Midamerica Rehabilitation Hospital
Overland Park, Johnson County, KS
· CCN 173026
Licensed to K.c. Rehabilitation Hospital, Inc.
Composite
63.2
rank score
Distress
67
FY2023
Fit
78
vs thesis
Estimated ticket
$27.1M–$108M
98 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- debt above 70% of assets
- occupancy 45-60%
- margin deteriorating sharply
- 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 · FY2023
| Net patient revenue | $30.8M |
| Operating margin | -6.9% |
| Total margin | -3.2% |
| Days cash on hand | 0 |
| Current ratio | 2.27 |
| Occupancy | 55% |
Facility
| Beds | 98 |
| 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 | 98 | $30.3M | $1.3M | 3.6% | 4.3% | 27 | 2.36 | 56% | 1,578 | 24 |
| 2021 | 98 | $31.8M | $1.7M | 5.1% | 5.4% | 39 | 2.69 | 56% | 1,657 | 19 |
| 2022 | 98 | $30.3M | $500K | -0.1% | 1.6% | 17 | 2.41 | 53% | 1,534 | 48 |
| 2023 | 98 | $30.8M | $-1.0M | -6.9% | -3.2% | 0 | 2.27 | 55% | 1,604 | 67 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Barclays Bank Plc | 5% or greater security interest | 100 | 2025-07 | |
| Continental Medical Systems Llc | 5% or greater direct ownership interest | 100 | 2025-07 | |
| Encompass Health Corporation | 5% or greater indirect ownership interest | 100 | 2025-07 | chain |
| Encompass Health Corporation | operational/managerial control | 100 | 2004-05 | chain |
| Vanguard Group Inc | 5% or greater indirect ownership interest | 10 | 2025-07 | |
| Blackrock, Inc. | 5% or greater indirect ownership interest | 9 | 2025-07 | |
| Invesco Ltd | 5% or greater indirect ownership interest | 5 | 2025-07 | |
| Andrew Price | corporate officer | 2009-11 | ||
| Britni Green | w-2 managing employee | 2025-01 | ||
| Carey Mcrae | corporate officer | 2025-01 | ||
| Carey Mcrae | operational/managerial control | 2025-01 | ||
| Edmund Ball | corporate officer | 2021-01 | ||
| John Wilson | corporate officer | 2017-01 | ||
| Mark Tarr | operational/managerial control | 2017-01 | ||
| Melanie Lewis | corporate officer | 2021-08 | ||
| Robert Mccallum | corporate officer | 2024-10 | ||
| Robert Mccallum | operational/managerial control | 2024-10 | ||
| Thomas Boyle | corporate officer | 2010-05 |
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 |