Northern Utah Rehabilitation Hospita
dba Northern Utah Rehabilitation Hosptial ·
South Ogden, Weber County, UT
· CCN 463027
Licensed to Northern Utah Rehabilitation Hospital Llc
Composite
80.6
rank score
Distress
97
FY2023
Fit
76
vs thesis
Estimated ticket
$9.1M–$36.4M
40 beds ·
within envelope
Ownership
for-profit
PE 5y
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 30-45%
- margin deteriorating sharply
- PE-owned 5 years — approaching exit window
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- small ticket — deploys little of the available capital
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $10.8M |
| Operating margin | -17.5% |
| Total margin | -17.2% |
| Days cash on hand | 1 |
| Current ratio | 0.01 |
| Occupancy | 44% |
Facility
| Beds | 40 |
| 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 | 40 | $8.5M | $-839K | -15.7% | -9.3% | 8 | 0.01 | 36% | 384 | 97 |
| 2021 | 40 | $9.5M | $-505K | -12.2% | -5.0% | 1 | 0.02 | 42% | 405 | 92 |
| 2022 | 40 | $9.1M | $-2.1M | -22.8% | -22.6% | 0 | 0.01 | 39% | 347 | 97 |
| 2023 | 40 | $10.8M | $-1.9M | -17.5% | -17.2% | 1 | 0.01 | 44% | 429 | 97 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Epoch Acquisition Inc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Epoch Midco, Inc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Epoch Parent Holdings Llc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Epoch Parent Inc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Ernest Health Holdings Llc | 5% or greater direct ownership interest | 100 | 2012-11 | |
| One Equity Partners Vii Lp | 5% or greater indirect ownership interest | 58 | 2018-10 | PE |
| Capital One Na | 5% or greater direct ownership interest | 51 | 2018-10 | |
| Mpt Of Ogden Llc | 5% or greater security interest | 47 | 2019-01 | |
| One Equity Partners Vii-A Lp | 5% or greater indirect ownership interest | 30 | 2018-10 | PE |
| One Equity Partners Vii-B Lp | 5% or greater indirect ownership interest | 12 | 2018-10 | PE |
| Caleb Reed | corporate officer | 2023-06 | ||
| Denise Kann | corporate officer | 2023-06 | ||
| Ernest Health, Inc | other | 2012-11 | ||
| Eudora Cannon | corporate officer | 2023-06 | ||
| Eudora Cannon | other | 2023-06 | ||
| Jacob Socha | corporate officer | 2023-06 | ||
| Reuben Jessop | w-2 managing employee | 2023-06 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.