West Tennessee Healthcare Rehabilita
dba West Tennessee Healthcare Rehabilitation Hospital Cane Creek, A Partne ·
Martin, Weakley County, TN
· CCN 443030
Licensed to West Tennessee Rehabilitation Hospital, Llc
Composite
36.4
rank score
Distress
15
FY2024
Fit
74
vs thesis
Estimated ticket
$2.6M–$5.2M
40 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- 30-60 days cash on hand
- rural — cheaper but limited density
- specialty facility — narrower problem scope
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $17.5M |
| Operating margin | 28.5% |
| Total margin | 28.8% |
| Days cash on hand | 54 |
| Current ratio | 5.86 |
| Occupancy | 71% |
Facility
| Beds | 40 |
| Facility type | RH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $65.0K |
| Per-bed (high) | $130K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 40 | $14.9M | $3.7M | 24.6% | 24.5% | 75 | 3.80 | 64% | 783 | 10 |
| 2022 | 40 | $15.0M | $3.5M | 23.0% | 23.1% | 57 | 3.18 | 65% | 797 | 17 |
| 2023 | 40 | $16.1M | $3.9M | 23.9% | 24.2% | 93 | 4.16 | 68% | 824 | 4 |
| 2024 | 40 | $17.5M | $5.1M | 28.5% | 28.8% | 54 | 5.86 | 71% | 880 | 15 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Encompass Health Corporation | 5% or greater indirect ownership interest | 50 | 2017-07 | |
| Encompass Health Joint Ventures Holdings, Llc | 5% or greater indirect ownership interest | 50 | 2017-07 | |
| Encompass Health West Tennessee Holdings, Llc | 5% or greater direct ownership interest | 50 | 2017-07 | |
| Jackson Madison County General Hospital | 5% or greater direct ownership interest | 50 | 2017-07 | |
| Vanguard Group Inc | 5% or greater indirect ownership interest | 10 | 2024-12 | |
| Carey Mcrae | corporate officer | 2025-01 | ||
| Jonathan Mcanulty | w-2 managing employee | 2020-04 | ||
| Mark Tarr | operational/managerial control | 2017-01 | ||
| Robert Mccallum | corporate officer | 2024-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2017-07-01 | change of ownership | West Tennessee Rehabilitation... | Rebound Llc |
Who has been buying in TN
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 |
|---|---|---|---|---|
| 2017-07-01 | West Tennessee Rehabilitation Hospital, Llc | Rebound Llc | West Tennessee Healthcare Rehabilita | 40 |