Community Rehabilitation Hospital We
dba Community Rehabilitation Hospital West ·
Brownsburg, Hendricks County, IN
· CCN 153050
Licensed to Community Health Network Rehabilitation Hospital West Llc
Composite
59.8
rank score
Distress
69
FY2023
Fit
72
vs thesis
Estimated ticket
$11.1M–$44.2M
40 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 90-150 days cash on hand
- current ratio under 1.5
- debt above 85% of assets
- occupancy below 30%
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $4.4M |
| Operating margin | -59.1% |
| Total margin | -59.0% |
| Days cash on hand | 94 |
| Current ratio | 1.46 |
| Occupancy | 27% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 40 | $4.4M | $-2.6M | -59.1% | -59.0% | 94 | 1.46 | 27% | 181 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Community Health Network Inc | 5% or greater direct ownership interest | 51 | 2023-05 | |
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 49 | 2023-05 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 49 | 2023-05 | |
| Lifepoint Rehab Blocker Llc | 5% or greater indirect ownership interest | 49 | 2023-05 | |
| Lifepoint Rehab Blocker Parent Llc | 5% or greater indirect ownership interest | 49 | 2023-05 | |
| Lifepoint Rehab Llc | 5% or greater indirect ownership interest | 49 | 2023-05 | |
| Lpnt Irf Development 53, Llc | 5% or greater direct ownership interest | 49 | 2023-05 | |
| Angela Dunst | corporate director | 2023-05 | ||
| Catherine Middleton | corporate officer | 2023-05 | ||
| Catherine Middleton | w-2 managing employee | 2023-05 | ||
| David Stark | corporate director | 2023-05 | ||
| Holly Millard | corporate director | 2023-05 | ||
| James Ransom | corporate director | 2023-06 | ||
| Jason Fahrlander | corporate director | 2023-05 | ||
| Marcus Poppell | operational/managerial control | 2023-05 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.