Ut Health East Texas Rehab Hospital
dba Ut Health East Texas Rehabilitation Hospital ·
Tyler, Smith County, TX
· CCN 453072
Licensed to Rehabilitation Hospital, Llc
Composite
57.7
rank score
Distress
44
FY2024
Fit
90
vs thesis
Estimated ticket
$15.9M–$63.7M
49 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin negative
- under 30 days cash on hand
- 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
- 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 | $33.2M |
| Operating margin | -3.6% |
| Total margin | 2.4% |
| Days cash on hand | 17 |
| Current ratio | 3.16 |
| Occupancy | 66% |
Facility
| Beds | 49 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 49 | $30.5M | $3.7M | -1.4% | 10.6% | 0 | 0.87 | 67% | 837 | 47 |
| 2022 | 49 | $24.5M | $-3.7M | -25.4% | -13.8% | 0 | 1.87 | 55% | 664 | 69 |
| 2023 | 49 | $30.5M | $-475K | -8.4% | -1.5% | 8 | 2.72 | 60% | 769 | 52 |
| 2024 | 49 | $33.2M | $836K | -3.6% | 2.4% | 17 | 3.16 | 66% | 889 | 44 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ahs East Texas Health System, Llc | 5% or greater direct ownership interest | 100 | 2018-03 | |
| Ahs Texas, Llc | 5% or greater indirect ownership interest | 100 | 2019-01 | |
| Ardent Health Inc | 5% or greater indirect ownership interest | 100 | 2018-03 | |
| Donald Baker | corporate officer | 100 | 2021-09 | |
| Donald Baker | w-2 managing employee | 100 | 2021-09 | |
| Ahp Health Partners, Inc | 5% or greater indirect ownership interest | 2018-03 | ||
| Ahs Management Company Inc. | operational/managerial control | 2018-03 | chain | |
| Martin Bonick | corporate officer | 2021-09 | ||
| Mary Crabtree | corporate officer | 2018-03 | ||
| Stephen Petrovich | corporate officer | 2018-03 |
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 |