Source: March 9, 2015 Read More →

Public Notice

PETERSON REHABILITATION HOSPITAL
AND GERIATRIC CENTER
HOMESTEAD AVENUE WHEELING, WV 26003
PHONE: (304) 234-0500
FAX: (304) 234-0591

BALANCE SHEET
FOR YEAR ENDING DECEMBER 31, 2013-2014

CURRENT ASSETS: 2013 2014
Cash and cash equivalents $1,846,174 $2,026,670
Accounts Receivable 4,299,017 3,890,285
Inventories, prepaid expenses
and deposits 372,765 219,466
TOTAL CURRENT ASSETS 6,517,956 6,136,421
FIXED ASSETS:
Land, Buildings & Equipment,
net of depreciation 798,320 843,524
TOTAL ASSETS 7,316,276 6,979,944

Payables and Accrued Interest 2,764,408 2,236,644
Accrued Payroll and Benefits 819,101 623,394
Tax Payable — —
TOTAL CURRENT
LIABILITIES 3,583,509 2,860,037
LONG-TERM DEBT — —
STOCKHOLDERS EQUITY 3,732,767 4,119,907
TOTAL LIABILITIES
AND STOCKHOLDERS
EQUITY 7,316,276 6,979,944

STATEMENT OF REVENUES & EXPENSES
FOR YEAR ENDING DECEMBER 31, 2013 – 2014

REVENUES: 2013 2014
Net patient Service Revenue 22,951,215 23,020,057
Non Operating Revenue 93,379 34,602
TOTAL REVENUE 23,044,594 23,054,659

EXPENSES:
Salaries and Benefits 6,952,367 7,609,064
Medical Supplies and Drugs 7,898,016 6,835,604
Insurance and Other 297,258 378,770
Depreciation and Amortization 147,679 147,570
Rent 3,128,429 3,206,640
Interest 0 0
TOTAL EXPENSES 18,423,749 18,177,648

Income before Provision
for Tax 4,620,845 4,877,010
Provision for Tax 10,766 1,357,085
NET INCOME 4,610,079 3,519,925

STATEMENT OF CHANGES IN
RETAINED EARNING
FOR YEAR ENDING DECEMBER 31, 2013 – 2014

Beginning Retained Earnings 4,203,067 3,659,307
NET INCOME
YEAR-TO-DATE (543,760) 387,139
ENDING RETAINED
EARNINGS 3,659,307 4,046,446

Statement of Ownership:
Capital Stock –
Guardian Elder Care at Wheeling, LLC, a West Virginia Corporation dba Peterson Rehabilitation Hospital and Geriatric Center is owned 100{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} by its Sole Member Guardian LTC Management Inc., a Pennsylvania Corporation.

The contents of this advertisement along with other reports and admissions, shall be available for public inspection and copying at the office of the West Virginia Health Authority, 100 Dee Drive, Charleston, WV 25311, during normal Business hours 9:00 a.m. to 5:00 p.m., Monday-Friday or inquiries in writing to Brian Rendos, CFO, 8796 Route 219, VSI Brockway, PA 15824.
Int., March 9, 2015

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