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Short-term acute care hospital · Manati, Puerto Rico · 262 beds · CMS certification number 400114

Dorado Health Management

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 26, 2026. 29 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$156.2M
$156,231,582 · G-3 line 3
Operating expenses
$156.7M
$156,707,240 · G-3 line 4
Result from patient care
−$476K
−$475,658 · G-3 line 5
Margin on patient care
−0.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $31.9M in its first year on file (1997) to $156.2M in 2025.
  • Its result from patient care: −$2.1M (2023), −$190K (2024), −$476K (2025).
  • None of the 5 short-term acute care hospital peers below with a margin on file reports a loss on patient care for fiscal year 2025.
  • Medicaid paid for 34.6% of its inpatient days and Medicare for 6.4%.
  • JOSE QUIROS holds 76% 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
reopened
$31.9M
$32.9M
1998
settled with audit
$34.4M
$34.2M
1999
reopened
$16.3M
$15.4M
2000
settled with audit
$34.0M
$35.7M
2001
reopened
$38.5M
$38.5M
2002
reopened
$38.9M
$37.6M
2003
settled with audit
$38.1M
$38.8M
2004
settled with audit
$40.2M
$41.9M
2005
reopened
$50.1M
$49.5M
2006
reopened
$55.0M
$56.3M
2007
reopened
$63.8M
$64.0M
2008
reopened
$70.5M
$70.6M
2009
reopened
$78.1M
$77.9M
2010
reopened
$83.1M
$83.4M
2011
reopened
$80.4M
$84.2M
2012
reopened
$88.4M
$88.2M
2013
reopened
$96.2M
$96.4M
2014
settled
$106.0M
$105.8M
2015
reopened
$107.2M
$106.5M
2016
reopened
$111.2M
$110.7M
2017
reopened
$103.6M
$110.1M
2018
reopened
$109.2M
$115.7M
2019
reopened
$115.0M
$118.9M
2020
settled
$95.7M
$111.1M
2021
settled
$115.0M
$121.6M
2022
settled
$129.0M
$130.4M
2023
settled
$134.6M
$136.7M
2024
as submitted
$145.2M
$145.4M
2025
as submitted
$156.2M
$156.7M

Beside its peers

Short-term acute care hospitals in Puerto Rico with 200 to 399 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Dorado Health Management262$156,231,582$156,707,240−0.3%
Doctors Center Hospital, Manati257$115,904,985$109,435,1865.6%
Hospital Episcopal San Lucas II, Ponce336$172,672,220$169,641,2381.8%
Hospital Menonita de Caguas, Caguas240$147,224,943$137,363,9396.7%
Centro Medico Menonita de Cayey, Barrio Rincon244$211,340,238$184,114,29112.9%
Hospital Pavia Caguas, Caguas325$91,945,647$84,930,1057.6%

Patients and payers

Discharges
15,143
S-3 line 14, col 15
Inpatient days
85,549
S-3 line 14, col 8
Beds in use, on an average day
235.0
days ÷ days in year
Occupancy
89.5%
days ÷ bed days
Medicare share of days
6.4%
S-3 cols 6 ÷ 8
Medicaid share of days
34.6%
S-3 cols 7 ÷ 8

Who owns it

  • JOSE QUIROS76%
  • QUIROS INVESTMENT HOLDINGS, LLC76%
  • MD SHAKIL SHAFIQUE33%
  • SAMUEL PADILLA ROSA33%
  • CARLOS DISDIER24%
  • MAYCAR PR INVESTMENTS, LLC24%
  • JOSE QUIROS17%
  • LUIS R ROSA TOLEDO17%

Related organizations on its own cost report: PROVIDENT HEALT (100%); PARK MEDIA (100%).

Other hospitals with the same owner: Bayamon Medical Center (PR), Mayaguez Medical Center DR Ramon Emeterio Betances (PR), Puerto Rico Women and Children S Hospital (PR).

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 400114. 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 26, 2026.