Velarion Records

Psychiatric hospital · Leland, North Carolina · 108 beds · CMS certification number 344030

Carolina Dunes Behavioral Health

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, settled, stamped by CMS July 14, 2026. Thirteen years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$18.6M
$18,646,302 · G-3 line 3
Operating expenses
$20.9M
$20,875,806 · G-3 line 4
Result from patient care
−$2.2M
−$2,229,504 · G-3 line 5
Margin on patient care
−12.0%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $18.4M in its first year on file (2016) to $18.6M in 2025.
  • Its result from patient care: $447K (2023), −$2.1M (2024), −$2.2M (2025).
  • 2 of the 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • SBHC HOLDINGS LLC holds 100% of it, on its Medicare enrollment.

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

Thirteen years of filings

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

Net patient revenueOperating expenses
2013
settled
not filed
not filed
2014
settled
not filed
not filed
2015
settled
not filed
not filed
2016
settled
$18.4M
$13.3M
2017
settled
$21.3M
$15.5M
2018
settled
$21.3M
$16.1M
2019
settled
$21.0M
$17.0M
2020
settled
$17.4M
$17.4M
2021
settled
$17.3M
$18.7M
2022
settled
$19.6M
$18.2M
2023
settled
$22.2M
$21.8M
2024
settled
$21.4M
$23.4M
2025
settled
$18.6M
$20.9M

Beside its peers

Hospitals of the same type (psychiatric hospital), nearest in size, from North Carolina first; each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Carolina Dunes Behavioral Health108$18,646,302$20,875,806−12.0%
Brynn Marr Hospital, Jacksonville84$22,507,356$24,860,988−10.5%
Holly Hill Hospital, Raleigh296$56,083,841$49,655,63711.5%
JFK Adatc, Black Mountain80$42,032,829$34,697,91817.4%
Old Vineyard Behavioral Health Services, Winston Salem164$45,970,371$33,409,46927.3%
Raleigh Oaks Behavioral Health, Leland116$24,516,904$26,796,515−9.3%

Patients and payers

Discharges
2,007
S-3 line 14, col 15
Inpatient days
19,636
S-3 line 14, col 8
Beds in use, on an average day
53.9
days ÷ days in year
Occupancy
49.8%
days ÷ bed days
Medicare share of days
3.9%
S-3 cols 6 ÷ 8

Who owns it

  • SBHC HOLDINGS LLC100%
  • SPERRY HOLDCO LLC100%
  • SUMMIT BEHAVIORAL HEALTHCARE LLC100%
  • SUMMIT BEHAVIORAL HOLDINGS I LLC100%
  • SUMMIT BEHAVIORAL HOLDINGS LLC100%
  • PSC SPERRY BUYER LLC96%

Related organizations on its own cost report: SUMMIT BEHAVIOR (100%), mgmt svc.

Other hospitals with the same owner: Peak View Behaviorial Health (CO), Eagle View Behavioral Health (IA), Peak Behavioral Health Services (NM), Raleigh Oaks Behavioral Health (NC), Creekside Behavioral Health (TN), Palms Behavioral Health (TX), The Pavilion at Williamsburg Place (VA), Highland Hospital (WV), Willow Creek Behavioral Health (WI), Miramont Behavioral Health (WI).

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 344030. 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 July 14, 2026.