dealflow
envelope $200M

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Rehabilitation Hospital Of The North

dba Rehabilitation Hospital Of The Northwest · Post Falls, Kootenai County, ID · CCN 133027
Licensed to Rehabilitation Hospital Of The Northwest Llc

Composite
56.8
rank score
Distress
45
FY2024
Fit
75
vs thesis
Estimated ticket
$9.8M–$39.0M
30 beds · within envelope
Ownership
for-profit
PE 6y

Why it ranks here

  • under 30 days cash on hand
  • current ratio below 0.8
  • debt above 85% of assets
  • margin deteriorating
  • PE-owned 6 years — approaching exit window
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • small but workable bed count
  • small ticket — deploys little of the available capital
  • strong occupancy — good iteration surface
  • for-profit — no charitable conversion review

Latest financials · FY2024

Net patient revenue$17.6M
Operating margin 8.3%
Total margin 9.7%
Days cash on hand 0
Current ratio 0.02
Occupancy91%

Facility

Beds30
Facility typeRH
Settingurban
Ownership classfor-profit
Per-bed (low) $325K
Per-bed (high) $1.3M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 30 $15.5M $2.0M 10.9% 12.8% 0 0.02 93% 704 47
2022 30 $15.9M $2.0M 10.3% 12.1% 10 0.02 93% 675 43
2023 30 $17.9M $2.4M 12.8% 13.5% 0 0.02 94% 695 43
2024 30 $17.6M $1.7M 8.3% 9.7% 0 0.02 91% 718 45

Owners

OwnerRole%SinceType
Epoch Acquisition Inc
New York, NY
5% or greater indirect ownership interest 75 2018-10
Epoch Midco, Inc
New York, NY
5% or greater indirect ownership interest 75 2018-10
Epoch Parent Holdings Llc
New York, NY
5% or greater indirect ownership interest 75 2018-10
Epoch Parent Inc
New York, NY
5% or greater indirect ownership interest 75 2018-10
Ernest Health Holdings Llc
Mesquite, TX
5% or greater indirect ownership interest 75 2012-10
Rehabilitation Hospital Of The Northwest Holdings Llc
Mesquite, TX
5% or greater direct ownership interest 75 2012-10
Capital One Na
Mc Lean, VA
5% or greater security interest 71 2018-10
One Equity Partners Vii Lp
New York, NY
5% or greater indirect ownership interest 44 2018-10 PE
Mpt Of Post Falls, Llc
Birmingham, AL
5% or greater security interest 28 2019-01
Kootenai Health, Inc.
Coeur D'alene, ID
5% or greater direct ownership interest 25 2012-10
One Equity Partners Vii-A Lp
New York, NY
5% or greater indirect ownership interest 22 2018-10 PE
One Equity Partners Vii-B Lp
New York, NY
5% or greater indirect ownership interest 9 2018-10 PE
David Cox corporate officer 2020-02
David Cox w-2 managing employee 2020-02
Denise Kann corporate officer 2023-06
Denise Kann corporate director 2012-02
Ernest Health, Inc
Mesquite, TX
other 2012-10
Eudora Cannon other 2023-06
Jacob Socha corporate officer 2018-10
Jacob Socha other 2023-06
Timothy Swartz corporate director 2022-05
Virginia Brunette corporate director 2012-10

Ownership changes

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