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SNF COST REPORT · Loading…
Stethopowered by▸healthparse
Practices▾
DermatologyOphthalmologyOrthopedicsDentalUrgent CarePhysical Therapy
Facilities▾
Skilled NursingHome HealthHospiceDialysis
CompareOwnershipOperatorsDealsResearchPricing
PracticesDermatologyOphthalmologyOrthopedicsDentalUrgent CarePhysical TherapyFacilitiesSkilled NursingHome HealthHospiceDialysisCompareOwnershipOperatorsDealsResearchPricing
SNF COST REPORT · CCN 235287 · FY 2023

ADRIAN BAY REHAB AND NURSING CENTER

ADRIAN, MI 49221 · Fiscal year ending 2023-12-31

117 bedsSNF
$194K
TOTAL REVENUE
−$80K
OPERATING INCOME
-41.5%
OPERATING MARGIN
117
TOTAL BEDS
130
DISCHARGES
01 — FINANCIAL

Financial summary

Net patient revenue
$194K
Total costs
$274K
Operating income (rev − costs)
−$80K
Operating margin
-41.5%
Total charges
$164K
02 — UTILIZATION

Utilization

Total beds
117
Total inpatient days
11,393
Medicare days (Title XVIII)
689
Medicaid days (Title XIX)
8,391
Total discharges
130
CROSS-REFERENCE

Related data on other Healthparse brands

HCRIS.io
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CareLens
CMS quality ratings, inspections, staffing
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03 — HISTORY

7-year trend

$365K$3.9M$7.3M$10.8M2017201820192020202120222023RevenueOperating Income
YearRevenueOperating IncomeBedsMargin
2017$10.4M$237K1172.3%
2018$10.8M−$540K117-5.0%
2019$10.0M−$877K117-8.7%
2020$8.0M−$1.4M117-17.7%
2021$7.7M−$2.9M117-37.4%
2022−$2.1M−$3.1M117151.1%
2023$194K−$80K117-41.5%
ACQUISITION SIGNALSDeclining marginsLow census (turnaround opportunity)
04 — OWNERSHIP

Ownership chain

OwnerTypeOwnership %Since
SPRINGS BAY OP HOLDCO LLCOrganization100%—
FREUND, ELIYAHUIndividual48%—
GOTTLIEB, MOSHEIndividual48%—
AVON SPRINGS BAY MANAGEMENT LLCOrganization——
GILBERT, CHRISTINAIndividual——
GILBERT, CHRISTINAIndividual——
GUPTA, SOMILIndividual——
GUPTA, SOMILIndividual——
HOEVEMEYER, AMANDAIndividual——
HOEVEMEYER, AMANDAIndividual——