Clearsky Rehabiliation Hospital Of K
Kenosha, Kenosha County, WI
· CCN 523032
Licensed to Clearsky Rehabilitation Hospital Of Kenosha Llc
Composite
70.2
rank score
Distress
100
FY2024
Fit
63
vs thesis
Estimated ticket
$8.9M–$35.5M
39 beds ·
within envelope
Ownership
for-profit
RH
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 below 30%
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $3.8M |
| Operating margin | -41.7% |
| Total margin | -41.7% |
| Days cash on hand | 0 |
| Current ratio | 0.39 |
| Occupancy | 25% |
Facility
| Beds | 39 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 39 | $3.8M | $-1.6M | -41.7% | -41.7% | 0 | 0.39 | 25% | 137 | 100 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Clearsky Health Acquisition Llc | 5% or greater direct ownership interest | 100 | 2021-11 | |
| Clearsky Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-11 | |
| Clearsky Health Intermediate Llc | 5% or greater indirect ownership interest | 100 | 2021-11 | |
| Bw Clearsky Aiv Iv Lp | 5% or greater indirect ownership interest | 45 | 2023-11 | |
| Peloton Clearsky Inc | 5% or greater indirect ownership interest | 45 | 2023-11 | |
| Bw Aiv Iv Direct Feeder Lp | 5% or greater indirect ownership interest | 35 | 2023-11 | |
| Peloton Clearsky Llc | 5% or greater indirect ownership interest | 22 | 2023-11 | |
| Peloton Equity Ii Lp | 5% or greater indirect ownership interest | 22 | 2023-11 | |
| Bw Clearsky Aiv Iv C Corp | 5% or greater indirect ownership interest | 9 | 2023-11 | |
| Bw Clearsky Aiv Iv Indirect Feeder Lp | 5% or greater indirect ownership interest | 9 | 2023-11 | |
| Leavitt Equity Partners Ii Lp | 5% or greater indirect ownership interest | 6 | 2023-11 | |
| Clearsky Employee Holdings-A, Llc | 5% or greater indirect ownership interest | 5 | 2023-11 | |
| Claude Brockette | corporate officer | 2021-11 | ||
| Donna Wilbur | w-2 managing employee | 2025-08 | ||
| Jeremy Kogler | corporate officer | 2021-11 | ||
| Joshua Luke | w-2 managing employee | 2025-10 | ||
| Kristi Duncan | corporate officer | 2021-11 | ||
| Michael Warrington | corporate officer | 2024-12 | ||
| Sheryl Gentile | corporate officer | 2021-11 | ||
| Theodore Lundberg | corporate officer | 2021-11 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.