Clearsky Rehab Hospital Of Avondale
Avondale, Maricopa County, AZ
· CCN 033046
Licensed to Clearsky Rehabilitation Hospital Of West Valley Llc
Composite
74.5
rank score
Distress
97
FY2024
Fit
78
vs thesis
Estimated ticket
$6.8M–$27.3M
30 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- small ticket — deploys little of the available capital
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $4.7M |
| Operating margin | -76.2% |
| Total margin | -75.9% |
| Days cash on hand | 0 |
| Current ratio | 0.44 |
| Occupancy | 37% |
Facility
| Beds | 30 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $228K |
| Per-bed (high) | $910K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 30 | $4.7M | $-3.5M | -76.2% | -75.9% | 0 | 0.44 | 37% | 211 | 97 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Clearsky Health Acquisition Llc | 5% or greater direct ownership interest | 100 | 2020-07 | |
| Clearsky Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2020-07 | |
| Clearsky Health Intermediate Llc | 5% or greater indirect ownership interest | 100 | 2020-07 | |
| Bw Clearsky Aiv Iv Lp | 5% or greater indirect ownership interest | 45 | 2023-11 | |
| Peloton Clearsky Inc | 5% or greater indirect ownership interest | 45 | 2023-11 | |
| Bw Aiv Iv Direct Feeder Lp | 5% or greater indirect ownership interest | 35 | 2023-11 | |
| Peloton Clearsky Llc | 5% or greater indirect ownership interest | 22 | 2023-11 | |
| Peloton Equity Ii Lp | 5% or greater indirect ownership interest | 22 | 2023-11 | |
| Bw Clearsky Aiv Iv C Corp | 5% or greater indirect ownership interest | 9 | 2023-11 | |
| Bw Clearsky Aiv Iv Indirect Feeder Lp | 5% or greater indirect ownership interest | 9 | 2023-11 | |
| Leavitt Equity Partners Ii Lp | 5% or greater indirect ownership interest | 6 | 2023-11 | |
| Clearsky Employee Holdings-A, Llc | 5% or greater indirect ownership interest | 5 | 2023-11 | |
| Amy Hansen | w-2 managing employee | 2024-02 | ||
| Claude Brockette | corporate officer | 2020-09 | ||
| Jeremy Kogler | corporate officer | 2020-09 | ||
| Kristi Duncan | corporate officer | 2020-09 | ||
| Michael Warrington | corporate officer | 2024-12 | ||
| Sheryl Gentile | corporate officer | 2020-09 | ||
| Theodore Lundberg | corporate officer | 2020-09 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.