dealflow
envelope $200M

← Targets

Encompass Health Rehabilitation Inst

dba Encompass Health Rehabilitation Institute Of Libertyville · Libertyville, Lake County, IL · CCN 143031
Licensed to Encompass Health Rehabilitation Hospital Of Libertyville, Llc

Composite
61.7
rank score
Distress
65
FY2024
Fit
76
vs thesis
Estimated ticket
$16.6M–$66.3M
60 beds · within envelope
Ownership
for-profit
RH

Why it ranks here

  • operating margin negative
  • total margin negative
  • under 30 days cash on hand
  • current ratio below 0.8
  • liabilities exceed assets
  • occupancy 45-60%
  • 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
  • moderate occupancy
  • for-profit — no charitable conversion review

Latest financials · FY2024

Net patient revenue$19.7M
Operating margin -3.0%
Total margin -1.4%
Days cash on hand 0
Current ratio -1.06
Occupancy53%

Facility

Beds60
Facility typeRH
Settingurban
Ownership classfor-profit
Per-bed (low) $276K
Per-bed (high) $1.1M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2023 60 $14.7M $-2.9M -19.9% -19.6% 0 -1.54 35% 722 97
2024 60 $19.7M $-277K -3.0% -1.4% 0 -1.06 53% 908 65

Owners

OwnerRole%SinceType
Encompass Health Corporation
Birmingham, AL
5% or greater indirect ownership interest 100 2019-07 chain
Encompass Health Owned Hospitals Holdings Llc
Birmingham, AL
5% or greater direct ownership interest 100 2019-07
Truist Bank
Charlotte, NC
5% or greater security interest 100 2026-03
Vanguard Group Inc
Malvern, PA
5% or greater indirect ownership interest 10 2023-12
Blackrock Inc
New York, NY
5% or greater indirect ownership interest 9 2023-12
Carey Mcrae corporate officer 2025-01
Encompass Health Corporation
Birmingham, AL
operational/managerial control 2021-11 chain
Gemma Fletcher 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.