Riverside Rehabilitation Institute
dba Riverside Rehabilitation Hospital ·
Yorktown, York County, VA
· CCN 493027
Licensed to Coastal Virginia Rehabilitation Llc
Composite
53.2
rank score
Distress
42
FY2023
Fit
81
vs thesis
Estimated ticket
$16.2M–$65.0M
50 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating sharply
- 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
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $28.7M |
| Operating margin | 9.4% |
| Total margin | 10.1% |
| Days cash on hand | 0 |
| Current ratio | 0.65 |
| Occupancy | 88% |
Facility
| Beds | 50 |
| 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 | 50 | $20.9M | $3.5M | 13.3% | 16.0% | 0 | 0.47 | 74% | 962 | 40 |
| 2021 | 50 | $24.3M | $1.9M | 8.7% | 7.8% | 0 | 0.72 | 78% | 1,083 | 36 |
| 2022 | 50 | $26.2M | $2.4M | 8.5% | 9.0% | 0 | 0.56 | 82% | 1,146 | 36 |
| 2023 | 50 | $28.7M | $2.9M | 9.4% | 10.1% | 0 | 0.65 | 88% | 1,279 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2017-06 | chain |
| Select Medical Corporation | operational/managerial control | 100 | 2025-09 | chain |
| Select Specialty Hospitals Inc | 5% or greater indirect ownership interest | 100 | 2017-06 | |
| Hospital Holdings Corporation | 5% or greater direct ownership interest | 51 | 2017-06 | |
| Rehabilitation Institute Of Virginia Inc | 5% or greater direct ownership interest | 49 | 2017-06 | |
| John Duggan | corporate officer | 2025-09 | ||
| John Duggan | corporate director | 2025-09 | ||
| John Saich | corporate officer | 2025-09 | ||
| Michael Malatesta | corporate officer | 2025-09 | ||
| Robert Breighner | w-2 managing employee | 2025-09 | ||
| Robert Kido | corporate officer | 2025-09 | ||
| Thomas Mullin | corporate officer | 2025-09 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2017-06-01 | change of ownership | Coastal Virginia Rehabilitation Llc | Rehabilitation Institute Of... |
Who has been buying in VA
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 |
|---|---|---|---|---|
| 2017-06-01 | Coastal Virginia Rehabilitation Llc | Rehabilitation Institute Of Virginia Inc | Riverside Rehabilitation Institute | 50 |