Velarion Records

Rehabilitation hospital · Marlton, New Jersey · 61 beds · CMS certification number 313032

Kessler Institute for Rehabilitation

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 22, 2026. 29 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$46.9M
$46,932,013 · G-3 line 3
Operating expenses
$39.1M
$39,109,253 · G-3 line 4
Result from patient care
$7.8M
$7,822,760 · G-3 line 5
Margin on patient care
16.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $13.9M in its first year on file (1996) to $46.9M in 2025.
  • Its result from patient care: $5.6M (2023), $5.9M (2024), $7.8M (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 1.4% of its inpatient days and Medicare for 40.6%.
  • KESSLER REHABILITATION CORPORATION holds 100% 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
settled
$13.9M
$15.0M
1997
as submitted
$16.6M
$18.8M
1998
as submitted
$15.3M
$18.0M
2000
settled with audit
$14.5M
$13.7M
2001
settled with audit
$13.9M
$14.1M
2002
settled
$16.4M
$13.6M
2003
settled
$9.7M
$9.5M
2004
settled
$14.9M
$18.0M
2005
settled
$16.2M
$20.6M
2006
reopened
$18.5M
$21.2M
2007
settled
$20.3M
$21.9M
2008
settled
$20.5M
$20.6M
2009
settled
$22.3M
$20.6M
2010
settled
$23.2M
$20.8M
2011
settled
$24.3M
$20.9M
2012
settled
$60.3M
$21.2M
2013
settled
$27.6M
$22.1M
2014
reopened
$31.2M
$24.2M
2015
reopened
$31.2M
$24.4M
2016
reopened
$26.5M
$19.9M
2017
settled
$30.5M
$27.0M
2018
reopened
$32.2M
$27.1M
2019
settled
$32.5M
$28.0M
2020
settled
$30.0M
$28.9M
2021
settled
$37.6M
$32.3M
2022
settled
$38.4M
$34.7M
2023
reopened
$41.1M
$35.6M
2024
settled
$43.3M
$37.4M
2025
as submitted
$46.9M
$39.1M

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
Kessler Institute for Rehabilitation61$46,932,013$39,109,25316.7%
Encompass Health Rehabilitation Hospital of Toms River, Toms River98$63,633,296$49,645,52722.0%
Encompass Health Rehabilitation Hospital of Tinton Falls, A Joint Vent, Tinton Falls60$37,993,568$27,462,91627.7%
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%
Lawrence Rehabilitation Hospital, Lawrenceville60$41,237,310$40,370,2382.1%

Patients and payers

Discharges
1,617
S-3 line 14, col 15
Inpatient days
20,956
S-3 line 14, col 8
Beds in use, on an average day
57.6
days ÷ days in year
Occupancy
94.1%
days ÷ bed days
Medicare share of days
40.6%
S-3 cols 6 ÷ 8
Medicaid share of days
1.4%
S-3 cols 7 ÷ 8

Who owns it

  • KESSLER REHABILITATION CORPORATION100%
  • SELECT MEDICAL CORPORATION100%
  • SELECT MEDICAL HOLDINGS CORPORATION100%
  • STALLION GROUP PARENT LP97%
  • STALLION INTERMEDIATE CORPORATION97%
  • WCAS XIV LP40%
  • ROBERT A ORTENZIO18%
  • CAS STALLION CO INVESTMENTS LP14%
  • CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM6%
  • MUIR WOODS PARTNERS LP6%
  • THE ROCCO A ORTENZIO REVOCABLE TRUST, DTE 8-14-2007, AS AMENDED6%

Related organizations on its own cost report: KESSLER REHABILITATION CORPORATION, healthcare.

Other hospitals with the same owner: Select Specialty Hospital - Birmingham (AL), Select Specialty Hospital - Phoenix (AZ), Select Specialty Hospital - Tucson Northwest (AZ), Select Specialty Hospital-Arizona (AZ), Honorhealth Rehabilitation Hospital (AZ), Banner Rehabilitation Hospital (AZ), Regency Hospital of Springdale (AR), Select Specialty Hospital-San Diego (CA), California Rehabilitation Institute (CA), Select Specialty Hospital - Wilmington (DE), Select Specialty Hospital - Miami (FL).

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 313032. 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 22, 2026.