What is THE SPRINGS AT THE FOUNTAINS?

THE SPRINGS AT THE FOUNTAINS is a Medicare-certified skilled nursing facility located in KALAMAZOO, MI (CCN 235524). Stetho tracks its CMS cost report financials, bed count, occupancy, and ownership chain for M&A targeting.

Where is THE SPRINGS AT THE FOUNTAINS located?

THE SPRINGS AT THE FOUNTAINS is located in KALAMAZOO, MI 49009-1008.

How many beds does THE SPRINGS AT THE FOUNTAINS have?

THE SPRINGS AT THE FOUNTAINS has 291 certified beds, with −$1.9M in net patient revenue per its latest CMS cost report.

ACQUISITION SIGNALSLow census (turnaround opportunity)

SNF COST REPORT · CCN 235524 · FY 2023

THE SPRINGS AT THE FOUNTAINS

KALAMAZOO, MI 49009-1008 · Fiscal year ending 2023-06-04

291 bedsSNF

−$1.9M

TOTAL REVENUE

−$2.0M

OPERATING INCOME

—

OPERATING MARGIN

291

TOTAL BEDS

DISCHARGES

01 — FINANCIAL

Financial summary

Net patient revenue: −$1.9M
Total costs: $96K
Operating income (rev − costs): −$2.0M
Operating margin: —
Total charges: $150K

02 — UTILIZATION

Utilization

Total beds: 291
Total inpatient days: 26,196
Medicare days (Title XVIII): 243
Medicaid days (Title XIX): 923
Total discharges: 72

03 — HISTORY

6-year trend

Year	Revenue	Operating Income	Beds	Margin
2017	$2.5M	−$9.6M	50	-385.3%
2018	$3.4M	−$8.7M	50	-259.8%
2019	$3.7M	−$9.0M	38	-243.1%
2020	$3.5M	−$9.2M	38	-266.5%
2022	−$2.4M	−$2.7M	291	109.7%
2023	−$1.9M	−$2.0M	291	105.0%

CROSS-REFERENCE

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