Anderson Rehabilitation Hospital
dba Anderson Rehabilitation Institute ·
Edwardsville, Madison County, IL
· CCN 143029
Licensed to Anderson Rehabilitation Institute, Llc
Composite
37.2
rank score
Distress
20
FY2023
Fit
70
vs thesis
Estimated ticket
$11.1M–$44.2M
34 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- 30-60 days cash on hand
- current ratio under 1.5
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- small ticket — deploys little of the available capital
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $15.0M |
| Operating margin | 13.6% |
| Total margin | 14.2% |
| Days cash on hand | 45 |
| Current ratio | 1.08 |
| Occupancy | 59% |
Facility
| Beds | 34 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $325K |
| Per-bed (high) | $1.3M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 34 | $2.6M | $-1.2M | -46.9% | -46.3% | 66 | 0.62 | 34% | 138 | 78 |
| 2022 | 34 | $11.0M | $503K | 4.2% | 4.6% | 37 | 0.77 | 45% | 510 | 40 |
| 2023 | 34 | $15.0M | $2.1M | 13.6% | 14.2% | 45 | 1.08 | 59% | 682 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anderson Hospital | 5% or greater direct ownership interest | 60 | 2021-07 | |
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 40 | 2021-12 | |
| Knd Irf Development 14, Llc | 5% or greater direct ownership interest | 40 | 2021-07 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 40 | 2021-12 | |
| Lifepoint Rehab Blocker Llc | 5% or greater indirect ownership interest | 40 | 2022-12 | |
| Lifepoint Rehab Blocker Parent Llc | 5% or greater indirect ownership interest | 40 | 2022-12 | |
| Lifepoint Rehab Llc | 5% or greater indirect ownership interest | 40 | 2021-12 | |
| Brian Samberg | corporate director | 2021-07 | ||
| Chc Management Services Llc | operational/managerial control | 2021-07 | ||
| Donna Flannery | corporate director | 2021-07 | ||
| Keith Page | corporate director | 2021-07 | ||
| Lisa Spencer | corporate director | 2021-07 | ||
| Marcus Poppell | other | 2021-12 | ||
| Mark Krassinger | corporate director | 2021-08 | ||
| Melissa Newbold Welge | corporate officer | 2021-07 | ||
| Melissa Newbold Welge | operational/managerial control | 2021-07 | ||
| Michael Marshall | corporate director | 2021-07 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.