Arkansas Business reported that nursing home profits in Arkansas are up. “About 70 percent of the nursing homes in Arkansas made a profit in the year that ended June 30, 2013, according to cost reports audited by the Arkansas Department of Human Services.”
Net incomes ranged from just over $1.4 million at both the Nursing & Rehabilitation Center at Good Shepherd and Briarwood Nursing & Rehab Center, both in Little Rock and both with 120 beds, to a loss of almost $1.5 million at 140-bed Northridge Healthcare & Rehabilitation in North Little Rock. The total net income for the profitable facilities was a hair under $56 million, up from $49 million in 2012. The remainder had losses that totaled just under $14 million, including that of Northridge. That’s up from about $9 million.