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SNF COST REPORT · Loading…
Stethopowered by▸healthparse
Practices▾
DermatologyOphthalmologyOrthopedicsDentalUrgent CarePhysical Therapy
Facilities▾
Skilled NursingHome HealthHospiceDialysis
CompareOwnershipOperatorsDealsResearchPricing
PracticesDermatologyOphthalmologyOrthopedicsDentalUrgent CarePhysical TherapyFacilitiesSkilled NursingHome HealthHospiceDialysisCompareOwnershipOperatorsDealsResearchPricing
SNF COST REPORT · CCN 345292 · FY 2023

GRANTSBROOK NURSING & REHAB CTR

GRANTSBORO, NC 28529 · Fiscal year ending 2023-09-30

104 bedsSNF
$365K
TOTAL REVENUE
−$530K
OPERATING INCOME
-145.1%
OPERATING MARGIN
104
TOTAL BEDS
178
DISCHARGES
01 — FINANCIAL

Financial summary

Net patient revenue
$365K
Total costs
$895K
Operating income (rev − costs)
−$530K
Operating margin
-145.1%
Total charges
$1.3M
02 — UTILIZATION

Utilization

Total beds
104
Total inpatient days
26,061
Medicare days (Title XVIII)
2,946
Medicaid days (Title XIX)
19,136
Total discharges
178
CROSS-REFERENCE

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HCRIS.io
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CareLens
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03 — HISTORY

7-year trend

−$65K$2.1M$4.3M$6.4M2017201820192020202120222023RevenueOperating Income
YearRevenueOperating IncomeBedsMargin
2017$5.5M−$950K96-17.3%
2018$5.3M−$1.4M96-26.5%
2019$6.0M−$1.1M96-17.7%
2020$6.4M−$1.2M96-18.5%
2021$6.0M−$2.2M96-37.3%
2022$709K−$289K104-40.7%
2023$365K−$530K104-145.1%
ACQUISITION SIGNALSDeclining margins
04 — OWNERSHIP

Ownership chain

OwnerTypeOwnership %Since
PRINCIPLE IT SERVICES, INC.Organization50%—
PRINCIPLE LONG TERM CARE, INC.Organization50%—
HILL, ROBERTIndividual21%—
HILL, STEPHENIndividual20%—
HILL, RAYMONDIndividual18%—
BOICE, GALEIndividual——
BURRELL, JAMESIndividual——
JOHNSON, DIANNEIndividual——
KARSTETTER, BRIANIndividual——
PRINCIPLE LONG TERM CARE, INC.Organization——