ACQUISITION SIGNALSLow census (turnaround opportunity)
SNF COST REPORT · CCN 105755 · FY 2023
HEARTLAND OF BOYNTON BEACH FL LLC
BOYNTON BEACH, FL 33436 · Fiscal year ending 2023-03-31
120 bedsSNF
−$751K
TOTAL REVENUE
−$1.1M
OPERATING INCOME
—
OPERATING MARGIN
120
TOTAL BEDS
91
DISCHARGES
01 — FINANCIAL
Financial summary
- Net patient revenue
- −$751K
- Total costs
- $341K
- Operating income (rev − costs)
- −$1.1M
- Operating margin
- —
- Total charges
- $157K
02 — UTILIZATION
Utilization
- Total beds
- 120
- Total inpatient days
- 10,619
- Medicare days (Title XVIII)
- 1,101
- Medicaid days (Title XIX)
- 7,695
- Total discharges
- 91
03 — HISTORY
7-year trend
| Year | Revenue | Operating Income | Beds | Margin |
|---|---|---|---|---|
| 2017 | $10.7M | $241K | 120 | 2.3% |
| 2018 | $10.6M | −$218K | 120 | -2.1% |
| 2019 | $10.9M | −$328K | 120 | -3.0% |
| 2020 | $10.2M | −$1.2M | 120 | -11.7% |
| 2021 | $10.8M | −$1.1M | 120 | -9.8% |
| 2022 | −$2.3M | −$3.3M | 120 | 146.1% |
| 2023 | −$751K | −$1.1M | 120 | 145.3% |
04 — OWNERSHIP
Ownership chain
| Owner | Type | Ownership % | Since |
|---|---|---|---|
| HEARTLAND BOYNTON INTERMEDIATE OPCO HOLDCO LLC | Organization | 100% | — |
| FISCHL, MAYER | Individual | — | — |
| FLNHO CAPITAL GROUP LLC | Organization | — | — |
| GEORGE, TIA | Individual | — | — |
| LANDA, BENJAMIN | Individual | — | — |
| PALM BEACH HEALTH PARTNERS LLC | Organization | — | — |
| VARGHESE, MATHEW | Individual | — | — |