Pathway Rehabilitation Hospital Llc
Bossier City, LA · CCN 193094
Composite
51.2
rank score
Distress
57
FY2023
Fit
64
vs thesis
Estimated ticket
$4.1M–$16.6M
15 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin negative
- total margin under 2%
- under 30 days cash on hand
- liabilities exceed assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $7.1M |
| Operating margin | -2.0% |
| Total margin | 1.6% |
| Days cash on hand | 9 |
| Current ratio | 1.75 |
| Occupancy | 72% |
Facility
| Beds | 15 |
| 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 | 24 | $6.6M | $1.7M | 7.7% | 21.6% | 85 | 4.46 | 53% | 348 | 20 |
| 2021 | 24 | $5.3M | $591K | -7.9% | 9.4% | 33 | 3.92 | 44% | 279 | 56 |
| 2022 | 15 | $5.7M | $144K | -7.4% | 2.3% | 3 | 1.44 | 46% | 299 | 61 |
| 2023 | 15 | $7.1M | $121K | -2.0% | 1.6% | 9 | 1.75 | 72% | 326 | 57 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |