Encompass Health Rehabilitation Hosp
dba Encompass Health Rehabilitation Hospital Of Northern Kentucky ·
Edgewood, KY
· CCN 183027
Licensed to Encompass Health Rehabilitation Hospital Of Northern Kentucky, Llc
Composite
37.0
rank score
Distress
6
FY2024
Fit
81
vs thesis
Estimated ticket
$23.1M–$92.3M
71 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- margin deteriorating
- 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
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $35.5M |
| Operating margin | 9.7% |
| Total margin | 13.9% |
| Days cash on hand | 158 |
| Current ratio | 8.50 |
| Occupancy | 81% |
Facility
| Beds | 71 |
| 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 | 51 | $26.3M | $4.1M | 14.9% | 15.5% | 68 | 4.00 | 93% | 1,397 | 10 |
| 2021 | 51 | $27.8M | $5.7M | 10.1% | 18.7% | 111 | 5.62 | 95% | 1,408 | 4 |
| 2022 | 71 | $15.4M | $2.2M | 7.6% | 13.3% | 164 | 3.74 | 91% | 780 | 0 |
| 2023 | 71 | $33.5M | $5.6M | 10.4% | 15.8% | 81 | 5.99 | 80% | 1,663 | 10 |
| 2024 | 71 | $35.5M | $5.2M | 9.7% | 13.9% | 158 | 8.50 | 81% | 1,871 | 6 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Encompass Health Corporation | 5% or greater indirect ownership interest | 100 | 1996-12 | chain |
| Encompass Health Owned Hospitals Holdings Llc | 5% or greater direct ownership interest | 100 | 2012-01 | |
| Truist Bank | 5% or greater security interest | 100 | 2026-03 | |
| Vanguard Group Inc | 5% or greater indirect ownership interest | 10 | 2023-12 | |
| Blackrock Inc | 5% or greater indirect ownership interest | 9 | 2023-12 | |
| Carey Mcrae | corporate officer | 2025-01 | ||
| Carey Mcrae | operational/managerial control | 2025-01 | ||
| Encompass Health Corporation | operational/managerial control | 1996-12 | chain | |
| Mark Tarr | operational/managerial control | 2017-01 | ||
| Robert Mccallum | corporate officer | 2025-01 | ||
| Robert Mccallum | operational/managerial control | 2025-01 | ||
| Sheila Terry | w-2 managing employee | 2026-03 |
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 KY
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 |
|---|---|---|---|---|
| 2019-01-01 | Encompass Health Rehabilitation... | Encompass Health Rehabilitation... | Encompass Health Rehabilitation Hosp | 40 |