dealflow
envelope $200M

← Targets

St Catherines Rehab Hospital

dba St Catherine's Rehabilitation Hospital · North Miami, Miami-Dade County, FL · CCN 103026
Licensed to Villa Maria Nursing & Rehabilitation Center

Composite
58.5
rank score
Distress
54
FY2023
Fit
86
vs thesis
Estimated ticket
$16.6M–$66.3M
60 beds · within envelope
Ownership
nonprofit
RH

Why it ranks here

  • operating margin -10% to -5%
  • total margin negative
  • 30-60 days cash on hand
  • occupancy 45-60%
  • margin deteriorating sharply
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • bed count in the target band
  • ticket size somewhat below the envelope
  • moderate occupancy
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$36.2M
Operating margin -7.5%
Total margin -2.7%
Days cash on hand 56
Current ratio 3.88
Occupancy46%

Facility

Beds60
Facility typeRH
Settingurban
Ownership classnonprofit
Per-bed (low) $276K
Per-bed (high) $1.1M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 60 $38.2M $4.3M -8.3% 9.3% 165 4.45 56% 801 24
2021 60 $36.6M $-2.0M -15.3% -4.9% 83 4.08 45% 642 52
2022 60 $38.4M $1.7M -12.4% 3.8% 89 4.96 49% 619 40
2023 60 $36.2M $-1.0M -7.5% -2.7% 56 3.88 46% 497 54

Owners

OwnerRole%SinceType
Archdiocese Of Miami Inc
Miami Shores, FL
5% or greater indirect ownership interest 100 1995-01
Villa Maria Nursing & Rehabilitation Center
North Miami, FL
5% or greater direct ownership interest 100 1966-02
Aristides Pallin contracted managing employee 2021-10
Aristides Pallin corporate officer 2021-10
Catholic Health Services Inc
Lauderdale, FL
operational/managerial control 1995-01
David D'amico contracted managing employee 2011-08
Jaime Gonzalez w-2 managing employee 2007-02

Ownership changes

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