Tulsa Rehabilitation Hospital
dba Nobis Rehabilitation Partners, Llc ·
Tulsa, Tulsa County, OK
· CCN 373037
Licensed to Tulsa Rehabilitation Hospital, Llc
Composite
51.6
rank score
Distress
48
FY2024
Fit
75
vs thesis
Estimated ticket
$13.0M–$52.0M
40 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- debt above 85% of assets
- 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 · FY2024
| Net patient revenue | $18.4M |
| Operating margin | -2.2% |
| Total margin | -2.1% |
| Days cash on hand | 14 |
| Current ratio | 2.41 |
| Occupancy | 75% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 40 | $12.8M | $-902K | -7.1% | -7.0% | 24 | 3.07 | 62% | 688 | 64 |
| 2024 | 40 | $18.4M | $-385K | -2.2% | -2.1% | 14 | 2.41 | 75% | 902 | 48 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Nobis Rehabilitation Partners, Llc | operational/managerial control | 100 | 2023-06 | |
| Saint Francis Health System Inc | 5% or greater indirect ownership interest | 51 | 2023-06 | |
| Saint Francis Hospital, Inc. | 5% or greater direct ownership interest | 51 | 2023-06 | |
| Nkd Rehab, Llc | 5% or greater direct ownership interest | 49 | 2023-06 | |
| Nobis Hospital Investments, Llc | 5% or greater indirect ownership interest | 49 | 2025-07 | |
| Nobis Rehabilitation Holdings, Llc | 5% or greater indirect ownership interest | 49 | 2025-07 | |
| Kennor Cross Opco | 5% or greater indirect ownership interest | 25 | 2025-07 | |
| Chester Crouch | corporate officer | 2022-06 | ||
| Dawn Watts | w-2 managing employee | 2025-06 | ||
| Karen Schepis | corporate officer | 2022-05 | ||
| Margie Crawley | corporate director | 2021-08 | ||
| Tracey Nixon | corporate officer | 2022-06 |
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.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2024-12-10 | Okc Rehabilitation, Llc | Hcap Venture Group Llc | Valir Rehab Hospital | 50 |