Long-term care hospital · Elizabeth, New Jersey · 76 beds · CMS certification number 312018
The Rehabilitation Hospital at Raritan Bay Medical Center
Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 1, 2026. 21 years on file, every one shown below.
Fiscal 2025 at a glance
What stands out
- Net patient revenue rose from $10.4M in its first year on file (2005) to $28.6M in 2025.
- Its result from patient care: −$1.4M (2023), −$4.9M (2024), −$4.4M (2025).
- 1 of the 5 long-term care hospital peers below with a margin on file also reports a loss on patient care for fiscal year 2025.
- CARE ONE LLC holds 100% of it, on its Medicare enrollment.
Every statement is drawn from figures on this page; nothing is estimated.
21 years of filings
Net patient revenue against operating expenses, each year as filed.
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Beside its peers
Hospitals of the same type (long-term care hospital), nearest in size, from New Jersey first; each on fiscal year 2025.
| Hospital | Beds | Net patient revenue | Operating expenses | Margin |
|---|---|---|---|---|
| The Rehabilitation Hospital at Raritan Bay Medical Center | 76 | $28,636,956 | $33,060,598 | −15.4% |
| Specialty Hospital of Central Jersey, Lakewood | 50 | $25,231,537 | $19,319,210 | 23.4% |
| Kindred Hospital New Jersey Morris County, Dover | 104 | $55,145,369 | $53,271,486 | 3.4% |
| Silver Lake Hospital LTACH, Newark | 63 | $29,632,715 | $37,480,331 | −26.5% |
| Select Specialty Hospital- Northeast New Jersey, Rochelle Park | 62 | $30,517,233 | $29,091,392 | 4.7% |
| Select Specialty Hospital - Willingboro, Willingboro | 69 | $31,617,510 | $27,186,419 | 14.0% |
Patients and payers
- Discharges
- 363S-3 line 14, col 15
- Inpatient days
- 14,700S-3 line 14, col 8
- Beds in use, on an average day
- 40.4days ÷ days in year
- Occupancy
- 53.0%days ÷ bed days
- Medicare share of days
- 51.7%S-3 cols 6 ÷ 8
Who owns it
- CARE ONE LLC100%
- DANIEL E STRAUS38%
- DES HOLDING CO., INC.24%
- DES-C 2009 GRAT21%
Indirect owner: DES 2009 GST TRUST
Related organizations on its own cost report: HEALTHBRIDGE, home office; PARTNER PHARMA, pharmacy.
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 312018. 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 1, 2026.