ACQUISITION SIGNALSHigh census (stable)
SNF COST REPORT · CCN 056401 · FY 2023
PORTSIDE HEALTHCARE INC.
CHULA VISTA, CA 91910 · Fiscal year ending 2023-12-31
75 bedsSNF
$2.8M
TOTAL REVENUE
$304K
OPERATING INCOME
11.0%
OPERATING MARGIN
75
TOTAL BEDS
517
DISCHARGES
01 — FINANCIAL
Financial summary
- Net patient revenue
- $2.8M
- Total costs
- $2.5M
- Operating income (rev − costs)
- $304K
- Operating margin
- 11.0%
- Total charges
- $4.8M
02 — UTILIZATION
Utilization
- Total beds
- 75
- Total inpatient days
- 26,290
- Medicare days (Title XVIII)
- 4,110
- Medicaid days (Title XIX)
- 13,721
- Total discharges
- 517
03 — HISTORY
7-year trend
| Year | Revenue | Operating Income | Beds | Margin |
|---|---|---|---|---|
| 2017 | $7.7M | −$1.3M | 75 | -17.1% |
| 2018 | $7.8M | −$803K | 75 | -10.3% |
| 2019 | $8.1M | −$1.1M | 75 | -13.1% |
| 2020 | $7.9M | −$1.8M | 75 | -22.2% |
| 2021 | $8.3M | −$1.8M | 75 | -22.1% |
| 2022 | $2.4M | $376K | 75 | 15.5% |
| 2023 | $2.8M | $304K | 75 | 11.0% |
04 — OWNERSHIP
Ownership chain
| Owner | Type | Ownership % | Since |
|---|---|---|---|
| FLAGSTONE HEALTHCARE SOUTH LLC | Organization | 100% | — |
| THE ENSIGN GROUP INC | Organization | 100% | — |
| AFSHAR, POUYA | Individual | — | — |
| BURNAM, SOON | Individual | — | — |
| KEETCH, CHAD | Individual | — | — |
| OH, KATHERINE | Individual | — | — |
| RAPP, DAMIEN | Individual | — | — |
| SATO, AMI | Individual | — | — |
| TWOMAGNETS LLC | Organization | — | — |
| WILLITS, ADAM | Individual | — | — |