ACQUISITION SIGNALSLow census (turnaround opportunity)
SNF COST REPORT · CCN 155251 · FY 2023
THE WATERS OF HOBART
HOBART, IN 46342 · Fiscal year ending 2023-12-31
110 bedsSNF
−$66K
TOTAL REVENUE
−$634K
OPERATING INCOME
—
OPERATING MARGIN
110
TOTAL BEDS
168
DISCHARGES
01 — FINANCIAL
Financial summary
- Net patient revenue
- −$66K
- Total costs
- $567K
- Operating income (rev − costs)
- −$634K
- Operating margin
- —
- Total charges
- $678K
02 — UTILIZATION
Utilization
- Total beds
- 110
- Total inpatient days
- 14,664
- Medicare days (Title XVIII)
- 1,072
- Medicaid days (Title XIX)
- 9,113
- Total discharges
- 168
03 — HISTORY
6-year trend
| Year | Revenue | Operating Income | Beds | Margin |
|---|---|---|---|---|
| 2017 | $6.4M | −$1.5M | 110 | -23.7% |
| 2018 | $6.2M | −$1.5M | 110 | -23.6% |
| 2019 | $6.2M | −$1.3M | 110 | -20.4% |
| 2020 | $5.5M | −$1.3M | 110 | -23.4% |
| 2022 | −$1.6M | −$2.2M | 110 | 133.9% |
| 2023 | −$66K | −$634K | 110 | 955.8% |
04 — OWNERSHIP
Ownership chain
| Owner | Type | Ownership % | Since |
|---|---|---|---|
| JOHNSON MEMORIAL HOSPITAL | Organization | 100% | — |
| BERKHOUSE, STEVEN | Individual | — | — |
| BERKHOUSE, STEVEN | Individual | — | — |
| DECOLA, ROBERT | Individual | — | — |
| DUNKLE, DAVID | Individual | — | — |
| DUNKLE, DAVID | Individual | — | — |
| DUNKLE, DAVID | Individual | — | — |
| MILLER'S HEALTH SYSTEMS INC | Organization | — | — |
| MITCHELL, JARRETT | Individual | — | — |
| THE WATERS OF HOBART SKILLED NURSING FACILITY | Organization | — | — |