dealflow
envelope $200M

← Targets

Encompass Health Rehabilitation Hosp

dba Encompass Health Rehabilitation Hospital Of Jonesboro · Jonesboro, Craighead County, AR · CCN 043029
Licensed to Encompass Health Rehabilitation Hospital Of Jonesboro, Llc

Composite
36.1
rank score
Distress
4
FY2023
Fit
81
vs thesis
Estimated ticket
$26.0M–$104M
80 beds · within envelope
Ownership
for-profit
RH

Why it ranks here

  • 90-150 days cash on hand
  • 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 · FY2023

Net patient revenue$37.4M
Operating margin 30.0%
Total margin 30.8%
Days cash on hand 143
Current ratio 2.52
Occupancy91%

Facility

Beds80
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
2020 80 $28.6M $7.6M 26.2% 26.3% 95 1.79 77% 1,713 9
2021 80 $35.0M $10.6M 30.2% 30.3% 75 1.95 89% 1,923 18
2022 80 $36.3M $10.2M 27.9% 28.1% 76 2.05 91% 1,916 14
2023 80 $37.4M $11.6M 30.0% 30.8% 143 2.52 91% 1,960 4

Owners

OwnerRole%SinceType
Continental Medical Systems Llc
Birmingham, AL
5% or greater indirect ownership interest 50 2013-02
Encompass Health Corporation
Birmingham, AL
5% or greater indirect ownership interest 50 2013-02 chain
Encompass Health Corporation
Birmingham, AL
operational/managerial control 50 2013-02 chain
Encompass Health Jonesboro Holdings, Inc.
Birmingham, AL
5% or greater direct ownership interest 50 2013-02
St Bernards Healthcare Inc
Jonesboro, AR
5% or greater indirect ownership interest 50 2013-02
St Bernards Hospital Inc.
Jonesboro, AR
5% or greater direct ownership interest 50 2013-02
Vanguard Group Inc
Malvern, PA
5% or greater indirect ownership interest 5 2023-12
Bradley Oglevie w-2 managing employee 2024-06
Carey Mcrae operational/managerial control 2025-01
Carey Mcrae other 2025-01
Mark Tarr operational/managerial control 2017-01
Robert Mccallum operational/managerial control 2025-01
Robert Mccallum other 2025-01

Ownership changes

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

Who has been buying in AR

Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.

DateBuyerSellerHospitalBeds
2023-03-01 Crh Of Bentonville Llc Everest Rehabilitation Hospital... Rogers Rehabilitation Hospital 36