Southern Indiana Rehab Hospital
New Albany, Floyd County, IN · CCN 153037
Composite
63.3
rank score
Distress
66
FY2024
Fit
84
vs thesis
Estimated ticket
$11.1M–$44.2M
40 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
- margin slipping
- 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 | $17.7M |
| Operating margin | -0.9% |
| Total margin | -0.8% |
| Days cash on hand | 0 |
| Current ratio | 0.63 |
| Occupancy | 67% |
Facility
| Beds | 40 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $276K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 38 | $19.0M | $1 | -3.2% | 0.0% | 53 | 1.36 | 65% | 760 | 50 |
| 2022 | 40 | $18.9M | $-1 | -7.9% | -0.0% | 5 | 0.21 | 70% | 747 | 77 |
| 2023 | 40 | $16.0M | $2 | -6.8% | 0.0% | 1 | 0.75 | 64% | 748 | 72 |
| 2024 | 40 | $17.7M | $-148K | -0.9% | -0.8% | 0 | 0.63 | 67% | 808 | 66 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.