Denver Regional Rehabilitation Hospi
Thorton, Adams County, CO
· CCN 063035
Licensed to Denver Regional Rehabilitation Hospital Llc
Composite
58.2
rank score
Distress
49
FY2023
Fit
81
vs thesis
Estimated ticket
$10.1M–$40.3M
31 beds ·
within envelope
Ownership
for-profit
PE 3y
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- margin deteriorating sharply
- PE-owned 3 years
- 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 · FY2023
| Net patient revenue | $13.4M |
| Operating margin | 7.5% |
| Total margin | 7.6% |
| Days cash on hand | 0 |
| Current ratio | 0.03 |
| Occupancy | 83% |
Facility
| Beds | 31 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 31 | $12.8M | $6.2M | 47.2% | 47.8% | 135 | 1.57 | 89% | 740 | 4 |
| 2021 | 31 | $13.6M | $1.8M | 11.6% | 13.2% | 456 | 23.41 | 88% | 707 | 0 |
| 2022 | 31 | $12.5M | $-732K | -6.1% | -5.8% | 3 | 4.03 | 79% | 602 | 61 |
| 2023 | 31 | $13.4M | $1.0M | 7.5% | 7.6% | 0 | 0.03 | 83% | 637 | 49 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Capital One Na | 5% or greater security interest | 100 | 2020-07 | |
| Epoch Acquisition Inc | 5% or greater indirect ownership interest | 100 | 2020-07 | |
| Epoch Midco, Inc | 5% or greater indirect ownership interest | 100 | 2020-07 | |
| Epoch Parent Holdings Llc | 5% or greater indirect ownership interest | 100 | 2020-07 | |
| Epoch Parent Inc | 5% or greater indirect ownership interest | 100 | 2020-07 | |
| Ernest Health Holdings Llc | 5% or greater direct ownership interest | 100 | 2020-07 | |
| One Equity Partners Vii Lp | 5% or greater indirect ownership interest | 58 | 2020-07 | PE |
| One Equity Partners Vii-A Lp | 5% or greater indirect ownership interest | 30 | 2020-07 | PE |
| One Equity Partners Vii-B Lp | 5% or greater indirect ownership interest | 12 | 2020-07 | PE |
| Caleb Reed | corporate officer | 2023-06 | ||
| Christine Duhon | w-2 managing employee | 2024-08 | ||
| Denise Kann | corporate officer | 2023-06 | ||
| Ernest Health, Inc | other | 2020-07 | ||
| Eudora Cannon | corporate officer | 2023-06 | ||
| Eudora Cannon | other | 2023-06 | ||
| Jacob Socha | corporate officer | 2023-06 |
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 CO
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 |
|---|---|---|---|---|
| 2018-11-01 | Encompass Pahs Rehabilitation Hospital, Llc | Encompass Health Rehabilitation... | Encompass Health Rehabilitation Hosp | 60 |