Encompass Health Rehabilitation Hosp
dba Encompass Health Rehabilitation Hospital Of Braintree ·
Braintree, Norfolk County, MA
· CCN 223027
Licensed to Encompass Health Rehabilitation Hospital Of Braintree, Llc
Composite
34.4
rank score
Distress
2
FY2024
Fit
79
vs thesis
Estimated ticket
$60.8M–$243M
187 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- occupancy 45-60%
- 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 uses the capital envelope well
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $77.8M |
| Operating margin | 20.4% |
| Total margin | 20.9% |
| Days cash on hand | 254 |
| Current ratio | 6.27 |
| Occupancy | 59% |
Facility
| Beds | 187 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 187 | $64.1M | $10.9M | 16.5% | 16.9% | 150 | 8.75 | 54% | 2,574 | 7 |
| 2022 | 187 | $70.6M | $14.4M | 20.0% | 20.4% | 238 | 5.80 | 59% | 2,792 | 2 |
| 2023 | 187 | $73.5M | $14.8M | 19.6% | 20.1% | 266 | 7.08 | 58% | 3,042 | 2 |
| 2024 | 187 | $77.8M | $16.3M | 20.4% | 20.9% | 254 | 6.27 | 59% | 3,098 | 2 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Encompass Health Acquisition Holdings Llc | 5% or greater indirect ownership interest | 100 | 2015-10 | |
| Encompass Health Acquisition Holdings Subsidiary, Llc | 5% or greater direct ownership interest | 100 | 2015-10 | |
| Encompass Health Corporation | 5% or greater indirect ownership interest | 100 | 2015-10 | chain |
| Encompass Health Owned Hospitals Holdings Llc | 5% or greater indirect ownership interest | 100 | 2015-10 | |
| Truist Bank | 5% or greater security interest | 100 | 2026-03 | |
| Reliant Blocker Corporation | 5% or greater indirect ownership interest | 15 | 2015-10 | |
| 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 | ||
| Encompass Health Corporation | operational/managerial control | 2015-10 | chain | |
| Mark Tarr | operational/managerial control | 2017-01 | ||
| Robert Mccallum | corporate officer | 2025-01 | ||
| Timothy Lynch | w-2 managing employee | 2026-05 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.