Encompass Health Rehabilitation Hosp
dba Encompass Health Rehabilitation Hospital Of Princeton ·
Princeton, Mercer County, WV
· CCN 513026
Licensed to Rehabilitation Hospital Corporation Of America Llc
Composite
31.9
rank score
Distress
9
FY2023
Fit
65
vs thesis
Estimated ticket
$3.9M–$7.8M
60 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
- rural — cheaper but limited density
- specialty facility — narrower problem scope
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $26.7M |
| Operating margin | 23.8% |
| Total margin | 23.7% |
| Days cash on hand | 83 |
| Current ratio | 4.45 |
| Occupancy | 71% |
Facility
| Beds | 60 |
| Facility type | RH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $65.0K |
| Per-bed (high) | $130K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 60 | $19.8M | $4.5M | 23.4% | 22.9% | 81 | 6.57 | 61% | 1,050 | 10 |
| 2021 | 60 | $22.6M | $5.6M | 24.8% | 24.8% | 196 | 10.96 | 63% | 1,115 | 0 |
| 2022 | 60 | $23.9M | $5.7M | 23.8% | 23.8% | 83 | 6.68 | 65% | 1,173 | 10 |
| 2023 | 60 | $26.7M | $6.3M | 23.8% | 23.7% | 83 | 4.45 | 71% | 1,307 | 9 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Encompass Health Corporation | 5% or greater direct ownership interest | 100 | 1988-02 | chain |
| Truist Bank | 5% or greater security interest | 100 | 2026-03 | |
| Vanguard Group Inc | 5% or greater indirect ownership interest | 10 | 2024-12 | |
| Blackrock Inc | 5% or greater indirect ownership interest | 9 | 2024-12 | |
| Carey Mcrae | corporate officer | 2025-01 | ||
| Carey Mcrae | operational/managerial control | 2025-01 | ||
| Encompass Health Corporation | operational/managerial control | 2013-04 | chain | |
| Mark Tarr | operational/managerial control | 2017-01 | ||
| Robert Mccallum | corporate officer | 2025-01 | ||
| Robert Mccallum | operational/managerial control | 2025-01 | ||
| Robert Williams | w-2 managing employee | 2013-01 |
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 WV
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 |
|---|---|---|---|---|
| 2024-04-09 | Wheeling Rehabilitation And... | Guardian Elder Care At Wheeling Llc | Peterson Healthcare And Rehab | 22 |