Ahn Rehabilitation Hospital
dba Atrium Health Navicent Rehabilitation Hopsital ·
Macon, Bibb County, GA
· CCN 113029
Licensed to Central Georgia Rehabilitation
Composite
60.8
rank score
Distress
55
FY2023
Fit
86
vs thesis
Estimated ticket
$16.0M–$64.1M
58 beds ·
within envelope
Ownership
nonprofit
RH
Why it ranks here
- operating margin negative
- total margin -8% to -3%
- under 30 days cash on hand
- 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
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $24.6M |
| Operating margin | -4.1% |
| Total margin | -3.7% |
| Days cash on hand | 0 |
| Current ratio | 5.45 |
| Occupancy | 79% |
Facility
| Beds | 58 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | 58 | $6.7M | $1.7M | 24.8% | 24.9% | 14 | 28.42 | 76% | 282 | 22 |
| 2020 | 58 | $21.6M | $1.9M | 4.8% | 8.5% | 1 | 5.62 | 72% | 1,063 | 22 |
| 2021 | 58 | $22.2M | $1.1M | 3.8% | 4.8% | 15 | 14.56 | 67% | 950 | 22 |
| 2022 | 58 | $23.0M | $257K | 0.2% | 1.1% | 0 | 10.12 | 80% | 1,190 | 32 |
| 2023 | 58 | $24.6M | $-924K | -4.1% | -3.7% | 0 | 5.45 | 79% | 1,186 | 55 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ah Georgia Inc | 5% or greater indirect ownership interest | 100 | 2019-01 | |
| Navicent Health Inc | 5% or greater direct ownership interest | 100 | 2006-09 | |
| The Charlotte-Mecklenburg Hospital Authority | 5% or greater indirect ownership interest | 100 | 2019-01 | chain |
| Adrienne Purdue | corporate director | 2017-10 | ||
| Advocate Health Inc | operational/managerial control | 2022-12 | ||
| Atrium Health Inc | operational/managerial control | 2020-10 | ||
| Cynthia Busbee | corporate director | 2024-05 | ||
| Delvecchio Finley | corporate director | 2021-02 | ||
| Erin Snyder | corporate officer | 2023-10 | ||
| Philip Wheeler | corporate officer | 2025-07 | ||
| Philip Wheeler | w-2 managing employee | 2026-05 | ||
| Robert Larrison | corporate officer | 2023-10 | ||
| Sanford Duke | corporate director | 2020-06 | ||
| Tracey Blalock | corporate director | 2017-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.