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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 366238 · FY 2023

NORWOOD TOWERS POST ACUTE

NORWOOD, OH 45212 · Fiscal year ending 2023-12-31

120 bedsSNF
$376K
TOTAL REVENUE
−$520K
OPERATING INCOME
-138.4%
OPERATING MARGIN
120
TOTAL BEDS
126
DISCHARGES
01 — FINANCIAL

Financial summary

Net patient revenue
$376K
Total costs
$896K
Operating income (rev − costs)
−$520K
Operating margin
-138.4%
Total charges
$1.6M
02 — UTILIZATION

Utilization

Total beds
120
Total inpatient days
35,017
Medicare days (Title XVIII)
1,184
Medicaid days (Title XIX)
10,415
Total discharges
126
CROSS-REFERENCE

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04 — OWNERSHIP

Ownership chain

OwnerTypeOwnership %Since
PROVIDENCE GROUP NH, LLCOrganization100%—
APT, FREDERICKIndividual——
BANKS, UGOLAIndividual——
BULLOCK, ANDREWIndividual——
HANCOCK, MARKIndividual——
HANCOCK, MARKIndividual——
JERGENSEN, JOSHUAIndividual——
MITCHELL, JOHNIndividual——
MURRAY, JASONIndividual——
PACS GROUP, INC.Organization——
PACS HOLDINGS, LLCOrganization——
03 — HISTORY

7-year trend

−$389K$1.9M$4.2M$6.6M2017201820192020202120222023RevenueOperating Income
YearRevenueOperating IncomeBedsMargin
2017$5.8M−$596K90-10.3%
2018$6.6M−$1.4M90-21.1%
2019$2.2M$7K900.3%
2020$6.1M−$1.6M90-25.9%
2021$5.9M−$2.7M90-45.6%
2022−$352K−$1.1M90303.6%
2023$376K−$520K120-138.4%
ACQUISITION SIGNALSDeclining margins