Rehabilitation Hospital Of Northern
dba Rehabilitation Hospital Of Northern Arizona ·
Flagstaff, Coconino County, AZ
· CCN 033041
Licensed to Rehabilitation Hospital Of Northern Arizona Llc
Composite
63.0
rank score
Distress
39
FY2024
Fit
86
vs thesis
Estimated ticket
$13.0M–$52.0M
40 beds ·
within envelope
Ownership
for-profit
PE 6y
REIT
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- PE-owned 6 years — approaching exit window
- REIT-encumbered — sale-leaseback, rent obligation attached
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $20.4M |
| Operating margin | 15.6% |
| Total margin | 16.5% |
| Days cash on hand | 0 |
| Current ratio | 0.01 |
| Occupancy | 82% |
Facility
| Beds | 40 |
| 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 | 40 | $12.3M | $-550K | -11.9% | -4.2% | 8 | 0.03 | 55% | 587 | 89 |
| 2022 | 40 | $15.3M | $482K | 2.1% | 3.1% | 7 | 0.03 | 64% | 643 | 47 |
| 2023 | 40 | $18.1M | $2.1M | 10.3% | 11.5% | 4 | 0.02 | 74% | 722 | 47 |
| 2024 | 40 | $20.4M | $3.4M | 15.6% | 16.5% | 0 | 0.01 | 82% | 847 | 39 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Epoch Acquisition Inc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Epoch Midco, Inc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Epoch Parent Holdings Llc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Epoch Parent Inc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Ernest Health Holdings Llc | 5% or greater direct ownership interest | 100 | 2017-12 | |
| One Equity Partners Vii Lp | 5% or greater indirect ownership interest | 58 | 2018-10 | PE |
| Medical Properties Trust, Inc. | 5% or greater indirect ownership interest | 49 | 2017-12 | REIT |
| One Equity Partners Vii-A Lp | 5% or greater indirect ownership interest | 30 | 2018-10 | PE |
| One Equity Partners Vii-B Lp | 5% or greater indirect ownership interest | 12 | 2018-10 | PE |
| Caleb Reed | corporate officer | 2023-06 | ||
| Denise Kann | corporate officer | 2023-06 | ||
| Ernest Health, Inc | other | 2017-12 | ||
| Eudora Cannon | corporate officer | 2023-06 | ||
| Eudora Cannon | other | 2023-06 | ||
| Jacob Socha | corporate officer | 2023-06 | ||
| Jon Cook | w-2 managing employee | 2021-06 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.