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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 235379 · FY 2023

TAWAS CITY OPCO LLC

TAWAS CITY, MI 48763 · Fiscal year ending 2023-12-31

85 bedsSNF
−$101K
TOTAL REVENUE
−$966K
OPERATING INCOME
—
OPERATING MARGIN
85
TOTAL BEDS
350
DISCHARGES
01 — FINANCIAL

Financial summary

Net patient revenue
−$101K
Total costs
$865K
Operating income (rev − costs)
−$966K
Operating margin
—
Total charges
$2.8M
02 — UTILIZATION

Utilization

Total beds
85
Total inpatient days
22,609
Medicare days (Title XVIII)
1,971
Medicaid days (Title XIX)
12,946
Total discharges
350
CROSS-REFERENCE

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ACQUISITION SIGNALSDeclining margins
03 — HISTORY

6-year trend

$772K$2.6M$4.5M$6.3M201820192020202120222023RevenueOperating Income
YearRevenueOperating IncomeBedsMargin
2018$5.6M−$305K93-5.4%
2019$6.1M−$74K85-1.2%
2020$6.2M−$578K85-9.3%
2021$6.3M−$641K85-10.1%
2022−$279K−$1.1M85389.0%
2023−$101K−$966K85958.8%
04 — OWNERSHIP

Ownership chain

OwnerTypeOwnership %Since
EVEREST OPCO GROUP LLCOrganization100%—
B&Y HEALTHCARE S CORPOrganization——
B&Y TRUSTOrganization——
BLOSSOM HEALTHCARE MANAGEMENT LLCOrganization——
CODY HEALTHCARE S CORPOrganization——
CRAIG FLASHNER 2007 TRUSTOrganization——
FLASHNER, CRAIGIndividual——
FLASHNER, CRAIGIndividual——
FLASHNER, CRAIGIndividual——
KIRK, KRISTINEIndividual——
NORCROSS, ROBERTIndividual——
PERLSTEIN, YITZCHOKIndividual——
PERLSTEIN, YITZCHOKIndividual——
PERLSTEIN, YITZCHOKIndividual——
PRESTIGE ADMINISTRATIVE SERVICES, LLCOrganization——
ROGERS, STACEYIndividual——