dealflow
envelope $200M

← Targets

St. John Rehabilitation Hospital An

dba St. John Rehabilitation Hospital, An Affiliate Of Encompass Health · Broken Arrow, Tulsa County, OK · CCN 373034
Licensed to St. John Encompass Health Rehabilitation Hospital, Llc

Composite
34.3
rank score
Distress
0
FY2023
Fit
81
vs thesis
Estimated ticket
$19.5M–$78.0M
60 beds · within envelope
Ownership
for-profit
RH

Why it ranks here

  • 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
  • strong occupancy — good iteration surface
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$31.3M
Operating margin 12.4%
Total margin 17.2%
Days cash on hand 288
Current ratio 13.70
Occupancy98%

Facility

Beds60
Facility typeRH
Settingurban
Ownership classfor-profit
Per-bed (low) $325K
Per-bed (high) $1.3M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 60 $24.0M $3.3M 13.5% 13.7% 51 2.19 78% 1,446 17
2021 60 $29.8M $6.0M 19.2% 20.0% 124 5.91 94% 1,694 4
2022 60 $31.4M $6.4M 16.1% 19.5% 219 9.82 98% 1,754 0
2023 60 $31.3M $5.7M 12.4% 17.2% 288 13.70 98% 1,751 0

Owners

OwnerRole%SinceType
Encompass Health Corporation
Birmingham, AL
5% or greater indirect ownership interest 51 2015-06 chain
Encompass Health Joint Ventures Holdings, Llc
Birmingham, AL
5% or greater indirect ownership interest 51 2015-10
Encompass Health Tulsa Holdings, Llc
Birmingham, AL
5% or greater indirect ownership interest 51 2015-06
Ascension Health
Saint Louis, MO
5% or greater indirect ownership interest 49 2015-06
Ascension Health Alliance
Saint Louis, MO
5% or greater indirect ownership interest 49 2015-06
St John Health Systems Inc
Tulsa, OK
5% or greater indirect ownership interest 49 2015-06
Utica Services Inc
Tulsa, OK
5% or greater direct ownership interest 49 2015-10
Vanguard Group Inc
Malvern, PA
5% or greater indirect ownership interest 5 2023-12
Carey Mcrae operational/managerial control 2025-01
Carey Mcrae other 2025-01
David Nicholas w-2 managing employee 2015-07
Encompass Health Corporation
Birmingham, AL
operational/managerial control 2015-06 chain
Mark Tarr operational/managerial control 2017-01
Robert Mccallum operational/managerial control 2025-01
Robert Mccallum other 2025-01

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 OK

Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.

DateBuyerSellerHospitalBeds
2024-12-10 Okc Rehabilitation, Llc Hcap Venture Group Llc Valir Rehab Hospital 50