Encompass Health Rehabilitation Hosp
dba Encompass Health Rehabilitation Hospital Of North Alabama ·
Huntsville, Madison County, AL
· CCN 013029
Licensed to Rehabilitation Hospital Of North Alabama, Llc
Composite
38.8
rank score
Distress
10
FY2024
Fit
81
vs thesis
Estimated ticket
$27.6M–$110M
85 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- 90-150 days cash on hand
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $44.1M |
| Operating margin | 13.3% |
| Total margin | 13.3% |
| Days cash on hand | 104 |
| Current ratio | 4.90 |
| Occupancy | 98% |
Facility
| Beds | 85 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $325K |
| Per-bed (high) | $1.3M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 70 | $33.5M | $5.8M | 17.2% | 17.3% | 58 | 2.99 | 95% | 1,802 | 17 |
| 2022 | 85 | $34.6M | $3.2M | 14.5% | 9.7% | 60 | 2.77 | 95% | 1,871 | 10 |
| 2023 | 85 | $42.1M | $7.6M | 17.9% | 18.0% | 121 | 5.51 | 96% | 2,220 | 4 |
| 2024 | 85 | $44.1M | $5.9M | 13.3% | 13.3% | 104 | 4.90 | 98% | 2,368 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Barclays Bank Plc | 5% or greater security interest | 100 | 2020-12 | |
| Encompass Health Corporation | 5% or greater indirect ownership interest | 100 | 2019-01 | chain |
| Encompass Health Owned Hospitals Holdings Llc | 5% or greater direct ownership interest | 100 | 2019-01 | |
| Vanguard Group Inc | 5% or greater indirect ownership interest | 10 | 2023-12 | |
| Blackrock Inc | 5% or greater indirect ownership interest | 9 | 2023-12 | |
| Invesco Ltd | 5% or greater indirect ownership interest | 5 | 2024-12 | |
| Brent Mills | w-2 managing employee | 2022-06 | ||
| Carey Mcrae | operational/managerial control | 2025-01 | ||
| Carey Mcrae | other | 2025-01 | ||
| Encompass Health Corporation | operational/managerial control | 2019-01 | chain | |
| Mark Tarr | operational/managerial control | 2017-01 | ||
| Robert Mccallum | operational/managerial control | 2025-01 | ||
| Robert Mccallum | other | 2025-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-06-01 | change of ownership | Rehabilitation Hospital Of... | Rebound Llc |
Who has been buying in AL
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2019-06-01 | Rehabilitation Hospital Of North... | Rebound Llc | Encompass Health Rehabilitation Hosp | 85 |