What is GRAND TRAVERSE MEDICAL CARE FACILITY?

GRAND TRAVERSE MEDICAL CARE FACILITY is a Medicare-certified skilled nursing facility located in TRAVERSE CITY, MI (CCN 235088). Stetho tracks its CMS cost report financials, bed count, occupancy, and ownership chain for M&A targeting.

Where is GRAND TRAVERSE MEDICAL CARE FACILITY located?

GRAND TRAVERSE MEDICAL CARE FACILITY is located in TRAVERSE CITY, MI 49684.

How many beds does GRAND TRAVERSE MEDICAL CARE FACILITY have?

GRAND TRAVERSE MEDICAL CARE FACILITY has 240 certified beds, with −$13.1M in net patient revenue per its latest CMS cost report.

ACQUISITION SIGNALSDeclining margins

SNF COST REPORT · CCN 235088 · FY 2023

GRAND TRAVERSE MEDICAL CARE FACILITY

TRAVERSE CITY, MI 49684 · Fiscal year ending 2023-12-31

240 bedsSNF

−$13.1M

TOTAL REVENUE

−$15.9M

OPERATING INCOME

—

OPERATING MARGIN

240

TOTAL BEDS

288

DISCHARGES

01 — FINANCIAL

Financial summary

Net patient revenue: −$13.1M
Total costs: $2.9M
Operating income (rev − costs): −$15.9M
Operating margin: —
Total charges: $2.8M

02 — UTILIZATION

Utilization

Total beds: 240
Total inpatient days: 49,789
Medicare days (Title XVIII): 2,539
Medicaid days (Title XIX): 32,032
Total discharges: 288

03 — HISTORY

7-year trend

Year	Revenue	Operating Income	Beds	Margin
2017	$24.1M	−$4.6M	240	-19.2%
2018	$24.6M	−$9.8M	240	-39.7%
2019	$27.3M	−$4.3M	240	-15.7%
2020	$24.7M	−$5.1M	216	-20.7%
2021	$20.1M	−$7.1M	216	-35.2%
2022	−$7.4M	−$9.7M	240	130.5%
2023	−$13.1M	−$15.9M	240	121.9%

04 — OWNERSHIP

Ownership chain

Owner	Type	Ownership %	Since
COUNTY OF GRAND TRAVERSE	Organization	100%	—
HAUTAMAKI, DAVID	Individual	—	—
LAVENDER, DARRELL	Individual	—	—

CROSS-REFERENCE

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