What is THE CLIPPER HOME?

THE CLIPPER HOME is a Medicare-certified skilled nursing facility located in WESTERLY, RI (CCN 415120). Stetho tracks its CMS cost report financials, bed count, occupancy, and ownership chain for M&A targeting.

Where is THE CLIPPER HOME located?

THE CLIPPER HOME is located in WESTERLY, RI 02891-2625.

How many beds does THE CLIPPER HOME have?

THE CLIPPER HOME has 60 certified beds, with −$278K in net patient revenue per its latest CMS cost report.

SNF COST REPORT · CCN 415120 · FY 2023

THE CLIPPER HOME

WESTERLY, RI 02891-2625 · Fiscal year ending 2023-12-31

60 bedsSNF

−$278K

TOTAL REVENUE

−$919K

OPERATING INCOME

—

OPERATING MARGIN

TOTAL BEDS

274

DISCHARGES

01 — FINANCIAL

Financial summary

Net patient revenue: −$278K
Total costs: $641K
Operating income (rev − costs): −$919K
Operating margin: —
Total charges: $1.4M

02 — UTILIZATION

Utilization

Total beds: 60
Total inpatient days: 17,674
Medicare days (Title XVIII): 1,174
Medicaid days (Title XIX): 12,400
Total discharges: 274

03 — HISTORY

7-year trend

Year	Revenue	Operating Income	Beds	Margin
2017	$5.4M	$131K	60	2.4%
2018	$5.5M	$464K	60	8.4%
2019	$5.2M	$101K	60	1.9%
2020	$5.2M	$213K	60	4.1%
2021	$4.7M	−$654K	60	-13.9%
2022	−$394K	−$1.0M	60	258.4%
2023	−$278K	−$919K	60	330.2%

04 — OWNERSHIP

Ownership chain

Owner	Type	Ownership %	Since
FOLEY, BRIAN	Individual	100%	—
FOLEY, BRIAN	Individual	—	—
ORIX REAL ESTATE CAPITAL LLC	Organization	—	—
SINGH, DEVIKA	Individual	—	—
VESS, RYAN	Individual	—	—
VESS, RYAN	Individual	—	—
VESS, RYAN	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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