What is R.E. MCNAIR MEMORIAL NURSING CENTER?

R.E. MCNAIR MEMORIAL NURSING CENTER is a Medicare-certified skilled nursing facility located in LAKE CITY, SC (CCN 425309). Stetho tracks its CMS cost report financials, bed count, occupancy, and ownership chain for M&A targeting.

Where is R.E. MCNAIR MEMORIAL NURSING CENTER located?

R.E. MCNAIR MEMORIAL NURSING CENTER is located in LAKE CITY, SC 29560.

How many beds does R.E. MCNAIR MEMORIAL NURSING CENTER have?

R.E. MCNAIR MEMORIAL NURSING CENTER has 88 certified beds, with −$752K in net patient revenue per its latest CMS cost report.

ACQUISITION SIGNALSDeclining margins

SNF COST REPORT · CCN 425309 · FY 2023

R.E. MCNAIR MEMORIAL NURSING CENTER

LAKE CITY, SC 29560 · Fiscal year ending 2023-09-30

88 bedsSNF

−$752K

TOTAL REVENUE

−$1.0M

OPERATING INCOME

—

OPERATING MARGIN

TOTAL BEDS

DISCHARGES

01 — FINANCIAL

Financial summary

Net patient revenue: −$752K
Total costs: $253K
Operating income (rev − costs): −$1.0M
Operating margin: —
Total charges: $113K

02 — UTILIZATION

Utilization

Total beds: 88
Total inpatient days: 23,032
Medicare days (Title XVIII): 232
Medicaid days (Title XIX): 18,750
Total discharges: 68

03 — HISTORY

7-year trend

Year	Revenue	Operating Income	Beds	Margin
2017	$4.6M	−$339K	88	-7.3%
2018	$4.8M	−$350K	88	-7.3%
2019	$5.0M	−$292K	88	-5.9%
2020	$4.9M	−$579K	88	-11.7%
2021	$4.2M	−$1.2M	88	-29.8%
2022	−$1.7M	−$2.0M	88	115.4%
2023	−$752K	−$1.0M	88	133.7%

04 — OWNERSHIP

Ownership chain

Owner	Type	Ownership %	Since
FRIERSON, SARAH	Individual	100%	—
FRIERSON, SARAH	Individual	—	—
FRIERSON, SARAH	Individual	—	—
HEALTHCARE PANASCOPE INC	Organization	—	—

CROSS-REFERENCE

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HCRIS.io

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990Health

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CareLens

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