What is TOWNE MANOR EAST?

TOWNE MANOR EAST is a Medicare-certified skilled nursing facility located in NORRISTOWN, PA (CCN 395446). Stetho tracks its CMS cost report financials, bed count, occupancy, and ownership chain for M&A targeting.

Where is TOWNE MANOR EAST located?

TOWNE MANOR EAST is located in NORRISTOWN, PA 19401.

How many beds does TOWNE MANOR EAST have?

TOWNE MANOR EAST has 120 certified beds, with −$3.1M in net patient revenue per its latest CMS cost report.

ACQUISITION SIGNALSDeclining margins

SNF COST REPORT · CCN 395446 · FY 2023

TOWNE MANOR EAST

NORRISTOWN, PA 19401 · Fiscal year ending 2023-12-31

120 bedsSNF

−$3.1M

TOTAL REVENUE

−$4.1M

OPERATING INCOME

—

OPERATING MARGIN

120

TOTAL BEDS

DISCHARGES

01 — FINANCIAL

Financial summary

Net patient revenue: −$3.1M
Total costs: $943K
Operating income (rev − costs): −$4.1M
Operating margin: —
Total charges: $1.3M

02 — UTILIZATION

Utilization

Total beds: 120
Total inpatient days: 34,395
Medicare days (Title XVIII): 723
Medicaid days (Title XIX): 32,651
Total discharges: 69

03 — HISTORY

6-year trend

Year	Revenue	Operating Income	Beds	Margin
2017	$10.5M	−$966K	120	-9.2%
2018	$10.4M	−$1.4M	120	-13.5%
2019	$10.2M	−$1.4M	120	-13.7%
2020	$10.5M	−$1.6M	120	-15.0%
2022	−$2.2M	−$3.2M	120	146.9%
2023	−$3.1M	−$4.1M	120	130.1%

04 — OWNERSHIP

Ownership chain

Owner	Type	Ownership %	Since
KRAUS, ABRAHAM	Individual	67%	—
CZERMEK, MICHAEL	Individual	25%	—
PARAMOUNT CARE CENTERS LLC	Organization	—	—
PEAKE, LORENA	Individual	—	—
REICH, SAM	Individual	—	—

CROSS-REFERENCE

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HCRIS.io

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CareLens

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