Velarion Records

Rehabilitation hospital · Lawrenceville, New Jersey · 60 beds · CMS certification number 313027

Lawrence Rehabilitation Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 24, 2026. 29 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$41.2M
$41,237,310 · G-3 line 3
Operating expenses
$40.4M
$40,370,238 · G-3 line 4
Result from patient care
$867K
$867,072 · G-3 line 5
Margin on patient care
2.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $16.3M in its first year on file (1996) to $41.2M in 2025.
  • Its result from patient care: $6.3M (2023), $6.9M (2024), $867K (2025).
  • All 5 rehabilitation hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 5.8% of its inpatient days and Medicare for 55.5%.
  • QUINTO NEXGEN LLC holds 79% 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
1996
reopened
$16.3M
$16.2M
1997
reopened
$17.3M
$16.6M
1998
settled
$18.3M
$17.9M
1999
settled
$19.5M
$19.5M
2000
settled
$17.6M
$18.4M
2001
settled
$18.8M
$19.4M
2002
settled
$23.5M
$22.6M
2003
settled
$24.2M
$24.4M
2004
settled
$25.2M
$25.3M
2005
settled
$25.2M
$26.1M
2006
reopened
$25.5M
$25.8M
2007
settled
$24.2M
$25.2M
2008
settled
$26.8M
$26.4M
2009
reopened
$28.8M
$28.1M
2010
settled
$29.0M
$29.3M
2011
settled
$30.3M
$29.8M
2012
settled
$31.0M
$31.1M
2013
settled
$31.9M
$32.8M
2014
reopened
$33.0M
$33.8M
2015
settled
$34.4M
$35.1M
2016
settled
$33.9M
$34.9M
2017
settled
$31.7M
$33.4M
2018
settled
$32.2M
$32.7M
2019
settled
$32.2M
$31.8M
2020
settled
$19.0M
$25.4M
2021
settled
$20.1M
$24.6M
2023
settled
$30.3M
$24.0M
2024
as submitted
$38.3M
$31.4M
2025
as submitted
$41.2M
$40.4M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Lawrence Rehabilitation Hospital60$41,237,310$40,370,2382.1%
Encompass Health Rehabilitation Hospital of Tinton Falls, A Joint Vent, Tinton Falls60$37,993,568$27,462,91627.7%
Encompass Health Rehabilitation Hospital of Toms River, Toms River98$63,633,296$49,645,52722.0%
Encompass Health Rehabilitation Hospital of Vineland, Vineland41$28,443,566$23,700,20316.7%
Kessler Rehab Center, West Orange336$327,591,307$286,631,46012.5%
Kessler Institute for Rehabilitation, Marlton61$46,932,013$39,109,25316.7%

Patients and payers

Discharges
1,058
S-3 line 14, col 15
Inpatient days
17,086
S-3 line 14, col 8
Beds in use, on an average day
46.9
days ÷ days in year
Occupancy
78.0%
days ÷ bed days
Medicare share of days
55.5%
S-3 cols 6 ÷ 8
Medicaid share of days
5.8%
S-3 cols 7 ÷ 8

Who owns it

  • QUINTO NEXGEN LLC79%
  • TRYKO NEXGEN HOLDINGS LLC57%
  • YR NEXGEN TR28%
  • NFR 2020 IRRV TR22%
  • RSBRMK HOLDINGS LLC22%
  • UKR NEXGEN LLC20%
  • UAK 2020 IRRV TR20%
  • SK NEXGEN TR14%
  • YK NEXGEN TR14%

Related organizations on its own cost report: QUINTO DELTA (79%), landlord; SKILLED VENTURE (1%), landlord; UKR VENTURE LLC (20%), landlord; TRYKO HOLDINGS, consulting; SEAN KOHN, consulting.

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 HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 313027. 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 HOSP10FY2025.ZIP, read June 24, 2026.