Rehabilitation Hospital Of Southern
Las Cruces, Dona Ana County, NM
· CCN 323032
Licensed to Rehabilitation Hospital Of Southern New Mexico, Inc
Composite
54.1
rank score
Distress
39
FY2023
Fit
75
vs thesis
Estimated ticket
$13.0M–$52.0M
40 beds ·
within envelope
Ownership
for-profit
PE 5y
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- PE-owned 5 years — approaching exit window
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $22.3M |
| Operating margin | 15.0% |
| Total margin | 15.3% |
| Days cash on hand | 0 |
| Current ratio | 0.03 |
| Occupancy | 88% |
Facility
| Beds | 40 |
| 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 | 40 | $18.7M | $2.5M | 3.3% | 12.2% | 2 | 0.04 | 87% | 837 | 43 |
| 2021 | 40 | $19.9M | $4.6M | 21.8% | 23.0% | 7 | 0.04 | 85% | 844 | 43 |
| 2022 | 40 | $20.9M | $3.4M | 13.0% | 15.7% | 1 | 0.03 | 87% | 857 | 43 |
| 2023 | 40 | $22.3M | $3.4M | 15.0% | 15.3% | 0 | 0.03 | 88% | 885 | 39 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Epoch Acquisition Inc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Epoch Midco, Inc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Epoch Parent Holdings Llc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Epoch Parent Inc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Ernest Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2012-02 | |
| Ernest Health, Inc | 5% or greater direct ownership interest | 100 | 2012-02 | |
| Mpt Of Las Cruces Llc | 5% or greater security interest | 84 | 2020-12 | |
| One Equity Partners Vii Lp | 5% or greater indirect ownership interest | 58 | 2018-10 | PE |
| One Equity Partners Vii-A Lp | 5% or greater indirect ownership interest | 30 | 2018-10 | PE |
| Capital One Na | 5% or greater security interest | 16 | 2018-10 | |
| One Equity Partners Vii-B Lp | 5% or greater indirect ownership interest | 12 | 2018-10 | PE |
| Caleb Reed | corporate officer | 2023-06 | ||
| Denise Kann | corporate officer | 2023-06 | ||
| Ernest Health, Inc | other | 2018-10 | ||
| Eudora Cannon | corporate officer | 2023-06 | ||
| Eudora Cannon | other | 2023-06 | ||
| Jacob Socha | corporate officer | 2023-06 | ||
| Sabrina Martin | w-2 managing employee | 2009-08 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.