Encompass Health Rehabilitation Hosp
dba Encompass Health Rehabilitation Hospital Of Lakeland ·
Lakeland, Polk County, FL
· CCN 103050
Licensed to Encompass Health Rehabilitation Hospital Of Lakeland, Llc
Composite
64.9
rank score
Distress
64
FY2023
Fit
86
vs thesis
Estimated ticket
$13.8M–$55.2M
50 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
- margin deteriorating sharply
- 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
- 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 | $17.3M |
| Operating margin | -5.6% |
| Total margin | -5.5% |
| Days cash on hand | 0 |
| Current ratio | 1.01 |
| Occupancy | 62% |
Facility
| Beds | 50 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 50 | $7.0M | $1.4M | 19.5% | 19.6% | 0 | -0.87 | 41% | 352 | 41 |
| 2023 | 50 | $17.3M | $-949K | -5.6% | -5.5% | 0 | 1.01 | 62% | 862 | 64 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Encompass Health Corporation | 5% or greater indirect ownership interest | 100 | 2020-06 | chain |
| Encompass Health Owned Hospitals Holdings Llc | 5% or greater direct ownership interest | 100 | 2020-06 | |
| Truist Bank | 5% or greater security interest | 100 | 2026-03 | |
| Vanguard Group Inc | 5% or greater indirect ownership interest | 10 | 2023-12 | |
| Blackrock Inc | 5% or greater indirect ownership interest | 9 | 2023-12 | |
| Carey Mcrae | operational/managerial control | 2025-01 | ||
| Carey Mcrae | other | 2025-01 | ||
| Encompass Health Corporation | operational/managerial control | 2020-06 | chain | |
| Jonathan Shouse | w-2 managing employee | 2026-02 | ||
| 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.