Encompass Health Rehabilitation Hosp
dba Encompass Health Rehabilitation Hospital Of The Woodlands ·
Shenandoah, Montgomery County, TX
· CCN 453059
Licensed to Encompass Health Rehabilitation Hospital Of The Woodlands Inc.
Composite
53.7
rank score
Distress
37
FY2024
Fit
88
vs thesis
Estimated ticket
$27.3M–$109M
84 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 30-45%
- 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
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $22.0M |
| Operating margin | 5.0% |
| Total margin | 5.1% |
| Days cash on hand | 0 |
| Current ratio | -0.35 |
| Occupancy | 38% |
Facility
| Beds | 84 |
| 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 | 84 | $15.7M | $573K | 1.4% | 3.6% | 0 | 0.35 | 29% | 718 | 51 |
| 2021 | 84 | $17.3M | $-426K | -4.5% | -2.4% | 0 | -0.06 | 33% | 773 | 64 |
| 2022 | 84 | $10.4M | $-689K | -8.6% | -6.5% | 0 | -0.34 | 34% | 477 | 76 |
| 2023 | 84 | $19.0M | $-406K | -2.4% | -2.1% | 0 | -0.70 | 34% | 830 | 64 |
| 2024 | 84 | $22.0M | $1.1M | 5.0% | 5.1% | 0 | -0.35 | 38% | 920 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Barclays Bank Plc | 5% or greater security interest | 100 | 2011-05 | |
| 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 | 1993-12 | |
| Vanguard Group Inc | 5% or greater indirect ownership interest | 10 | 2023-12 | |
| Blackrock Inc | 5% or greater indirect ownership interest | 9 | 2023-12 | |
| Invesco Ltd | 5% or greater indirect ownership interest | 5 | 2024-12 | |
| Andrew Price | corporate officer | 2010-03 | ||
| Angela Simmons | w-2 managing employee | 2020-01 | ||
| 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 | 2025-01 | ||
| Robert Wisner | corporate officer | 2003-11 | ||
| 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 |