Hillside Hospital
dba Insight Rehabilitation Hospital Hillside ·
Warren, Trumbull County, OH
· CCN 363026
Licensed to Insight Foundation Of Hillside
Already transacted. CMS recorded an ownership change effective
2024-10-30. Confirm the current owner before spending a call on this.
Composite
19.3
rank score
Distress
51
FY2023
Fit
80
vs thesis
Estimated ticket
$18.0M–$71.8M
65 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin negative
- current ratio below 0.8
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- thin occupancy
- for-profit — no charitable conversion review
- changed ownership 2024-10-30 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $20.7M |
| Operating margin | -0.4% |
| Total margin | 4.2% |
| Days cash on hand | — |
| Current ratio | -0.61 |
| Occupancy | 43% |
Facility
| Beds | 65 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $276K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 65 | $24.8M | $3.7M | 12.7% | 14.7% | 0 | -0.33 | 58% | 1,003 | 38 |
| 2021 | 65 | $23.9M | $3.4M | 12.8% | 13.9% | 0 | -0.19 | 54% | 876 | 38 |
| 2022 | 65 | $23.3M | $3.1M | 7.1% | 12.5% | 0 | -0.13 | 52% | 820 | 38 |
| 2023 | 65 | $20.7M | $907K | -0.4% | 4.2% | — | -0.61 | 43% | 709 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Atif Bawahab | corporate officer | 2024-10 | ||
| Atif Bawahab | corporate director | 2024-10 | ||
| Atiq Nakrawala | corporate officer | 2024-10 | ||
| Atiq Nakrawala | corporate director | 2024-10 | ||
| Baseer Tajuddin | corporate officer | 2024-10 | ||
| Baseer Tajuddin | corporate director | 2024-10 | ||
| Firdaus Foundation | operational/managerial control | 2024-10 | ||
| Jawad Shah | corporate director | 2024-10 | ||
| Mohammed Shah Akram Khan | w-2 managing employee | 2024-10 | ||
| Robin Cole | w-2 managing employee | 2024-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-10-30 | change of ownership | Insight Foundation Of Hillside | Steward Hillside... |
Who has been buying in OH
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 |
|---|---|---|---|---|
| 2024-10-30 | Insight Foundation Of Hillside | Steward Hillside Rehabilitation... | Hillside Hospital | 65 |
| 2023-03-28 | Ohrh, Llc | Dublin Rehabilitation Hospital, Llc | Ohiohealth Rehabilitation Hospital | 114 |
| 2023-03-01 | Crh Of Cincinnati Llc | Everest Rehabilitation Hospital... | Liberty Rehabilitation Hospital | 36 |