dealflow
envelope $200M

← Targets

U Of L Rehab Hospital

dba Uofl Health, Frazier Rehabilitation Hospital - Brownsboro · Louisville, Jefferson County, KY · CCN 183032
Licensed to Rehabilitation Hospital Of Louisville East Llc

Composite
51.2
rank score
Distress
58
FY2023
Fit
63
vs thesis
Estimated ticket
$11.1M–$44.2M
40 beds · within envelope
Ownership
for-profit
RH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • 90-150 days cash on hand
  • occupancy below 30%
  • 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$3.0M
Operating margin -55.7%
Total margin -55.7%
Days cash on hand 93
Current ratio 1.60
Occupancy27%

Facility

Beds40
Facility typeRH
Settingurban
Ownership classfor-profit
Per-bed (low) $276K
Per-bed (high) $1.1M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2023 40 $3.0M $-1.7M -55.7% -55.7% 93 1.60 27% 153 58

Owners

OwnerRole%SinceType
Uofl Health Rehabilitation Hospital Llc
Louisville, KY
5% or greater direct ownership interest 51 2023-07
Dsb Acquisition Llc
New York, NY
5% or greater indirect ownership interest 49 2023-07
Lifepoint Health Inc
Brentwood, TN
5% or greater indirect ownership interest 49 2023-07
Lifepoint Rehab Blocker Llc
Brentwood, TN
5% or greater indirect ownership interest 49 2023-07
Lifepoint Rehab Blocker Parent Llc
Brentwood, TN
5% or greater indirect ownership interest 49 2023-07
Lifepoint Rehab Llc
Brentwood, TN
5% or greater indirect ownership interest 49 2023-07
Lpnt Irf Development 54, Llc
Brentwood, TN
5% or greater direct ownership interest 49 2023-07
Chc Management Services Llc
Brentwood, TN
operational/managerial control 2023-07
Daniel Hudson corporate director 2023-07
David Stark corporate director 2023-07
Erika Mcgimsey corporate director 2023-07
Joseph Fuller corporate director 2023-07
Karen Young corporate officer 2023-07
Karen Young w-2 managing employee 2023-07
Marcus Poppell operational/managerial control 2023-07
Naomi Roberts corporate director 2023-08
Thomas Miller corporate director 2023-07

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.

DateBuyerSellerHospitalBeds
2019-01-01 Encompass Health Rehabilitation... Encompass Health Rehabilitation... Encompass Health Rehabilitation Hosp 40