dealflow
envelope $200M

← Targets

Encompass Health Rehabilitation Hosp

dba Encompass Health Rehabilitation Hospital Of Jacksonville · Jacksonville, FL · CCN 103052
Licensed to Encompass Health Rehabilitation Hospital Of Jacksonville, Llc

Composite
68.6
rank score
Distress
75
FY2023
Fit
82
vs thesis
Estimated ticket
$11.4M–$45.5M
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 below 0.8
  • occupancy 45-60%
  • 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
  • moderate occupancy
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$16.7M
Operating margin -5.9%
Total margin -5.6%
Days cash on hand 0
Current ratio 0.48
Occupancy56%

Facility

Beds50
Facility typeRH
Settingurban
Ownership classfor-profit
Per-bed (low) $228K
Per-bed (high) $910K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2022 50 $6.3M $2.4M 38.8% 38.9% 0 -0.62 44% 285 41
2023 50 $16.7M $-944K -5.9% -5.6% 0 0.48 56% 798 75

Owners

OwnerRole%SinceType
Encompass Health Corporation
Birmingham, AL
5% or greater indirect ownership interest 100 2020-07 chain
Encompass Health Owned Hospitals Holdings Llc
Birmingham, AL
5% or greater direct ownership interest 100 2020-07
Truist Bank
Charlotte, NC
5% or greater security interest 100 2026-03
Vanguard Group Inc
Malvern, PA
5% or greater indirect ownership interest 10 2023-12
Blackrock Inc
New York, NY
5% or greater indirect ownership interest 9 2023-12
Carey Mcrae operational/managerial control 2025-01
Carey Mcrae other 2025-01
Encompass Health Corporation
Birmingham, AL
operational/managerial control 2020-07 chain
Mark Tarr operational/managerial control 2020-07
Paula Carlisle w-2 managing employee 2024-03
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.