dealflow
envelope $200M

← Targets

Dignity Health Rehabilitation Hospit

dba Dignity Health Rehabilitation Hospital · Henderson, Clark County, NV · CCN 293035
Licensed to Dignity Select Nevada Llc

Composite
51.1
rank score
Distress
32
FY2024
Fit
87
vs thesis
Estimated ticket
$19.5M–$78.0M
60 beds · within envelope
Ownership
for-profit
RH

Why it ranks here

  • under 30 days cash on hand
  • current ratio below 0.8
  • 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 · FY2024

Net patient revenue$45.5M
Operating margin 12.4%
Total margin 13.7%
Days cash on hand 0
Current ratio 0.30
Occupancy90%

Facility

Beds60
Facility typeRH
Settingurban
Ownership classfor-profit
Per-bed (low) $325K
Per-bed (high) $1.3M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 60 $29.0M $2.7M 7.1% 9.1% 0 0.58 73% 1,090 43
2022 60 $37.1M $4.1M 10.5% 10.9% 0 1.24 85% 1,396 30
2023 60 $41.4M $5.2M 12.1% 12.5% 0 0.79 89% 1,486 36
2024 60 $45.5M $6.3M 12.4% 13.7% 0 0.30 90% 1,563 32

Owners

OwnerRole%SinceType
Eagle Rehab Corporation
Mechanicsburg, PA
5% or greater indirect ownership interest 100 2019-05
Pacific Rehabilitation & Sports Medicine Inc
Mechanicsburg, PA
5% or greater indirect ownership interest 100 2019-05
Physiotherapy Associates Holdings Inc
Mechanicsburg, PA
5% or greater indirect ownership interest 100 2019-05
Physiotherapy Corporation
Mechanicsburg, PA
5% or greater indirect ownership interest 100 2019-05
Select Medical Corporation
Mechanicsburg, PA
operational/managerial control 100 2019-04 chain
Pr Acquisition Corporation
Mechanicsburg, PA
5% or greater indirect ownership interest 80 2019-05
Select Medical Corporation
Mechanicsburg, PA
5% or greater indirect ownership interest 51 2019-04 chain
Select Nevada Holdings, Inc.
Mechanicsburg, PA
5% or greater direct ownership interest 51 2019-05
Select Physical Therapy Holdings Inc
Mechanicsburg, PA
5% or greater direct ownership interest 51 2019-04
Select Specialty Hospitals Inc
Mechanicsburg, PA
5% or greater indirect ownership interest 51 2019-04
Victoria Healthcare Inc
Mechanicsburg, PA
5% or greater indirect ownership interest 51 2019-04
Dignity Health
Phoenix, AZ
5% or greater direct ownership interest 49 2019-04
Physiotherapy Associates Inc
Mechanicsburg, PA
5% or greater indirect ownership interest 20 2019-05
John Duggan corporate officer 2019-04
John Duggan corporate director 2025-09
John Saich corporate officer 2025-09
Kenneth Bell corporate officer 2021-01
Kenneth Bell w-2 managing employee 2021-01
Kenneth Bell operational/managerial control 2021-01
Michael Malatesta corporate officer 2025-09
Robert Breighner w-2 managing employee 2025-09
Robert Kido corporate officer 2025-09
Thomas Mullin corporate officer 2025-09

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.