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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 395883 · FY 2023

PENNWOOD NURSING AND REHAB

PITTSBURGH, PA 15221 · Fiscal year ending 2023-10-31

148 bedsSNF
−$705K
TOTAL REVENUE
−$982K
OPERATING INCOME
—
OPERATING MARGIN
148
TOTAL BEDS
40
DISCHARGES
01 — FINANCIAL

Financial summary

Net patient revenue
−$705K
Total costs
$277K
Operating income (rev − costs)
−$982K
Operating margin
—
Total charges
$112K
02 — UTILIZATION

Utilization

Total beds
148
Total inpatient days
10,285
Medicare days (Title XVIII)
194
Medicaid days (Title XIX)
8,519
Total discharges
40
CROSS-REFERENCE

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03 — HISTORY

4-year trend

$136K$2.4M$4.6M$6.8M2017201820192023RevenueOperating Income
YearRevenueOperating IncomeBedsMargin
2017$6.8M−$2.0M126-29.3%
2018$5.6M−$2.1M126-37.4%
2019$3.8M−$1.7M126-43.6%
2023−$705K−$982K148139.3%
ACQUISITION SIGNALSDeclining marginsLow census (turnaround opportunity)
04 — OWNERSHIP

Ownership chain

OwnerTypeOwnership %Since
PENNWOOD HOLDINGS LLCOrganization100%—
GRINSPAN, ARYEHIndividual40%—
WIELGUS, GEDALIAHIndividual40%—
KORN, ELIIndividual20%—
ANGROOLA, AMARDEEPIndividual——
GRINSPAN, ARYEHIndividual——
GRINSPAN, ARYEHIndividual——
WECARE HCC LLCOrganization——
WIELGUS, GEDALIAHIndividual——
WIELGUS, GEDALIAHIndividual——
WILLIAMS, CRISTINEIndividual——