Velarion Records

Long-term care hospital · Riviera Beach, Florida · 57 beds · CMS certification number 102025

Kindred Hospital the Palm Beaches

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended August 31, 2025, amended, stamped by CMS May 6, 2026. Sixteen years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$33.0M
$32,958,270 · G-3 line 3
Operating expenses
$37.1M
$37,139,129 · G-3 line 4
Result from patient care
−$4.2M
−$4,180,859 · G-3 line 5
Margin on patient care
−12.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $19.6M in its first year on file (2010) to $33.0M in 2025.
  • Its result from patient care: −$3.3M (2023), $978K (2024), −$4.2M (2025).
  • 2 of the 5 long-term care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • KENTUCKY HOSPITAL HOLDINGS JV LP holds 100% of it, on its Medicare enrollment.

Every statement is drawn from figures on this page; nothing is estimated.

Sixteen years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
2010
settled
$19.6M
$20.9M
2011
reopened
$23.4M
$23.0M
2012
settled
$22.6M
$21.1M
2013
reopened
$23.6M
$21.3M
2014
reopened
$27.5M
$26.8M
2015
reopened
$23.3M
$23.4M
2016
settled
$28.2M
$24.7M
2017
reopened
$26.8M
$27.0M
2018
reopened
$27.4M
$25.9M
2019
settled with audit
$26.2M
$25.5M
2020
settled
$29.0M
$26.4M
2021
settled
$30.3M
$28.9M
2022
settled
$32.8M
$30.2M
2023
settled
$27.0M
$30.3M
2024
settled
$34.0M
$33.1M
2025
amended
$33.0M
$37.1M

Beside its peers

Long-term care hospitals in Florida with 50 to 99 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Kindred Hospital the Palm Beaches57$32,958,270$37,139,129−12.7%
Kindred Hospital - North Florida, Green Cove Springs58$25,953,230$31,481,846−21.3%
Select Specialty Hospital-Fort Myers, Fort Myers60$25,597,022$28,238,458−10.3%
Select Specialty Hospital - Miami Lakes, Miami Lakes60$44,741,828$38,896,30813.1%
Select Specialty Hospital-Palm Beach, Lake Worth60$34,155,544$32,952,4523.5%
Select Specialty Hospital-Pensacola, Pensacola60$43,879,820$40,393,7047.9%

Patients and payers

Discharges
438
S-3 line 14, col 15
Inpatient days
15,216
S-3 line 14, col 8
Beds in use, on an average day
41.8
days ÷ days in year
Occupancy
73.1%
days ÷ bed days
Medicare share of days
37.1%
S-3 cols 6 ÷ 8

Who owns it

  • KENTUCKY HOSPITAL HOLDINGS JV LP100%
  • KENTUCKY HOSPITAL HOLDINGS LLC100%
  • KENTUCKY HOSPITAL INTERMEDIATE LLC100%
  • KINDRED HEALTHCARE LLC100%
  • KINDRED HEALTHCARE OPERATING LLC100%
  • KINDRED HOSPITALS EAST LLC100%
  • KNIGHT HEALTH HOLDINGS LLC100%
  • KNIGHT HEALTH LLC100%
  • KNIGHT INTERMEDIATE HOLDINGS LLC100%

Related organizations on its own cost report: KHOLLC (100%), home office cost; KHOLLC (100%), liability insurance; APOLLO (100%), tsa/rehab/psych.

Other hospitals with the same owner: Andalusia Health (AL), Vaughan Regional Medical Center (AL), Cornerstone Specialty Hospitals Little Rock (AR), Kindred Hospital - Los Angeles (CA), Kindred Hospital - San Francisco Bay Area (CA), Kindred Hospital Westminster (CA), Kindred Hospital - San Diego (CA), Kindred Hospital - Ontario (CA), Kindred Hospital Brea (CA), Kindred Hospital Baldwin Park (CA), Kindred Hospital Paramount (CA), Kindred Hospital Rancho (CA).

Type of control on its cost report: proprietary, corporation.

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

Follow this hospital, free

We send this record now and tell you when it files again.

More long-term care hospitals in Florida

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 102025. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read May 6, 2026.