Encompass Health Rehabilitation Hosp
dba Encompass Health Rehabilitation Hospital Of Western Massachusetts ·
Ludlow, Hampden County, MA
· CCN 223030
Licensed to Encompass Health Rehabilitation Hospital Of Western Massachusetts, Llc
Composite
33.1
rank score
Distress
0
FY2023
Fit
78
vs thesis
Estimated ticket
$17.2M–$68.9M
53 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- 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 · FY2023
| Net patient revenue | $33.6M |
| Operating margin | 21.2% |
| Total margin | 21.5% |
| Days cash on hand | 157 |
| Current ratio | 4.38 |
| Occupancy | 93% |
Facility
| Beds | 53 |
| 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 | 53 | $28.8M | $5.5M | 18.8% | 19.0% | 94 | 3.15 | 91% | 1,303 | 4 |
| 2021 | 53 | $31.6M | $7.4M | 23.1% | 23.3% | 104 | 3.46 | 94% | 1,393 | 4 |
| 2022 | 53 | $31.6M | $6.6M | 20.5% | 20.9% | 88 | 4.68 | 94% | 1,440 | 10 |
| 2023 | 53 | $33.6M | $7.3M | 21.2% | 21.5% | 157 | 4.38 | 93% | 1,481 | 0 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Encompass Health Corporation | 5% or greater direct ownership interest | 100 | 1987-10 | chain |
| 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 | other | 2025-01 | ||
| Encompass Health Corporation | operational/managerial control | 1987-10 | chain | |
| John Hunt | w-2 managing employee | 2016-01 | ||
| Mark Tarr | operational/managerial control | 2017-01 | ||
| Robert Mccallum | corporate officer | 2024-10 | ||
| Robert Mccallum | other | 2025-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.