ACQUISITION SIGNALSDeclining marginsLow census (turnaround opportunity)
SNF COST REPORT · CCN 675317 · FY 2023
DEERINGS NURSING AND REHABILITATION
ODESSA, TX 79763 · Fiscal year ending 2023-12-31
109 bedsSNF
$348K
TOTAL REVENUE
−$277K
OPERATING INCOME
-79.8%
OPERATING MARGIN
109
TOTAL BEDS
143
DISCHARGES
01 — FINANCIAL
Financial summary
- Net patient revenue
- $348K
- Total costs
- $625K
- Operating income (rev − costs)
- −$277K
- Operating margin
- -79.8%
- Total charges
- $830K
02 — UTILIZATION
Utilization
- Total beds
- 109
- Total inpatient days
- 19,747
- Medicare days (Title XVIII)
- 1,029
- Medicaid days (Title XIX)
- 15,565
- Total discharges
- 143
03 — HISTORY
7-year trend
| Year | Revenue | Operating Income | Beds | Margin |
|---|---|---|---|---|
| 2017 | $4.5M | −$1.4M | 111 | -31.5% |
| 2018 | $4.4M | −$1.3M | 111 | -30.6% |
| 2019 | $4.7M | −$2.1M | 111 | -45.6% |
| 2020 | $4.4M | −$1.1M | 109 | -25.6% |
| 2021 | $3.6M | −$1.5M | 109 | -41.4% |
| 2022 | −$467K | −$1.1M | 109 | 244.9% |
| 2023 | $348K | −$277K | 109 | -79.8% |
04 — OWNERSHIP
Ownership chain
| Owner | Type | Ownership % | Since |
|---|---|---|---|
| HONOR X ENTERPRISES, LLC | Organization | 100% | — |
| BLAKE, GARY | Individual | 50% | — |
| BLAKE, MALISA | Individual | 50% | — |
| BLAKE, GARY | Individual | — | — |
| BLAKE, MALISA | Individual | — | — |
| CREATIVE SOLUTIONS IN HEALTHCARE INC | Organization | — | — |
| HUGGINS, LINDA | Individual | — | — |