Lakeview Specialty Hospt & Rehab
dba Lakeview Specialty Hospital And Rehab ·
Waterford, Racine County, WI
· CCN 522005
Licensed to Lakeview Neurorehab Center Midwest Inc
Composite
64.1
rank score
Distress
82
FY2023
Fit
68
vs thesis
Estimated ticket
$7.3M–$29.4M
35 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- 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 | $19.9M |
| Operating margin | -21.8% |
| Total margin | -11.7% |
| Days cash on hand | 4 |
| Current ratio | -1.56 |
| Occupancy | 75% |
Facility
| Beds | 35 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 40 | $17.9M | $1.0M | -4.0% | 5.3% | 20 | -0.25 | 75% | 241 | 62 |
| 2021 | 55 | $20.6M | $2.4M | 4.4% | 11.0% | 16 | -0.23 | 54% | 277 | 42 |
| 2022 | 39 | $20.0M | $-745K | -11.7% | -3.4% | 16 | -0.91 | 73% | 196 | 87 |
| 2023 | 35 | $19.9M | $-2.5M | -21.8% | -11.7% | 4 | -1.56 | 75% | 255 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Christopher Slover | 5% or greater direct ownership interest | 100 | 2014-02 | |
| Lakeview Management Inc | 5% or greater direct ownership interest | 100 | 2014-02 | |
| Angela Johnson | contracted managing employee | 2019-01 | ||
| Angela Johnson | corporate director | 2019-01 | ||
| Angela Johnson | operational/managerial control | 2019-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.