dealflow
envelope $200M

← Targets

Reunion Rehabilitation Hospital Peor

dba Pensa Nuwind, Llc · Peoria, Maricopa County, AZ · CCN 033045
Licensed to Reunion Rehabilitation Hospital Peoria, Llc

Composite
54.0
rank score
Distress
44
FY2024
Fit
86
vs thesis
Estimated ticket
$13.0M–$52.0M
40 beds · within envelope
Ownership
for-profit
RH

Why it ranks here

  • operating margin under 2%
  • total margin under 2%
  • under 30 days cash on hand
  • current liabilities exceed current assets
  • debt above 85% of assets
  • 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$16.5M
Operating margin 1.6%
Total margin 1.8%
Days cash on hand 26
Current ratio 0.91
Occupancy61%

Facility

Beds40
Facility typeRH
Settingurban
Ownership classfor-profit
Per-bed (low) $325K
Per-bed (high) $1.3M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2023 40 $2.0M $-1.4M -73.8% -73.8% 74 0.71 26% 103 88
2024 40 $16.5M $294K 1.6% 1.8% 26 0.91 61% 728 44

Owners

OwnerRole%SinceType
Nobis Rehabilitation Partners, Llc
Lucas, TX
operational/managerial control 100 2023-01
Reunion Hospital Holdings, Llc
Dallas, TX
5% or greater direct ownership interest 100 2023-01
Kevin Loh 5% or greater indirect ownership interest 22 2023-01
Pensa Nuwind, Llc
Honolulu, HI
5% or greater indirect ownership interest 22 2023-01
Mandola International Limited, Llc
Honolulu, HI
5% or greater indirect ownership interest 22 2026-03
Mandola, Inc
Honolulu, HI
5% or greater indirect ownership interest 22 2026-03
Merit Gala Limited, Inc.
Honolulu, HI
5% or greater indirect ownership interest 22 2026-03
Kai' Ohu Amg, Inc.
Honolulu, HI
5% or greater indirect ownership interest 19 2023-01
Michael Bennett 5% or greater indirect ownership interest 19 2023-01
Miu King Leung 5% or greater indirect ownership interest 11 2026-03
Shu Wing Leung 5% or greater indirect ownership interest 11 2026-03
David Moore 5% or greater indirect ownership interest 7 2023-01
Chester Crouch corporate officer 2023-01
Shawn Mccallum w-2 managing employee 2023-01
Tracey Nixon corporate officer 2023-01

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.