Denver Rehabilitation Hospital Llc
dba Reunion Rehabilitation Hospital Denver ·
Denver, Crawford County, CO
· CCN 063036
Licensed to Denver Rehabilitation Hospital Llc
Composite
61.2
rank score
Distress
64
FY2023
Fit
81
vs thesis
Estimated ticket
$11.1M–$44.2M
40 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- liabilities exceed 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 · FY2023
| Net patient revenue | $16.5M |
| Operating margin | -5.3% |
| Total margin | -5.1% |
| Days cash on hand | 10 |
| Current ratio | 1.28 |
| Occupancy | 63% |
Facility
| Beds | 40 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $276K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 40 | $8.9M | $-1.2M | -13.4% | -13.3% | 31 | 1.88 | 57% | 438 | 68 |
| 2022 | 40 | $14.1M | $-806K | -5.8% | -5.7% | 25 | 1.69 | 58% | 713 | 63 |
| 2023 | 40 | $16.5M | $-849K | -5.3% | -5.1% | 10 | 1.28 | 63% | 770 | 64 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Nobis Rehabilitation Partners, Llc | operational/managerial control | 100 | 2023-04 | |
| Reunion Hospital Holdings, Llc | 5% or greater direct ownership interest | 100 | 2023-04 | |
| Pensa Nuwind, Llc | 5% or greater direct ownership interest | 22 | 2023-04 | |
| Mandola, Inc | 5% or greater indirect ownership interest | 22 | 2023-04 | |
| Kai' Ohu Amg, Inc. | 5% or greater indirect ownership interest | 19 | 2023-04 | |
| Michael Bennett | 5% or greater indirect ownership interest | 19 | 2023-04 | |
| David Moore | 5% or greater indirect ownership interest | 7 | 2023-04 | |
| Chester Crouch | corporate officer | 2019-08 | ||
| Karen Schepis | corporate director | 2023-05 | ||
| Kevin Loh | 5% or greater indirect ownership interest | 2023-04 | ||
| Margie Crawley | corporate director | 2023-05 | ||
| Thomas Stranz | w-2 managing employee | 2025-11 | ||
| Tracey Nixon | corporate officer | 2019-08 |
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 |