What is LCC OF RED BANK?

LCC OF RED BANK is a Medicare-certified skilled nursing facility located in CHATTANOOGA, TN (CCN 445240). Stetho tracks its CMS cost report financials, bed count, occupancy, and ownership chain for M&A targeting.

Where is LCC OF RED BANK located?

LCC OF RED BANK is located in CHATTANOOGA, TN 37405.

How many beds does LCC OF RED BANK have?

LCC OF RED BANK has 148 certified beds, with −$116K in net patient revenue per its latest CMS cost report.

ACQUISITION SIGNALSDeclining margins

SNF COST REPORT · CCN 445240 · FY 2023

LCC OF RED BANK

CHATTANOOGA, TN 37405 · Fiscal year ending 2023-12-31

148 bedsSNF

−$116K

TOTAL REVENUE

−$1.6M

OPERATING INCOME

—

OPERATING MARGIN

148

TOTAL BEDS

465

DISCHARGES

01 — FINANCIAL

Financial summary

Net patient revenue: −$116K
Total costs: $1.4M
Operating income (rev − costs): −$1.6M
Operating margin: —
Total charges: $4.7M

02 — UTILIZATION

Utilization

Total beds: 148
Total inpatient days: 34,558
Medicare days (Title XVIII): 3,305
Medicaid days (Title XIX): 20,526
Total discharges: 465

03 — HISTORY

7-year trend

Year	Revenue	Operating Income	Beds	Margin
2017	$5.8M	−$1.3M	148	-22.3%
2018	$8.5M	−$2.3M	148	-27.1%
2019	$8.3M	−$2.7M	148	-32.0%
2020	$7.7M	−$2.9M	148	-37.9%
2021	$6.8M	−$2.9M	148	-42.5%
2022	−$1.5M	−$2.9M	148	197.8%
2023	−$116K	−$1.6M	148	1340.1%

04 — OWNERSHIP

Ownership chain

Owner	Type	Ownership %	Since
LIFE CARE CENTERS OF AMERICA, INC.	Organization	100%	—
PRESTON, FORREST	Individual	100%	—
BROOM, SHERRY	Individual	—	—
CROSS, CINDY	Individual	—	—
LIFE CARE CENTERS OF AMERICA, INC.	Organization	—	—
THURMOND, JOAN	Individual	—	—

CROSS-REFERENCE

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CareLens

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