South Texas Rehabilitation Hospital
Brownsville, Cameron County, TX
· CCN 453092
Licensed to South Texas Rehabilitation Hospital Lp
Composite
60.1
rank score
Distress
39
FY2023
Fit
90
vs thesis
Estimated ticket
$13.0M–$52.0M
40 beds ·
within envelope
Ownership
for-profit
PE 5y
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- PE-owned 5 years — approaching exit window
- 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 · FY2023
| Net patient revenue | $16.6M |
| Operating margin | 5.1% |
| Total margin | 6.5% |
| Days cash on hand | 1 |
| Current ratio | 0.01 |
| Occupancy | 72% |
Facility
| Beds | 40 |
| 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 | 40 | $13.9M | $-191K | -12.2% | -1.2% | 2 | 0.01 | 62% | 612 | 79 |
| 2021 | 40 | $15.8M | $2.8M | 10.5% | 16.5% | 8 | 0.01 | 68% | 633 | 43 |
| 2022 | 40 | $16.6M | $1.3M | 7.2% | 7.7% | 6 | 0.01 | 70% | 700 | 43 |
| 2023 | 40 | $16.6M | $1.1M | 5.1% | 6.5% | 1 | 0.01 | 72% | 693 | 39 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Epoch Acquisition Inc | 5% or greater indirect ownership interest | 99 | 2018-10 | |
| Epoch Midco, Inc | 5% or greater indirect ownership interest | 99 | 2018-10 | |
| Epoch Parent Holdings Llc | 5% or greater indirect ownership interest | 99 | 2018-10 | |
| Epoch Parent Inc | 5% or greater indirect ownership interest | 99 | 2018-10 | |
| Ernest Health Holdings Llc | 5% or greater indirect ownership interest | 99 | 2012-02 | |
| Ernest Health, Inc | 5% or greater indirect ownership interest | 99 | 2004-09 | |
| South Texas Rehabilitation Hospital Holdings Llc | limited partnership interest | 99 | 2004-08 | |
| Truist Bank | 5% or greater security interest | 64 | 2025-11 | |
| One Equity Partners Vii Lp | 5% or greater indirect ownership interest | 57 | 2018-10 | PE |
| Mpt Of Brownsville, Llc | 5% or greater security interest | 36 | 2020-12 | |
| One Equity Partners Vii-A Lp | 5% or greater indirect ownership interest | 29 | 2018-10 | PE |
| One Equity Partners Vii-B Lp | 5% or greater indirect ownership interest | 12 | 2018-10 | PE |
| South Texas Rehabilitation Hospital Management Llc | general partnership interest | 1 | 2004-08 | |
| Caleb Reed | corporate officer | 2023-06 | ||
| Denise Kann | corporate officer | 2023-06 | ||
| Ernest Health, Inc | other | 2004-09 | ||
| Eudora Cannon | corporate officer | 2023-06 | ||
| Eudora Cannon | other | 2023-06 | ||
| Jacob Socha | corporate officer | 2023-06 | ||
| Leo Garza | w-2 managing employee | 2014-02 |
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 |