Kindred Hospital Las Vegas
dba Kindred Hospital Las Vegas Sahara Campus ·
Las Vegas, Clark County, NV
· CCN 292002
Licensed to Transitional Hospitals Corporation Of Nevada Llc
Composite
68.0
rank score
Distress
80
FY2024
Fit
80
vs thesis
Estimated ticket
$24.8M–$99.1M
118 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- liabilities exceed assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- 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 · FY2024
| Net patient revenue | $50.5M |
| Operating margin | -17.4% |
| Total margin | -17.0% |
| Days cash on hand | 0 |
| Current ratio | 1.63 |
| Occupancy | 66% |
Facility
| Beds | 118 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 118 | $64.6M | $-7.3M | -11.5% | -11.3% | 0 | 0.55 | 69% | 909 | 91 |
| 2022 | 118 | $59.8M | $-10.0M | -16.9% | -16.6% | 0 | 0.74 | 68% | 748 | 91 |
| 2023 | 118 | $52.3M | $-5.4M | -10.6% | -10.3% | 0 | 0.89 | 67% | 638 | 87 |
| 2024 | 118 | $50.5M | $-8.6M | -17.4% | -17.0% | 0 | 1.63 | 66% | 726 | 80 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kentucky Hospital Holdings Jv Lp | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kentucky Hospital Holdings Llc | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kentucky Hospital Intermediate Llc | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kindred Healthcare Llc | 5% or greater indirect ownership interest | 100 | 1998-03 | |
| Kindred Healthcare Operating Llc | 5% or greater direct ownership interest | 100 | 1998-02 | |
| Knight Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Health Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Allah Wazwaz | w-2 managing employee | 2021-06 | ||
| Dana Rock | corporate officer | 2024-12 | ||
| Deanna Schiavone | corporate officer | 2022-08 | ||
| Johnetta Traylor | corporate officer | 2024-12 | ||
| Linn Billingsley | corporate director | 2025-09 | ||
| Michael Bean | corporate officer | 2004-12 | ||
| Scott Graeser | corporate officer | 2022-08 |
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 NV
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 |
|---|---|---|---|---|
| 2019-09-30 | Pam Specialty Hospital Of Reno Llc | New Lifecare Hospitals Of Northern... | Pam Specialty Hospital Of Reno | 21 |
| 2019-09-30 | Pam Specialty Hospital Of Las Vegas Llc | New Lifecare Hospital At Tenaya Llc | Pam Specialty Hospital Of Las Vegas | 70 |