dealflow
envelope $200M

← Targets

Saint Alphonsus Regional Rehabilitat

dba Saint Alphonsus Regional Rehabilitation Hospital, An Affiliate Of Enco · Boise, Ada County, ID · CCN 133028
Licensed to Saint Alphonsus Regional Rehabilitation Hospital Llc

Composite
35.9
rank score
Distress
9
FY2023
Fit
75
vs thesis
Estimated ticket
$13.0M–$52.0M
40 beds · within envelope
Ownership
for-profit
RH

Why it ranks here

  • 60-90 days cash on hand
  • part of a multi-hospital chain — divestiture candidate
  • 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 · FY2023

Net patient revenue$23.8M
Operating margin 16.9%
Total margin 23.3%
Days cash on hand 70
Current ratio 1.86
Occupancy85%

Facility

Beds40
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 40 $19.8M $2.7M 13.3% 13.6% 0 2.06 86% 1,015 22
2022 40 $22.7M $3.9M 16.5% 17.3% 54 2.36 85% 973 17
2023 40 $23.8M $6.0M 16.9% 23.3% 70 1.86 85% 1,031 9

Owners

OwnerRole%SinceType
Encompass Health Boise Holdings Llc
Birmingham, AL
5% or greater direct ownership interest 51 2018-01
Encompass Health Corporation
Birmingham, AL
5% or greater indirect ownership interest 51 2018-01 chain
Encompass Health Joint Ventures Holdings, Llc
Birmingham, AL
5% or greater indirect ownership interest 51 2018-01
Saint Alphonsus Diversified Care Inc.
Boise, ID
5% or greater direct ownership interest 49 2018-01
Saint Alphonsus Health System Inc
Boise, ID
5% or greater indirect ownership interest 49 2018-01
Saint Alphonsus Regional Medical Center Inc
Boise, ID
5% or greater indirect ownership interest 49 2018-01
Trinity Health Corporation
Boise, ID
5% or greater indirect ownership interest 49 2018-01
Vanguard Group Inc
Malvern, PA
5% or greater indirect ownership interest 5 2023-12
Carey Mcrae corporate officer 2025-01
Encompass Health Corporation operational/managerial control 2019-04 chain
John Griffin w-2 managing employee 2023-08
Mark Tarr operational/managerial control 2017-01
Robert Mccallum corporate officer 2024-10

Ownership changes

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