Velarion Records

Long-term care hospital · Louisville, Kentucky · 153 beds · CMS certification number 182001

Kindred Hospital Louisville

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended August 31, 2025, as submitted, stamped by CMS November 19, 2025. 30 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$61.5M
$61,527,834 · G-3 line 3
Operating expenses
$71.0M
$70,998,377 · G-3 line 4
Result from patient care
−$9.5M
−$9,470,543 · G-3 line 5
Margin on patient care
−15.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $23.8M in its first year on file (1996) to $61.5M in 2025.
  • Its result from patient care: −$14.7M (2023), −$9.1M (2024), −$9.5M (2025).
  • 1 of the 5 long-term care hospital peers below with a margin on file also reports a loss on patient care for fiscal year 2025.
  • Medicaid paid for 9.9% of its inpatient days and Medicare for 20.5%.
  • 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.

30 years of filings

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

Net patient revenueOperating expenses
1996
as submitted
$23.8M
$19.9M
1997
as submitted
$30.3M
$23.8M
1998
as submitted
$14.5M
$12.3M
1999
as submitted
$54.2M
$48.2M
2000
reopened
$32.3M
$38.8M
2001
reopened
$41.8M
$40.0M
2002
reopened
$39.8M
$39.3M
2003
settled with audit
$48.0M
$42.5M
2004
settled
$49.8M
$46.5M
2005
reopened
$51.7M
$46.1M
2006
reopened
$56.6M
$51.8M
2007
reopened
$59.5M
$54.7M
2008
reopened
$66.9M
$59.3M
2009
reopened
$75.8M
$62.8M
2010
reopened
$68.1M
$63.5M
2011
reopened
$71.0M
$64.1M
2012
reopened
$73.7M
$68.9M
2013
settled
$76.2M
$71.9M
2014
settled
$75.7M
$72.6M
2015
reopened
$79.1M
$75.4M
2016
settled
$85.1M
$77.5M
2017
settled
$76.2M
$78.3M
2018
reopened
$68.0M
$73.9M
2019
reopened
$68.4M
$68.8M
2020
settled
$65.5M
$68.3M
2021
settled
$67.8M
$69.9M
2022
settled
$70.8M
$81.9M
2023
settled
$65.1M
$79.8M
2024
settled
$64.2M
$73.3M
2025
as submitted
$61.5M
$71.0M

Beside its peers

Hospitals of the same type (long-term care hospital), nearest in size, from Kentucky first; each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Kindred Hospital Louisville153$61,527,834$70,998,377−15.4%
Continuecare Hospital at Baptist Health Corbin, Corbin32$16,877,213$12,812,02124.1%
Continuecare Hospital at Baptist Health Paducah, Paducah37$8,403,412$8,552,004−1.8%
Continuecare Hospital at Baptist Health Deaconess Madisonville, Madisonville35$7,863,962$7,652,1112.7%
Continuing Care Hospital, Lexington35$18,530,940$13,407,96527.7%
Select Specialty Hospital Northern Kentucky, Fort Thomas33$12,870,211$12,030,3166.5%

Patients and payers

Discharges
603
S-3 line 14, col 15
Inpatient days
25,534
S-3 line 14, col 8
Beds in use, on an average day
70.1
days ÷ days in year
Occupancy
45.7%
days ÷ bed days
Medicare share of days
20.5%
S-3 cols 6 ÷ 8
Medicaid share of days
9.9%
S-3 cols 7 ÷ 8

Who owns it

  • KENTUCKY HOSPITAL HOLDINGS JV LP100%
  • KENTUCKY HOSPITAL HOLDINGS LLC100%
  • KENTUCKY HOSPITAL INTERMEDIATE LLC100%
  • KINDRED HEALTHCARE LLC100%
  • KINDRED HEALTHCARE OPERATING 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).

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 182001. 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 November 19, 2025.