What is PARK RIVER ESTATES CARE CENTER?

PARK RIVER ESTATES CARE CENTER is a Medicare-certified skilled nursing facility located in COON RAPIDS, MN (CCN 245448). Stetho tracks its CMS cost report financials, bed count, occupancy, and ownership chain for M&A targeting.

Where is PARK RIVER ESTATES CARE CENTER located?

PARK RIVER ESTATES CARE CENTER is located in COON RAPIDS, MN 55433.

How many beds does PARK RIVER ESTATES CARE CENTER have?

PARK RIVER ESTATES CARE CENTER has 99 certified beds, with $546K in net patient revenue per its latest CMS cost report.

ACQUISITION SIGNALSDeclining marginsHigh census (stable)

SNF COST REPORT · CCN 245448 · FY 2023

PARK RIVER ESTATES CARE CENTER

COON RAPIDS, MN 55433 · Fiscal year ending 2023-12-31

99 bedsSNF

$546K

TOTAL REVENUE

−$435K

OPERATING INCOME

-79.7%

OPERATING MARGIN

TOTAL BEDS

273

DISCHARGES

01 — FINANCIAL

Financial summary

Net patient revenue: $546K
Total costs: $981K
Operating income (rev − costs): −$435K
Operating margin: -79.7%
Total charges: $1.3M

02 — UTILIZATION

Utilization

Total beds: 99
Total inpatient days: 30,822
Medicare days (Title XVIII): 2,033
Medicaid days (Title XIX): 17,972
Total discharges: 273

03 — HISTORY

7-year trend

Year	Revenue	Operating Income	Beds	Margin
2017	$7.6M	−$1.1M	99	-14.8%
2018	$8.8M	−$1.1M	99	-12.7%
2019	$8.9M	−$1.8M	99	-20.2%
2020	$8.1M	−$3.0M	99	-36.7%
2021	$7.6M	−$3.0M	99	-38.8%
2022	−$791K	−$2.1M	99	263.6%
2023	$546K	−$435K	99	-79.7%

04 — OWNERSHIP

Ownership chain

Owner	Type	Ownership %	Since
CHIES, MICHAEL	Individual	33%	—
CHIES, STEVEN	Individual	33%	—
CHIES, TIMOTHY	Individual	33%	—
CHIES, STEVEN	Individual	—	—

CROSS-REFERENCE

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HCRIS.io

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PriceTransparency.io

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990Health

IRS Form 990 financials, executive compensation

CareLens

CMS quality ratings, inspections, staffing

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