ACQUISITION SIGNALSHigh census (stable)
SNF COST REPORT · CCN 335790 · FY 2023

ELDERWOOD AT WHEATFIELD

NIAGARA FALLS, NY 14304 · Fiscal year ending 2023-12-31

123 bedsSNF
−$1.2M
TOTAL REVENUE
−$4.1M
OPERATING INCOME
OPERATING MARGIN
123
TOTAL BEDS
373
DISCHARGES
01 — FINANCIAL

Financial summary

Net patient revenue
−$1.2M
Total costs
$2.9M
Operating income (rev − costs)
−$4.1M
Operating margin
Total charges
$1.9M
02 — UTILIZATION

Utilization

Total beds
123
Total inpatient days
40,383
Medicare days (Title XVIII)
3,133
Medicaid days (Title XIX)
21,457
Total discharges
373
03 — HISTORY

7-year trend

$836K$5.8M$10.8M$15.7M2017201820192020202120222023RevenueOperating Income
YearRevenueOperating IncomeBedsMargin
2017$15.5M$1.7M12310.7%
2018$15.1M$1.0M1236.8%
2019$15.7M$1.5M1239.4%
2020$15.4M$1.7M12311.3%
2021$15.7M$1.7M12310.5%
2022−$2.0M−$4.0M123200.6%
2023−$1.2M−$4.1M123336.7%
04 — OWNERSHIP

Ownership chain

OwnerTypeOwnership %Since
COLE, WARRENIndividual50%
RUBIN, JEFFREYIndividual50%
COLE, WARRENIndividual
HARDY, MICHELLEIndividual
RUBIN, JEFFREYIndividual