The Neuromedical Center Rehab
Baton Rouge, LA
· CCN 193090
Licensed to The Neuro Medical Center Rehabilitation Hospital
Composite
36.8
rank score
Distress
15
FY2023
Fit
75
vs thesis
Estimated ticket
$8.8M–$35.1M
27 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- 30-60 days cash on hand
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- 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 | $10.5M |
| Operating margin | 14.1% |
| Total margin | 15.6% |
| Days cash on hand | 41 |
| Current ratio | 7.41 |
| Occupancy | 83% |
Facility
| Beds | 27 |
| 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 | 27 | $9.2M | $1.4M | 13.1% | 15.0% | 121 | 14.04 | 77% | 467 | 4 |
| 2021 | 27 | $9.6M | $1.8M | 8.5% | 17.1% | 35 | 7.00 | 82% | 505 | 17 |
| 2022 | 27 | $10.2M | $1.4M | 13.0% | 13.5% | 43 | 8.99 | 87% | 509 | 17 |
| 2023 | 27 | $10.5M | $1.7M | 14.1% | 15.6% | 41 | 7.41 | 83% | 484 | 15 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sherry Mix | w-2 managing employee | 100 | 2019-01 | |
| N.m.c. Rehabilitation Company, Llc | 5% or greater direct ownership interest | 67 | 2003-11 | |
| Sherry Mix | corporate officer | 50 | 2018-01 | |
| Daniel Brown | 5% or greater indirect ownership interest | 27 | 2015-07 | |
| Rehab Holding Services Llc | 5% or greater direct ownership interest | 27 | 2015-07 | |
| Daniel Brown | operational/managerial control | 2015-07 | ||
| Rehab Holding Services Llc | operational/managerial control | 2015-07 |
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 LA
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 |
|---|---|---|---|---|
| 2024-01-01 | Rosemill Llc | United Medical Healthcare Inc | United Medical Rehabilitation Hospit | 40 |