Lawrence Rehab Hospital
dba Lawrence Rehabilitation Hospital ·
Lawrenceville, Mercer County, NJ
· CCN 313027
Licensed to Lawrence Operator Llc
Already transacted. CMS recorded an ownership change effective
2023-02-01. Confirm the current owner before spending a call on this.
Composite
14.8
rank score
Distress
27
FY2023
Fit
75
vs thesis
Estimated ticket
$19.5M–$78.0M
60 beds ·
within envelope
Ownership
nonprofit
RH
Why it ranks here
- operating margin below -10%
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- moderate occupancy
- nonprofit — expect AG conversion review
- changed ownership 2023-02-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $24.9M |
| Operating margin | -27.1% |
| Total margin | 29.5% |
| Days cash on hand | 316 |
| Current ratio | 8.52 |
| Occupancy | 49% |
Facility
| Beds | 60 |
| Facility type | RH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 | 60 | $19.0M | $-2.7M | -33.4% | -12.0% | 0 | 1.01 | 53% | 575 | 80 |
| 2021 | 60 | $20.1M | $-3.0M | -22.7% | -13.8% | 0 | 0.65 | 43% | 683 | 97 |
| 2023 | 60 | $24.9M | $13.3M | -27.1% | 29.5% | 316 | 8.52 | 49% | 647 | 27 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Quinto Nexgen Llc | 5% or greater direct ownership interest | 79 | 2023-02 | |
| Tryko Nexgen Holdings Llc | 5% or greater indirect ownership interest | 57 | 2023-02 | |
| Yr Nexgen Tr | 5% or greater indirect ownership interest | 28 | 2023-02 | |
| Nfr 2020 Irrv Tr | 5% or greater indirect ownership interest | 22 | 2023-02 | |
| Rsbrmk Holdings Llc | 5% or greater indirect ownership interest | 22 | 2023-02 | |
| Ukr Nexgen Llc | 5% or greater direct ownership interest | 20 | 2023-02 | |
| Uak 2020 Irrv Tr | 5% or greater indirect ownership interest | 20 | 2023-02 | |
| Sk Nexgen Tr | 5% or greater indirect ownership interest | 14 | 2023-02 | |
| Yk Nexgen Tr | 5% or greater indirect ownership interest | 14 | 2023-02 | |
| Mindee Posen | corporate officer | 2023-02 | ||
| Synovous Bank, National Association | 5% or greater security interest | 2023-02 | ||
| Thomas Boyle | corporate director | 2023-02 | ||
| Thomas Boyle | w-2 managing employee | 2023-02 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2023-02-01 | change of ownership | Lawrence Operator Llc | Morris Hall St Lawrence Inc |
Who has been buying in NJ
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 |
|---|---|---|---|---|
| 2023-02-01 | Lawrence Operator Llc | Morris Hall St Lawrence Inc | Lawrence Rehab Hospital | 60 |
| 2016-11-01 | Kessler Institute For Rehabilitation Inc | 92 Brick Road Operating Company Llc | Marlton Rehab Hospital | 61 |