Encompass Health Rehabilitation Hosp
dba Encompass Health Rehabilitation Hospital Of Richmond ·
Richmond, Henrico County, VA
· CCN 493028
Licensed to Rehabilitation Hospital Corporation Of America Llc
Composite
35.9
rank score
Distress
9
FY2023
Fit
75
vs thesis
Estimated ticket
$13.0M–$52.0M
40 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- 60-90 days cash on hand
- part of a multi-hospital chain — divestiture candidate
- 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 | $22.9M |
| Operating margin | 12.3% |
| Total margin | 12.4% |
| Days cash on hand | 63 |
| Current ratio | 2.20 |
| Occupancy | 84% |
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 | $14.9M | $823K | 5.1% | 5.5% | 67 | 6.43 | 66% | 779 | 10 |
| 2021 | 40 | $19.2M | $2.4M | 12.1% | 12.6% | 84 | 3.52 | 86% | 984 | 10 |
| 2022 | 40 | $23.2M | $3.5M | 15.0% | 15.2% | 59 | 2.10 | 88% | 1,160 | 17 |
| 2023 | 40 | $22.9M | $2.8M | 12.3% | 12.4% | 63 | 2.20 | 84% | 1,141 | 9 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Encompass Health Corporation | 5% or greater direct ownership interest | 100 | 1991-12 | chain |
| 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 | ||
| Encompass Health Corporation | operational/managerial control | 1991-12 | chain | |
| Mark Tarr | operational/managerial control | 2017-01 | ||
| Robert Mccallum | corporate officer | 2025-01 | ||
| Vivian White | w-2 managing employee | 2025-09 |
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 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 |