What is CLAPPS CONVALESCENT NURSING HOME?

CLAPPS CONVALESCENT NURSING HOME is a Medicare-certified skilled nursing facility located in ASHEBORO, NC (CCN 345015). Stetho tracks its CMS cost report financials, bed count, occupancy, and ownership chain for M&A targeting.

Where is CLAPPS CONVALESCENT NURSING HOME located?

CLAPPS CONVALESCENT NURSING HOME is located in ASHEBORO, NC 27203.

How many beds does CLAPPS CONVALESCENT NURSING HOME have?

CLAPPS CONVALESCENT NURSING HOME has 96 certified beds, with $1.3M in net patient revenue per its latest CMS cost report.

ACQUISITION SIGNALSHigh census (stable)

SNF COST REPORT · CCN 345015 · FY 2023

CLAPPS CONVALESCENT NURSING HOME

ASHEBORO, NC 27203 · Fiscal year ending 2023-09-30

96 bedsSNF

$1.3M

TOTAL REVENUE

$70K

OPERATING INCOME

5.5%

OPERATING MARGIN

TOTAL BEDS

391

DISCHARGES

01 — FINANCIAL

Financial summary

Net patient revenue: $1.3M
Total costs: $1.2M
Operating income (rev − costs): $70K
Operating margin: 5.5%
Total charges: $1.5M

02 — UTILIZATION

Utilization

Total beds: 96
Total inpatient days: 32,449
Medicare days (Title XVIII): 2,497
Medicaid days (Title XIX): 19,653
Total discharges: 391

03 — HISTORY

7-year trend

Year	Revenue	Operating Income	Beds	Margin
2017	$9.3M	$1.2M	96	13.4%
2018	$9.1M	$1.1M	96	12.2%
2019	$10.0M	$1.8M	96	18.1%
2020	$9.1M	$18K	96	0.2%
2021	$9.0M	−$343K	96	-3.8%
2022	$938K	−$143K	96	-15.3%
2023	$1.3M	$70K	96	5.5%

04 — OWNERSHIP

Ownership chain

Owner	Type	Ownership %	Since
HOLLOWELL, DANIELLE	Individual	50%	—
HOLLOWELL, GRANT	Individual	50%	—
HOLLOWELL, GRANT	Individual	—	—

CROSS-REFERENCE

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HCRIS.io

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990Health

IRS Form 990 financials, executive compensation

CareLens

CMS quality ratings, inspections, staffing

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