ACQUISITION SIGNALSDeclining margins
SNF COST REPORT · CCN 235656 · FY 2023
CHRISTIAN CARE NURSING CENTER
MUSKEGON, MI 49442 · Fiscal year ending 2023-12-31
70 bedsSNF
−$2.1M
TOTAL REVENUE
−$2.4M
OPERATING INCOME
—
OPERATING MARGIN
70
TOTAL BEDS
78
DISCHARGES
01 — FINANCIAL
Financial summary
- Net patient revenue
- −$2.1M
- Total costs
- $366K
- Operating income (rev − costs)
- −$2.4M
- Operating margin
- —
- Total charges
- $417K
02 — UTILIZATION
Utilization
- Total beds
- 70
- Total inpatient days
- 19,268
- Medicare days (Title XVIII)
- 1,184
- Medicaid days (Title XIX)
- 7,945
- Total discharges
- 78
03 — HISTORY
7-year trend
| Year | Revenue | Operating Income | Beds | Margin |
|---|---|---|---|---|
| 2017 | $4.0M | −$1.2M | 49 | -30.9% |
| 2018 | $3.9M | −$1.4M | 49 | -36.4% |
| 2019 | $4.5M | −$566K | 49 | -12.7% |
| 2020 | $4.3M | −$873K | 49 | -20.5% |
| 2021 | $2.9M | −$1.4M | 49 | -47.4% |
| 2022 | −$1.9M | −$2.2M | 49 | 114.6% |
| 2023 | −$2.1M | −$2.4M | 70 | 117.6% |
04 — OWNERSHIP
Ownership chain
| Owner | Type | Ownership % | Since |
|---|---|---|---|
| CHRISTIAN CARE | Organization | 100% | — |
| CORTES, ROBERTO | Individual | — | — |
| KLIBANOW, PAUL | Individual | — | — |
| PRATHER, WILLIAM | Individual | — | — |
| ROSS, MICHAEL | Individual | — | — |
| SHIR, ANATOLIY | Individual | — | — |