ACQUISITION SIGNALSHigh census (stable)
SNF COST REPORT · CCN 235525 · FY 2023
HERITAGE NURSING AND REHABILITATION
ZEELAND, MI 49464-1797 · Fiscal year ending 2023-12-31
39 bedsSNF
$522K
TOTAL REVENUE
−$53K
OPERATING INCOME
-10.1%
OPERATING MARGIN
39
TOTAL BEDS
207
DISCHARGES
01 — FINANCIAL
Financial summary
- Net patient revenue
- $522K
- Total costs
- $574K
- Operating income (rev − costs)
- −$53K
- Operating margin
- -10.1%
- Total charges
- $1.0M
02 — UTILIZATION
Utilization
- Total beds
- 39
- Total inpatient days
- 13,057
- Medicare days (Title XVIII)
- 949
- Medicaid days (Title XIX)
- 9,006
- Total discharges
- 207
03 — HISTORY
6-year trend
| Year | Revenue | Operating Income | Beds | Margin |
|---|---|---|---|---|
| 2017 | $3.2M | $258K | 39 | 8.0% |
| 2018 | $3.7M | $322K | 39 | 8.7% |
| 2019 | $4.3M | $780K | 39 | 18.0% |
| 2020 | $4.6M | $885K | 39 | 19.3% |
| 2022 | $31K | −$550K | 39 | -1779.8% |
| 2023 | $522K | −$53K | 39 | -10.1% |
04 — OWNERSHIP
Ownership chain
| Owner | Type | Ownership % | Since |
|---|---|---|---|
| ATRIUM CENTERS, LLC | Organization | 100% | — |
| BAILEY, ESSEL | Individual | 74% | — |
| FINNEY, DONALD | Individual | 25% | — |
| ALBRIGHT ROSS, SUSAN | Individual | — | — |
| ALBRIGHT ROSS, SUSAN | Individual | — | — |
| ATRIUM CENTERS MANAGEMENT LLC | Organization | — | — |
| BAILEY, ESSEL | Individual | — | — |
| FERKANY, JAMES | Individual | — | — |
| FINNEY, DONALD | Individual | — | — |
| GROSS, DEBORAH | Individual | — | — |
| LOCKHART, DENNIS | Individual | — | — |