per day benchmarked to the Indiana average, with a ranking across 267 Indiana SNFs. More hours mean more direct care. The national average is about 3.5 hrs; below 3.0 is a red flag.
This facility Indiana avg (3h 26m per day)
vs Indiana avg
-18%
Staff typeHours / dayvs state avg
Total Nursing (Weekend) Info Combined nursing hours (RN + LPN + Nurse Aide) per resident per day on weekends. Staffing often drops on weekends — this figure reveals whether the facility maintains adequate coverage outside of weekday hours. 2h 57m per day

Capacity and availability

This home usually has availability

Occupancy lower than 85% suggests more openings may be available.

Lower occupancy than the Indiana average: 69.4%
Occupancy rate 65.9% Rank #141 / 269Occupancy rate — state benchmarkedThis home is ranked 141st out of 269 homes in Indiana.Shows this facility's occupancy rate versus the Indiana average, with its statewide rank out of 269. Higher occupancy signals strong local demand and financial stability.
Avg. Length of Stay 186 days
Occupancy rate
65.9% Rank #141 / 269Occupancy rate — state benchmarkedThis home is ranked 141st out of 269 homes in Indiana.Shows this facility's occupancy rate versus the Indiana average, with its statewide rank out of 269. Higher occupancy signals strong local demand and financial stability.
Avg. Length of Stay
186 days

Who this home usually serves

TYPE OF STAY

Primarily long-term care, limited rehab

Most residents stay long-term, while a smaller portion are admitted for short-term rehab.

Breakdown by payment type

Medicare

19% of new residents, usually for short-term rehab.

Typical stay 1 - 2 months

Private pay

61% of new residents, often for short stays.

Typical stay 2 - 3 months

Medicaid

20% of new residents, often for long-term daily care.

Typical stay 2 years

Finances and operations

Privately-owned community
Operated by a partnership between two or more business owners.
Home revenue
$8.8M
Profit
$1.5M
Privately-owned community Operated by a partnership between two or more business owners.
Home revenue
$8.8M Rank #169 / 267Revenue — state benchmarkedThis home is ranked 169th out of 267 homes in Indiana.Shows this facility's annual revenue compared to the Indiana SNF average. Higher revenue generally means more resources for staffing and capital — read alongside Payroll %.
Profit
$1.5M
Payroll costs Info The portion of the home's budget spent on staff, including nurses, caregivers, and other employees who support care and operations. Rank #192 / 267Payroll — state benchmarkedThis home is ranked 192nd out of 267 homes in Indiana.Shows total annual staff payroll benchmarked to the Indiana average. Higher payroll investment relative to peers often signals better staffing and less reliance on cheaper contract labor.
$3.7M
41.9% of revenue Rank #190 / 267Payroll % — state benchmarkedThis home is ranked 190th out of 267 homes in Indiana.Shows payroll as a percentage of revenue versus the Indiana average. Well-run SNFs often land around 55–65%. Below 25% may signal understaffing or heavy agency use — read with Staffing ratings.
Other operating costs Info All remaining costs needed to run the home, such as food, utilities, building maintenance, supplies and administrative expenses.
$3.6M
Total costs $7.3M
Walk Score
Walk Score: 1 / 100
Car-dependent. Most errands require a car, with limited nearby walkable options.

What does this home offer?

Building type icon
Building type icon

Building Type: Single-story

On-site medical care and health services icon
On-site medical care and health services icon

On-site Medical Care and Health Services

Rehabilitative support icon
Rehabilitative support icon

Rehabilitative Support

Beauty services icon
Beauty services icon

Beauty Services

Dining services icon
Dining services icon

Dining Services

Types of Care at The Waters of Greencastle

Nursing Home Memory Care Respite Care

Contact The Waters of Greencastle

Financial Assistance for
Nursing Home in Indiana

The Waters of Greencastle is located in Greencastle, Indiana.
Here are the financial assistance programs available to residents in Indiana.

Get Financial aid guidance

Aged and Disabled Waiver

Indiana Medicaid A&D Waiver

Age 65+ or disabled
General Indiana resident, Medicaid-eligible, nursing home-level care need.
Income Limits (2025) ~$2,829/month 300% FBR, individual
Asset Limits $2,000 (individual), $3,000 (couple).
IN

Requires level-of-care determination.

Benefits
Personal care (5-7 hours/day) Respite (240 hours/year) Adult day care (~$60/day) Home health services

CHOICE Program

Indiana CHOICE

Age 60+
General Indiana resident, at risk of nursing home.
Income Limits ~$2,000/month varies
Asset Limits $10,000 individual
IN

Limited funding; regional variation.

Benefits
In-home care (3-5 hours/week) Respite (up to 10 days/year) Transportation (~5 trips/month)

Residential Care Assistance Program (RCAP)

Indiana Residential Care Assistance Program

Age 65+
General or blind, or disabled, Indiana resident, in approved facility, low-income or SSI recipient.
Income Limits (2025) ~$1,004/month including SSI
Asset Limits $2,000 (individual), $3,000 (couple).
IN

~50 facilities statewide; per diem rate set by FSSA.

Benefits
Room/board Laundry Minimal care coordination (~$20-$50/day subsidy)

Medicare Savings Program (MSP)

Indiana Medicare Savings Program

Age 65+ or disabled
General Indiana resident, Medicare Part A/B.
Income Limits (2025) ~$2,510/month (QMB), ~$3,380/month (SLMB), ~$3,598/month (QI)—individual.
Asset Limits $9,430 (individual), $14,130 (couple).
IN

Three tiers; no waitlist.

Benefits
Covers Part B premiums ($174.70/month) Deductibles ($240/year) Copays (~20%)

National Family Caregiver Support Program (NFCSP) Respite

Indiana NFCSP Respite Care

Age
General Caregivers of 60+ needing care or 55+ caregivers of others; Indiana resident; functional needs (2+ ADLs).
Income Limits (2025) Prioritizes ~$24,980/year (individual); no strict cap.
Asset Limits Not assessed; need-based.
IN

16 AAAs; prioritizes low-income, rural caregivers.

Benefits
Respite (4-6 hours/week or 5 days/year) Adult day care ($60/day) Caregiver training

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

Indiana VA Aid and Attendance/Housebound

Age 65+ or disabled veteran/spouse
General Indiana resident, wartime service, need for ADL help (A&A) or homebound.
Income Limits (2025) Net income < ~$1,984/month (veteran with dependent, A&A); pension offsets income.
Asset Limits ~$155,356 net worth limit
IN

High veteran demand statewide.

Benefits
Cash (~$1,433-$2,642/month veteran, ~$951-$1,318 spouse) for care costs (e.g., in-home, assisted living)

Places of interest near The Waters of Greencastle

Address 2.2 miles from city center Info Estimated distance in miles from Greencastle's city center to The Waters of Greencastle's address, calculated via Google Maps.

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Penalties and fines

Federal penalties imposed by CMS for regulatory violations, including civil money penalties (fines) and denials of payment for new Medicare/Medicaid admissions.

Source: CMS Penalties Database

No penalties in the past 3 years

No civil money penalties or payment denials were reported in the last 3 years.

Compare Nursing Home around Greencastle

The information below is reported by the Indiana Department of Health, Division of Long Term Care.

2 facilities compared · CMS & IN Dept. of Health data · Updated May 2026

Filter by care type
Mill Pond Health Campus
NH

Nursing Home Licensed facility providing 24/7 skilled nursing care for residents with complex, ongoing medical needs. Staffed by RNs, LPNs, and CNAs. Inspected and star-rated annually by CMS. Accepts Medicare (short-term rehab) and Medicaid (long-term care).

AL

Assisted Living A licensed, long-term care setting for seniors or individuals with disabilities who need help with daily activities — like bathing, dressing, and medication management — but not 24-hour skilled nursing. Offers housing, meals, and around-the-clock support while aiming to maximize resident independence.

MC

Memory Care Secured, specialized care for people living with Alzheimer's or dementia. Staff trained in cognitive impairment, with higher staff-to-resident ratios and an environment designed to reduce confusion and wandering risk.

Greencastle107 70.5% +2%3.00 -6%-13%0223.7255- 36 Trilogy Healthcare Operations Of Greencastle, LLC$9.4M$3.7M39.5%155736
Hickory Creek at Sunset
NH

Nursing Home Licensed facility providing 24/7 skilled nursing care for residents with complex, ongoing medical needs. Staffed by RNs, LPNs, and CNAs. Inspected and star-rated annually by CMS. Accepts Medicare (short-term rehab) and Medicaid (long-term care).

AL

Assisted Living A licensed, long-term care setting for seniors or individuals with disabilities who need help with daily activities — like bathing, dressing, and medication management — but not 24-hour skilled nursing. Offers housing, meals, and around-the-clock support while aiming to maximize resident independence.

IL

Independent Living Lifestyle-focused communities for older adults offering dining, activities, and transportation with minimal personal care. Best for active, independent seniors who want community without medical support.

MC

Memory Care Secured, specialized care for people living with Alzheimer's or dementia. Staff trained in cognitive impairment, with higher staff-to-resident ratios and an environment designed to reduce confusion and wandering risk.

Greencastle68 58.8% -15%2.89 -11%-16%0153.0-50A+ 42 Yvonne Culpepper$4.8M$2.2M46.5%155565

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Frequently Asked Questions about The Waters of Greencastle

Is The Waters of Greencastle in a walkable area?

The Waters of Greencastle has a walk score of 1. Car-dependent. Most errands require a car, with limited nearby walkable options.

What is the occupancy rate at The Waters of Greencastle?

The Waters of Greencastle's occupancy is 65.9%.

What is the best email address for The Waters of Greencastle?

The team at The Waters of Greencastle can be reached at [email protected].

What is the address of The Waters of Greencastle?

The Waters of Greencastle is located at 1601 Hospital Dr, Greencastle, IN 46135.

What is the phone number of The Waters of Greencastle?

(765) 653-2602 will put you in contact with the team at The Waters of Greencastle.

Is The Waters of Greencastle Medicare or Medicaid certified?

The Waters of Greencastle is not currently listed as a CMS-certified provider of Medicare or Medicaid.

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