ACQUISITION SIGNALSDeclining margins
SNF COST REPORT · CCN 075211 · FY 2023
ELM HILL NURSING CENTR INC
ROCKY HILL, CT 06067 · Fiscal year ending 2023-12-31
120 bedsSNF
−$858K
TOTAL REVENUE
−$1.6M
OPERATING INCOME
—
OPERATING MARGIN
120
TOTAL BEDS
446
DISCHARGES
01 — FINANCIAL
Financial summary
- Net patient revenue
- −$858K
- Total costs
- $700K
- Operating income (rev − costs)
- −$1.6M
- Operating margin
- —
- Total charges
- $1.5M
02 — UTILIZATION
Utilization
- Total beds
- 120
- Total inpatient days
- 25,767
- Medicare days (Title XVIII)
- 1,376
- Medicaid days (Title XIX)
- 20,632
- Total discharges
- 446
03 — HISTORY
7-year trend
| Year | Revenue | Operating Income | Beds | Margin |
|---|---|---|---|---|
| 2017 | $7.2M | −$3.1M | 120 | -43.0% |
| 2018 | $8.1M | −$2.1M | 120 | -26.7% |
| 2019 | $8.7M | −$689K | 120 | -8.0% |
| 2020 | $8.1M | −$1.3M | 120 | -16.3% |
| 2021 | $6.6M | −$2.1M | 120 | -32.3% |
| 2022 | −$1.1M | −$1.7M | 120 | 161.5% |
| 2023 | −$858K | −$1.6M | 120 | 181.7% |
04 — OWNERSHIP
Ownership chain
| Owner | Type | Ownership % | Since |
|---|---|---|---|
| FOLEY, BRIAN | Individual | 100% | — |
| FOLEY, BRIAN | Individual | — | — |
| SINGH, DEVIKA | Individual | — | — |
| VESS, RYAN | Individual | — | — |
| VESS, RYAN | Individual | — | — |
| VESS, RYAN | Individual | — | — |