Velarion Records

Rehabilitation hospital · Salem, New Hampshire · 137 beds · CMS certification number 303026

Northeast Rehabilitation Hospital Network

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended May 31, 2025, settled, stamped by CMS August 20, 2026. 29 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$107.8M
$107,787,837 · G-3 line 3
Operating expenses
$106.2M
$106,249,509 · G-3 line 4
Result from patient care
$1.5M
$1,538,328 · G-3 line 5
Margin on patient care
1.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $26.0M in its first year on file (1997) to $107.8M in 2025.
  • Its result from patient care: −$177K (2023), $3.0M (2024), $1.5M (2025).
  • 2 of the 5 rehabilitation hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 0.2% of its inpatient days and Medicare for 59.9%.
  • THE JAMES EDWARD GRILLO DYNASTY TRUST OF 2012 holds 12% of it, on its Medicare enrollment.

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

29 years of filings

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

Net patient revenueOperating expenses
1997
settled with audit
$26.0M
$25.3M
1998
as submitted
$28.5M
$27.2M
1999
reopened
$28.4M
$27.8M
2000
settled with audit
$29.2M
$30.2M
2001
settled with audit
$27.4M
$30.3M
2002
settled with audit
$32.5M
$30.8M
2003
settled
$35.5M
$32.3M
2004
reopened
$39.0M
$34.8M
2005
reopened
$38.1M
$35.8M
2006
reopened
$41.8M
$38.8M
2007
reopened
$45.5M
$42.7M
2008
settled
$47.3M
$44.4M
2009
settled
$49.5M
$49.4M
2010
settled
$50.8M
$47.1M
2011
settled
$58.3M
$49.9M
2012
settled
$67.9M
$62.4M
2013
settled
$74.2M
$67.0M
2014
settled
$78.4M
$72.5M
2015
settled
$85.4M
$76.7M
2016
settled
$99.1M
$87.3M
2017
settled
$102.0M
$93.9M
2018
settled
$100.3M
$95.3M
2019
settled
$98.5M
$94.9M
2020
settled
$95.7M
$95.8M
2021
settled
$98.4M
$95.9M
2022
settled
$101.3M
$98.0M
2023
settled
$102.7M
$102.9M
2024
settled
$109.2M
$106.2M
2025
settled
$107.8M
$106.2M

Beside its peers

Hospitals of the same type (rehabilitation hospital), nearest in size, from New Hampshire first; each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Northeast Rehabilitation Hospital Network137$107,787,837$106,249,5091.4%
California Rehabilitation Institute, Los Angeles (CA)138$154,465,503$145,385,9555.9%
Encompass Health Rehabilitation Hospital of Concord, Concord50$33,606,778$26,100,92822.3%
Mary Free Bed Rehabilitation Hospital, Grand Rapids (MI)139$187,171,621$226,109,789−20.8%
Tirr Memorial Hermann, Houston (TX)134$176,260,013$181,558,722−3.0%
Spaulding Rehabilitation Hospital - Boston, Charlestown (MA)132$194,181,907$238,255,473−22.7%

Patients and payers

Discharges
3,183
S-3 line 14, col 15
Inpatient days
39,297
S-3 line 14, col 8
Beds in use, on an average day
108.0
days ÷ days in year
Occupancy
79.5%
days ÷ bed days
Medicare share of days
59.9%
S-3 cols 6 ÷ 8
Medicaid share of days
0.2%
S-3 cols 7 ÷ 8

Who owns it

  • THE JAMES EDWARD GRILLO DYNASTY TRUST OF 201212%
  • THE LOLA MARIA GRILLO DYNASTY TRUST OF 201212%
  • LOWELL J ROSMAN 2012 TRUST10%
  • THE MARION L.GRILLO REVOCABLE TRUST OF 20199%
  • THE HOWARD GARDNER 2012 IRREVOCABLE TRUST FBO ALEXANDRA GARDNER FERN8%
  • THE HOWARD GARDNER 2012 IRREVOCABLE TRUST FBO JULIANE GARDNER SPENCER8%
  • THE HOWARD GARDNER 2012 IRREVOCABLE TRUST FBO MEREDITH GARDNER RUBENZA8%
  • THE HOWARD GARDNER 2012 IRREVOCABLE TRUST FBO STEPHANIE GARDNER GINSBU8%

Related organizations on its own cost report: PEASE REHAB LLC (100%).

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

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 303026. 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 August 20, 2026.