What is TWO TRAILS HEALTHCARE INC.?

TWO TRAILS HEALTHCARE INC. is a Medicare-certified skilled nursing facility located in OLATHE, KS (CCN 175551). Stetho tracks its CMS cost report financials, bed count, occupancy, and ownership chain for M&A targeting.

Where is TWO TRAILS HEALTHCARE INC. located?

TWO TRAILS HEALTHCARE INC. is located in OLATHE, KS 66061.

How many beds does TWO TRAILS HEALTHCARE INC. have?

TWO TRAILS HEALTHCARE INC. has 70 certified beds, with −$1.5M in net patient revenue per its latest CMS cost report.

ACQUISITION SIGNALSDeclining marginsHigh census (stable)

SNF COST REPORT · CCN 175551 · FY 2023

TWO TRAILS HEALTHCARE INC.

OLATHE, KS 66061 · Fiscal year ending 2023-12-31

70 bedsSNF

−$1.5M

TOTAL REVENUE

−$3.3M

OPERATING INCOME

—

OPERATING MARGIN

TOTAL BEDS

413

DISCHARGES

01 — FINANCIAL

Financial summary

Net patient revenue: −$1.5M
Total costs: $1.8M
Operating income (rev − costs): −$3.3M
Operating margin: —
Total charges: $4.6M

02 — UTILIZATION

Utilization

Total beds: 70
Total inpatient days: 22,174
Medicare days (Title XVIII): 4,611
Medicaid days (Title XIX): 10,284
Total discharges: 413

03 — HISTORY

7-year trend

Year	Revenue	Operating Income	Beds	Margin
2017	$6.5M	−$2.3M	100	-35.5%
2018	$7.3M	−$1.3M	70	-17.6%
2019	$7.6M	−$1.8M	70	-23.1%
2020	$6.8M	−$2.2M	70	-32.2%
2021	$7.4M	−$2.6M	70	-35.0%
2022	−$309K	−$2.1M	100	663.8%
2023	−$1.5M	−$3.3M	70	219.6%

04 — OWNERSHIP

Ownership chain

Owner	Type	Ownership %	Since
ALLEN, MARTHA	Individual	—	—
BURNAM, SOON	Individual	—	—
JORGENSEN, DAVID	Individual	—	—
KEETCH, CHAD	Individual	—	—
LEWIS, CORWIN	Individual	—	—
REESE, ROBERT	Individual	—	—
SATO, AMI	Individual	—	—

CROSS-REFERENCE

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HCRIS.io

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990Health

IRS Form 990 financials, executive compensation

CareLens

CMS quality ratings, inspections, staffing

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