Encompass Health Rehabilitation Hosp
dba Encompass Health Rehabilitation Hospital Of Texarkana ·
Texarkana, Bowie County, TX
· CCN 453053
Licensed to Encompass Health Rehabilitation Hospital Of Texarkana, Inc.
Composite
54.8
rank score
Distress
35
FY2024
Fit
93
vs thesis
Estimated ticket
$19.5M–$78.0M
60 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin negative
- 60-90 days cash on hand
- 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 | $20.8M |
| Operating margin | -2.3% |
| Total margin | 4.1% |
| Days cash on hand | 85 |
| Current ratio | 3.12 |
| Occupancy | 56% |
Facility
| Beds | 60 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 60 | $21.2M | $1.8M | 6.4% | 8.3% | 68 | 3.50 | 66% | 1,089 | 10 |
| 2021 | 60 | $22.6M | $2.5M | 12.1% | 11.2% | 73 | 4.37 | 70% | 1,136 | 10 |
| 2022 | 60 | $15.2M | $2.2M | 6.1% | 13.4% | 101 | 3.38 | 68% | 735 | 4 |
| 2023 | 60 | $23.5M | $3.1M | 7.7% | 12.6% | 88 | 3.41 | 63% | 1,092 | 10 |
| 2024 | 60 | $20.8M | $914K | -2.3% | 4.1% | 85 | 3.12 | 56% | 1,003 | 35 |
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 | 2013-07 | |
| 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 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 | ||
| William Wallace | w-2 managing employee | 2022-08 |
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 |