Encompass Health Rehabilitation Hosp
dba Encompass Health Rehabilitation Hospital Of Utah ·
Sandy, Salt Lake County, UT
· CCN 463025
Licensed to Encompass Health Rehabilitation Hospital Of Utah, Llc
Composite
66.6
rank score
Distress
71
FY2023
Fit
82
vs thesis
Estimated ticket
$19.1M–$76.4M
84 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- occupancy 30-45%
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- 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 · FY2023
| Net patient revenue | $21.3M |
| Operating margin | -4.3% |
| Total margin | -1.3% |
| Days cash on hand | 0 |
| Current ratio | -1.08 |
| Occupancy | 44% |
Facility
| Beds | 84 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $228K |
| Per-bed (high) | $910K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 84 | $18.1M | $528K | 0.5% | 2.8% | 0 | -0.60 | 41% | 932 | 52 |
| 2021 | 84 | $19.4M | $19.2K | -1.8% | 0.1% | 0 | -0.60 | 44% | 899 | 64 |
| 2022 | 84 | $19.4M | $-633K | -5.7% | -3.2% | 0 | -0.93 | 42% | 898 | 76 |
| 2023 | 84 | $21.3M | $-277K | -4.3% | -1.3% | 0 | -1.08 | 44% | 994 | 71 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Encompass Health Corporation | 5% or greater indirect ownership interest | 100 | 2014-01 | chain |
| Encompass Health Owned Hospitals Holdings Llc | 5% or greater direct ownership interest | 100 | 2014-01 | |
| 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 | |
| Carey Mcrae | corporate officer | 2025-01 | ||
| Chuck Smith | w-2 managing employee | 2019-11 | ||
| Encompass Health Corporation | operational/managerial control | 1993-12 | chain | |
| Mark Tarr | operational/managerial control | 2017-01 | ||
| Robert Mccallum | corporate officer | 2024-10 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.