Marlton Rehab Hospital
dba Kessler Institute For Rehabilitation ·
Marlton, Burlington County, NJ
· CCN 313032
Licensed to Kessler Institute For Rehabilitation Inc
Composite
39.1
rank score
Distress
15
FY2023
Fit
81
vs thesis
Estimated ticket
$19.8M–$79.3M
61 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- current ratio below 0.8
- 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 | $41.1M |
| Operating margin | 13.5% |
| Total margin | 14.5% |
| Days cash on hand | — |
| Current ratio | 0.77 |
| Occupancy | 96% |
Facility
| Beds | 61 |
| 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 | 61 | $30.0M | $1.2M | 3.7% | 3.9% | — | 0.32 | 78% | 1,203 | 17 |
| 2021 | 61 | $37.6M | $5.2M | 13.9% | 14.0% | — | 0.85 | 93% | 1,465 | 11 |
| 2022 | 61 | $38.4M | $3.7M | 9.5% | 9.7% | — | 0.95 | 93% | 1,481 | 11 |
| 2023 | 61 | $41.1M | $5.9M | 13.5% | 14.5% | — | 0.77 | 96% | 1,573 | 15 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kessler Rehabilitation Corporation | 5% or greater direct ownership interest | 100 | 2016-11 | |
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2016-11 | |
| Select Medical Corporation | operational/managerial control | 100 | 2016-11 | |
| John Duggan | corporate officer | 2025-09 | ||
| John Duggan | corporate director | 2025-09 | ||
| John Saich | corporate officer | 2025-09 | ||
| Kenneth Turley | corporate officer | 2020-11 | ||
| Kenneth Turley | w-2 managing employee | 2020-11 | ||
| Kenneth Turley | operational/managerial control | 2020-11 | ||
| 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
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2016-11-01 | change of ownership | Kessler Institute For... | 92 Brick Road Operating Company Llc |
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 |