dealflow
envelope $200M

← Targets

Emory Rehabilitation Hospital

Atlanta, GA · CCN 113031
Licensed to Es Rehabilitation Llc

Composite
55.8
rank score
Distress
48
FY2024
Fit
86
vs thesis
Estimated ticket
$18.2M–$72.8M
56 beds · within envelope
Ownership
nonprofit
RH

Why it ranks here

  • operating margin under 2%
  • under 30 days cash on hand
  • current ratio below 0.8
  • 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
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$30.8M
Operating margin 1.7%
Total margin 3.2%
Days cash on hand 0
Current ratio -9.14
Occupancy77%

Facility

Beds56
Facility typeRH
Settingurban
Ownership classnonprofit
Per-bed (low) $325K
Per-bed (high) $1.3M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 56 $32.4M $3.7M 11.4% 11.4% 0 -1.92 76% 1,028 36
2022 56 $29.8M $940K 3.2% 3.2% 0 -8.50 57% 1,022 38
2023 56 $30.3M $742K 2.4% 2.4% 0 -4.20 76% 845 36
2024 56 $30.8M $999K 1.7% 3.2% 0 -9.14 77% 1,063 48

Owners

OwnerRole%SinceType
Emory Healthcare Inc
Atlanta, GA
5% or greater indirect ownership interest 51 2014-06
Emory Rehabilitation Llc
Atlanta, GA
5% or greater direct ownership interest 51 2014-06
Emory University
Atlanta, GA
5% or greater indirect ownership interest 51 2014-06
Hospital Holdings Corporation
Mechanicsburg, PA
5% or greater direct ownership interest 49 2014-06
Select Medical Corporation
Mechanicsburg, PA
5% or greater indirect ownership interest 49 2014-06
Select Specialty Hospitals Inc
Mechanicsburg, PA
5% or greater indirect ownership interest 49 2014-06
Brian Williams corporate director 2022-02
Carla Cashio corporate director 2025-08
Carla Cashio w-2 managing employee 2025-08
Catherine Maloney corporate director 2014-06
David Burke corporate director 2014-06
Debra Caloiaro corporate director 2022-02
Renee Hinson contracted managing employee 2022-06
Thomas Cook corporate director 2022-02

Ownership changes

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