Meadowbrook Rehabilitation Hospital
Gardner, KS
· CCN 173033
Licensed to Recover-Care Meadowbrook Rehabilitation Llc
Composite
46.8
rank score
Distress
32
FY2023
Fit
81
vs thesis
Estimated ticket
$18.2M–$72.8M
56 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $30.7M |
| Operating margin | 11.8% |
| Total margin | 16.6% |
| Days cash on hand | 2 |
| Current ratio | 0.70 |
| Occupancy | 77% |
Facility
| Beds | 56 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $325K |
| Per-bed (high) | $1.3M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 54 | $12.1M | $85.1K | -4.6% | 0.7% | 23 | 0.96 | 65% | 201 | 58 |
| 2021 | 54 | $19.4M | $2.6M | -5.3% | 11.2% | 1 | 0.97 | 85% | 289 | 53 |
| 2022 | 54 | $23.2M | $690K | 0.7% | 2.9% | 4 | 1.29 | 77% | 416 | 32 |
| 2023 | 56 | $30.7M | $5.4M | 11.8% | 16.6% | 2 | 0.70 | 77% | 237 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Midwest Snf Holdings Llc | 5% or greater indirect ownership interest | 100 | 2023-05 | |
| Kansas Snf Holdings Llc | 5% or greater indirect ownership interest | 50 | 2025-02 | |
| Nzm Holdings Llc | 5% or greater indirect ownership interest | 28 | 2025-02 | |
| Avrohom Goldstein | 5% or greater indirect ownership interest | 22 | 2025-02 | |
| Bhnv 2 Llc | 5% or greater indirect ownership interest | 22 | 2025-02 | |
| Recover-Care Healthcare Llc | 5% or greater indirect ownership interest | 22 | 2025-02 | |
| Zisha Margulies | 5% or greater indirect ownership interest | 22 | 2025-02 | |
| Rarmna Holdings Llc | 5% or greater indirect ownership interest | 17 | 2025-02 | |
| Ratr Trust | 5% or greater indirect ownership interest | 17 | 2025-02 | |
| Mad Family Holdings Llc | 5% or greater indirect ownership interest | 17 | 2025-02 | |
| Natr Trust | 5% or greater indirect ownership interest | 17 | 2025-02 | |
| Rnr Holdings Llc | 5% or greater indirect ownership interest | 17 | 2025-02 | |
| Wetr Trust | 5% or greater indirect ownership interest | 17 | 2025-02 | |
| Kamna Holdings Llc | 5% or greater indirect ownership interest | 5 | 2019-06 | |
| Matthew Tait | operational/managerial control | 2025-02 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-03-16 | change of ownership | Recover-Care Meadowbrook... | Pinnacle Health Facilities Xviii Lp |
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 |