What is THE LODGE AT MILLS RIVER?

THE LODGE AT MILLS RIVER is a Medicare-certified skilled nursing facility located in MILLS RIVER, NC (CCN 345253). Stetho tracks its CMS cost report financials, bed count, occupancy, and ownership chain for M&A targeting.

Where is THE LODGE AT MILLS RIVER located?

THE LODGE AT MILLS RIVER is located in MILLS RIVER, NC 28759.

How many beds does THE LODGE AT MILLS RIVER have?

THE LODGE AT MILLS RIVER has 50 certified beds, with $1.2M in net patient revenue per its latest CMS cost report.

ACQUISITION SIGNALSDeclining marginsHigh census (stable)

SNF COST REPORT · CCN 345253 · FY 2023

THE LODGE AT MILLS RIVER

MILLS RIVER, NC 28759 · Fiscal year ending 2023-12-31

50 bedsSNF

$1.2M

TOTAL REVENUE

−$781K

OPERATING INCOME

-67.0%

OPERATING MARGIN

TOTAL BEDS

408

DISCHARGES

01 — FINANCIAL

Financial summary

Net patient revenue: $1.2M
Total costs: $1.9M
Operating income (rev − costs): −$781K
Operating margin: -67.0%
Total charges: $3.9M

02 — UTILIZATION

Utilization

Total beds: 50
Total inpatient days: 15,653
Medicare days (Title XVIII): 9,591
Medicaid days (Title XIX): 2,339
Total discharges: 408

03 — HISTORY

7-year trend

Year	Revenue	Operating Income	Beds	Margin
2017	$4.7M	−$1.4M	50	-29.3%
2018	$4.7M	−$1.6M	50	-34.4%
2019	$4.9M	−$1.8M	50	-36.4%
2020	$5.0M	−$1.4M	50	-27.4%
2021	$5.6M	−$922K	50	-16.3%
2022	$1.0M	−$633K	50	-60.7%
2023	$1.2M	−$781K	50	-67.0%

04 — OWNERSHIP

Ownership chain

Owner	Type	Ownership %	Since
ARDENT HEALTH AND REHABILITATION CO	Organization	—	—
HENDERSON-BEYSTONE HEALTHCARE PROPERTIES, LLC	Organization	—	—
SPRENGER, ANDREW	Individual	—	—
SPRENGER, CHRISTOPHER	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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