Encompass Health Rehabilitation Hosp
dba Encompass Health Rehabilitation Hospital Of San Antonio ·
San Antonio, Bexar County, TX
· CCN 453031
Licensed to Encompass Health Rehabilitation Hospital Of San Antonio, Inc.
Composite
65.2
rank score
Distress
58
FY2024
Fit
93
vs thesis
Estimated ticket
$29.8M–$119M
108 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin negative
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- TX: favorable regulatory climate
- 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 · FY2024
| Net patient revenue | $30.8M |
| Operating margin | -2.1% |
| Total margin | 3.1% |
| Days cash on hand | 0 |
| Current ratio | 0.33 |
| Occupancy | 48% |
Facility
| Beds | 108 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 108 | $26.8M | $3.1M | 11.4% | 11.5% | 0 | 0.01 | 47% | 1,428 | 38 |
| 2022 | 108 | $31.2M | $1.0M | 0.6% | 3.3% | 0 | 0.11 | 51% | 1,603 | 44 |
| 2023 | 108 | $30.4M | $199K | -4.9% | 0.6% | 0 | -0.09 | 50% | 1,545 | 57 |
| 2024 | 108 | $30.8M | $992K | -2.1% | 3.1% | 0 | 0.33 | 48% | 1,489 | 58 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Encompass Health Corporation | 5% or greater indirect ownership interest | 100 | 1993-12 | chain |
| Encompass Health Owned Hospitals Holdings Llc | 5% or greater direct ownership interest | 100 | 2014-10 | |
| Truist Bank | 5% or greater security interest | 100 | 2026-03 | |
| Vanguard Group Inc | 5% or greater indirect ownership interest | 10 | 2023-12 | |
| Blackrock Inc | 5% or greater indirect ownership interest | 9 | 2023-12 | |
| Andrew Meade | w-2 managing employee | 2018-12 | ||
| Andrew Price | corporate officer | 2009-11 | ||
| Carey Mcrae | corporate officer | 2025-01 | ||
| Craig Funk | corporate officer | 2025-01 | ||
| Douglas Coltharp | corporate officer | 2010-05 | ||
| Edmund Ball | corporate officer | 2021-01 | ||
| Edmund Fay | corporate officer | 2008-05 | ||
| Encompass Health Corporation | operational/managerial control | 1993-12 | chain | |
| John Darby | corporate officer | 2016-02 | ||
| John Wilson | corporate officer | 2017-01 | ||
| Mark Tarr | operational/managerial control | 2017-01 | ||
| Melanie Lewis | corporate officer | 2021-08 | ||
| Robert Mccallum | corporate officer | 2011-11 | ||
| Stephen Leasure | corporate officer | 2020-01 | ||
| Thomas Boyle | corporate officer | 2020-10 |
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 TX
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 |
|---|---|---|---|---|
| 2023-03-01 | Crh Of Temple Llc | Everest Rehabilitation Hospital Temple Llc | Temple Rehabilitation Hospital | 36 |
| 2023-03-01 | Crh Of Longview Llc | Everest Rehabilitation Hospital... | Longview Rehabilitation Hospital | 36 |
| 2021-12-30 | Pam Health Rehabilitation Hospital... | Apollo Rehab Hospital Llc | Pam Health Rehab Hosp Of Sugar Land | 41 |
| 2019-08-01 | Clear Lake Institute For Rehabilitation Llc | Clear Lake Rehabilitation Hospital, Llc | Bay Area Rehab Hospital | 151 |
| 2019-08-01 | Clear Lake Institute For Rehabilitation Llc | Triumph Rehabilitation Hospital Of... | Bay Area Rehab Hospital | 151 |
| 2016-06-01 | Pam Squared At Beaumont Llc | Healthsouth Rehabilitation... | Pam Squared At Beaumont | 61 |