Kansas Rehabilitation Hospital A Jo
dba Kansas Rehabilitation Hospital, A Joint Venture Of Encompass Health An ·
Topeka, Shawnee County, KS
· CCN 173025
Licensed to Kansas Rehabilitation Hospital Inc
Composite
58.4
rank score
Distress
63
FY2023
Fit
75
vs thesis
Estimated ticket
$15.7M–$63.0M
57 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin negative
- total margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 70% of assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $19.1M |
| Operating margin | -4.4% |
| Total margin | 0.5% |
| Days cash on hand | 0 |
| Current ratio | 0.45 |
| Occupancy | 63% |
Facility
| Beds | 57 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 57 | $19.0M | $1.2M | 4.3% | 6.0% | 31 | 1.74 | 64% | 1,122 | 17 |
| 2021 | 57 | $19.8M | $1.3M | 5.3% | 6.3% | 26 | 1.68 | 66% | 1,152 | 27 |
| 2022 | 57 | $18.8M | $114K | -2.0% | 0.6% | 0 | 0.79 | 64% | 1,052 | 59 |
| 2023 | 57 | $19.1M | $105K | -4.4% | 0.5% | 0 | 0.45 | 63% | 1,068 | 63 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Continental Medical Systems Llc | 5% or greater direct ownership interest | 60 | 1987-06 | |
| Encompass Health Corporation | 5% or greater indirect ownership interest | 60 | 1997-10 | |
| Stormont-Vail Inc | 5% or greater direct ownership interest | 40 | 1987-06 | |
| Vanguard Group Inc | 5% or greater indirect ownership interest | 6 | 2023-12 | |
| Blackrock Inc | 5% or greater indirect ownership interest | 5 | 2023-12 | |
| Andrew Price | corporate officer | 2009-11 | ||
| Barry Muniger | w-2 managing employee | 2022-02 | ||
| Douglas Coltharp | corporate officer | 2010-06 | ||
| Edmund Ball | corporate officer | 2021-01 | ||
| Edmund Fay | corporate officer | 2008-05 | ||
| John Darby | corporate officer | 2016-02 | ||
| John Wilson | corporate officer | 2017-01 | ||
| Mark Tarr | corporate officer | 2017-01 | ||
| Melanie Lewis | corporate officer | 2021-08 | ||
| Robert Mccallum | corporate officer | 2011-11 | ||
| Robert Wisner | corporate officer | 2003-11 | ||
| Stephen Leasure | corporate officer | 2020-01 | ||
| Thomas Boyle | corporate officer | 2020-10 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in KS
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2020-03-16 | Recover-Care Meadowbrook Rehabilitation Llc | Pinnacle Health Facilities Xviii Lp | Meadowbrook Rehabilitation Hospital | 56 |