ACQUISITION SIGNALSDeclining marginsHigh census (stable)
SNF COST REPORT · CCN 225147 · FY 2023
SAUGUS REHAB AND NURSING
SAUGUS, MA 01906 · Fiscal year ending 2023-12-31
80 bedsSNF
−$835K
TOTAL REVENUE
−$1.4M
OPERATING INCOME
—
OPERATING MARGIN
80
TOTAL BEDS
106
DISCHARGES
01 — FINANCIAL
Financial summary
- Net patient revenue
- −$835K
- Total costs
- $552K
- Operating income (rev − costs)
- −$1.4M
- Operating margin
- —
- Total charges
- $1.5M
02 — UTILIZATION
Utilization
- Total beds
- 80
- Total inpatient days
- 25,623
- Medicare days (Title XVIII)
- 3,467
- Medicaid days (Title XIX)
- 15,568
- Total discharges
- 106
03 — HISTORY
7-year trend
| Year | Revenue | Operating Income | Beds | Margin |
|---|---|---|---|---|
| 2017 | $10.2M | $4.2M | 80 | 41.2% |
| 2018 | $3.9M | −$646K | 80 | -16.4% |
| 2019 | $5.9M | −$175K | 80 | -3.0% |
| 2020 | $7.3M | $975K | 80 | 13.3% |
| 2021 | $731K | −$64K | 80 | -8.8% |
| 2022 | $223K | −$523K | 80 | -234.1% |
| 2023 | −$835K | −$1.4M | 80 | 166.1% |
04 — OWNERSHIP
Ownership chain
| Owner | Type | Ownership % | Since |
|---|---|---|---|
| MA SNF HOLDINGS LLC | Organization | 100% | — |
| LEVINE, YISROEL | Individual | 55% | — |
| ISHAKIS, YOCHANAN | Individual | 45% | — |
| CELTIC BANK CORPORATION | Organization | — | — |
| LEVINE, YISROEL | Individual | — | — |
| MACARELLI, ROBERT | Individual | — | — |
| ZENITH CARE LLC | Organization | — | — |