Encompass Health Rehabilitation Hosp
dba Encompass Health Rehabilitation Hospital Of Cincinnati ·
Cincinnati, OH
· CCN 363034
Licensed to Encompass Health Rehabilitation Hospital Of Cincinnati, Llc
Composite
69.8
rank score
Distress
75
FY2023
Fit
86
vs thesis
Estimated ticket
$22.8M–$91.0M
100 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current liabilities exceed current assets
- debt above 70% of assets
- occupancy 45-60%
- margin deteriorating sharply
- 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
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $27.5M |
| Operating margin | -8.0% |
| Total margin | -4.5% |
| Days cash on hand | 0 |
| Current ratio | 0.97 |
| Occupancy | 52% |
Facility
| Beds | 100 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $228K |
| Per-bed (high) | $910K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 100 | $27.9M | $473K | 0.8% | 1.7% | 40 | 2.73 | 57% | 1,575 | 29 |
| 2021 | 100 | $29.2M | $1.6M | 3.6% | 5.3% | 51 | 2.41 | 57% | 1,583 | 19 |
| 2022 | 100 | $28.7M | $-1.7M | -9.0% | -5.8% | 10 | 1.94 | 57% | 1,541 | 59 |
| 2023 | 100 | $27.5M | $-1.3M | -8.0% | -4.5% | 0 | 0.97 | 52% | 1,434 | 75 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Barclays Bank Plc | 5% or greater security interest | 100 | 2011-05 | |
| Encompass Health Corporation | 5% or greater indirect ownership interest | 100 | 2011-03 | chain |
| Encompass Health Owned Hospitals Holdings Llc | 5% or greater direct ownership interest | 100 | 2011-03 | |
| Vanguard Group Inc | 5% or greater indirect ownership interest | 10 | 2023-12 | |
| Blackrock Inc | 5% or greater indirect ownership interest | 9 | 2023-12 | |
| Carey Mcrae | corporate officer | 2025-01 | ||
| Encompass Health Corporation | operational/managerial control | 2011-03 | chain | |
| Jason Wessell | w-2 managing employee | 2023-06 | ||
| Mark Tarr | operational/managerial control | 2017-01 | ||
| Robert Mccallum | corporate officer | 2024-10 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
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 |