What is PREAKNESS HEALTHCARE CENTER?

PREAKNESS HEALTHCARE CENTER is a Medicare-certified skilled nursing facility located in WAYNE, NJ (CCN 315361). Stetho tracks its CMS cost report financials, bed count, occupancy, and ownership chain for M&A targeting.

Where is PREAKNESS HEALTHCARE CENTER located?

PREAKNESS HEALTHCARE CENTER is located in WAYNE, NJ 07470.

How many beds does PREAKNESS HEALTHCARE CENTER have?

PREAKNESS HEALTHCARE CENTER has 406 certified beds, with −$24.0M in net patient revenue per its latest CMS cost report.

SNF COST REPORT · CCN 315361 · FY 2023

PREAKNESS HEALTHCARE CENTER

WAYNE, NJ 07470 · Fiscal year ending 2023-12-31

406 bedsSNF

−$24.0M

TOTAL REVENUE

−$27.3M

OPERATING INCOME

—

OPERATING MARGIN

406

TOTAL BEDS

362

DISCHARGES

01 — FINANCIAL

Financial summary

Net patient revenue: −$24.0M
Total costs: $3.2M
Operating income (rev − costs): −$27.3M
Operating margin: —
Total charges: $2.2M

02 — UTILIZATION

Utilization

Total beds: 406
Total inpatient days: 97,118
Medicare days (Title XVIII): 2,754
Medicaid days (Title XIX): 86,129
Total discharges: 362

03 — HISTORY

7-year trend

Year	Revenue	Operating Income	Beds	Margin
2017	$33.5M	−$36.8M	406	-110.0%
2018	$32.8M	−$41.7M	406	-127.1%
2019	$32.1M	−$35.2M	406	-109.7%
2020	$30.6M	−$32.5M	406	-106.1%
2021	$27.2M	−$34.2M	406	-125.7%
2022	−$27.9M	−$31.0M	406	110.8%
2023	−$24.0M	−$27.3M	406	113.4%

04 — OWNERSHIP

Ownership chain

Owner	Type	Ownership %	Since
COUNTY OF PASSAIC DEPARTMENT OF FINANCE	Organization	100%	—
CORRADO, LUCINDA	Individual	—	—
WILLIAMSON, THOMAS	Individual	—	—

CROSS-REFERENCE

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HCRIS.io

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990Health

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CareLens

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