Mercy Iowa City Rehabilitation Hospi
dba Eastern Iowa Rehabilitation Hospital, Llc ·
Coralville, Johnson County, IA
· CCN 163026
Licensed to Eastern Iowa Rehabilitation Hospital, Llc
Composite
67.6
rank score
Distress
90
FY2023
Fit
63
vs thesis
Estimated ticket
$9.1M–$36.4M
40 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- 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
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $7.6M |
| Operating margin | -43.7% |
| Total margin | -43.1% |
| Days cash on hand | 18 |
| Current ratio | -0.21 |
| Occupancy | 26% |
Facility
| Beds | 40 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $228K |
| Per-bed (high) | $910K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 40 | $3.5M | $-1.7M | -47.2% | -47.0% | 47 | 0.36 | 27% | 185 | 88 |
| 2021 | 40 | $8.8M | $-1.3M | -15.4% | -14.8% | 64 | 0.48 | 35% | 475 | 81 |
| 2022 | 40 | $8.3M | $-2.2M | -26.2% | -26.0% | 35 | 0.18 | 30% | 407 | 91 |
| 2023 | 40 | $7.6M | $-3.3M | -43.7% | -43.1% | 18 | -0.21 | 26% | 398 | 90 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 100 | 2021-12 | chain |
| Lifepoint Rehab Blocker Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Lifepoint Rehab Blocker Parent Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Lifepoint Rehab Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Lpnt Development 7 Llc | 5% or greater direct ownership interest | 100 | 2018-07 | |
| Charlotte Lawrence | corporate officer | 2024-07 | ||
| Chc Management Services Llc | operational/managerial control | 2018-07 | ||
| Christopher Monte | corporate officer | 2024-07 | ||
| John Grooms | corporate officer | 2024-07 | ||
| Joseph Fuller | corporate officer | 2024-07 | ||
| Marcus Poppell | other | 2021-12 | ||
| Martin Mann | corporate officer | 2024-07 | ||
| Robin Honomichl | w-2 managing employee | 2024-05 | ||
| Russell Bailey | corporate officer | 2024-07 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.