National Rehabilitation Hospital
dba Medstar Health Physical Therapy ·
Washington, Dc County, DC
· CCN 093025
Licensed to National Rehabilitation Hospital, Inc
Composite
56.7
rank score
Distress
53
FY2024
Fit
82
vs thesis
Estimated ticket
$37.8M–$151M
137 beds ·
within envelope
Ownership
nonprofit
RH
Why it ranks here
- operating margin -10% to -5%
- total margin under 2%
- under 30 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $173M |
| Operating margin | -8.3% |
| Total margin | 0.3% |
| Days cash on hand | 0 |
| Current ratio | 1.76 |
| Occupancy | 65% |
Facility
| Beds | 137 |
| Facility type | RH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 | 137 | $147M | $17.6M | -2.1% | 10.5% | 60 | 0.83 | 66% | 1,866 | 34 |
| 2022 | 137 | $152M | $-2.0M | -6.5% | -1.3% | 2 | 1.63 | 62% | 1,785 | 52 |
| 2023 | 137 | $164M | $1.8M | -7.2% | 1.0% | 0 | 1.80 | 69% | 1,861 | 48 |
| 2024 | 137 | $173M | $636K | -8.3% | 0.3% | 0 | 1.76 | 65% | 1,972 | 53 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| National Rehabilitation Hospital, Inc | 5% or greater direct ownership interest | 100 | 1999-02 | |
| Cosette Jamieson | corporate director | 2024-01 | ||
| Cristina Aragona | corporate director | 2024-06 | ||
| Cristina Aragona | w-2 managing employee | 2018-09 | ||
| Dawn Sweeney | corporate officer | 2024-06 | ||
| Edward Healton | corporate director | 2024-01 | ||
| Ellen Black | corporate officer | 2024-01 | ||
| Ellen Black | w-2 managing employee | 2020-12 | ||
| James Dinegar | corporate director | 2024-06 | ||
| John Rockwood | corporate director | 2008-03 | ||
| John Rockwood | w-2 managing employee | 2008-03 | ||
| John Rockwood | operational/managerial control | 2010-07 | ||
| Kenneth Samet | corporate director | 2008-03 | ||
| Mark Meginnis | corporate officer | 2024-06 | ||
| Mark Meginnis | w-2 managing employee | 1990-04 | ||
| Medstar Health, Inc. | 5% or greater indirect ownership interest | 1986-02 | ||
| Medstar Health, Inc. | operational/managerial control | 1986-02 | ||
| Melvin Hall | corporate director | 2024-09 | ||
| Renie Freedman | corporate director | 2024-06 | ||
| Stephen Caldeira | corporate director | 2023-01 | ||
| Susan O'mara | corporate director | 2024-06 | ||
| Susan O'mara | w-2 managing employee | 2004-10 | ||
| Thene Martin | corporate director | 2024-06 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.