dealflow
envelope $200M

← Targets

Post Acute Medical At Allen

dba Pam Rehabilitation Hospital Of Allen · Allen, Collin County, TX · CCN 673025
Licensed to Post Acute Medical At Allen, Llc

Composite
52.4
rank score
Distress
27
FY2023
Fit
96
vs thesis
Estimated ticket
$18.2M–$72.8M
56 beds · within envelope
Ownership
for-profit
RH

Why it ranks here

  • under 30 days cash on hand
  • debt above 85% of assets
  • part of a multi-hospital chain — divestiture candidate
  • TX: favorable regulatory climate
  • 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$35.3M
Operating margin 25.3%
Total margin 25.3%
Days cash on hand 1
Current ratio 1.57
Occupancy88%

Facility

Beds56
Facility typeRH
Settingurban
Ownership classfor-profit
Per-bed (low) $325K
Per-bed (high) $1.3M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 56 $22.9M $3.1M 9.2% 12.9% 0 0.67 67% 1,154 47
2021 56 $33.1M $8.1M 23.0% 24.0% 0 1.85 87% 1,509 22
2022 56 $34.6M $7.8M 22.4% 22.6% 0 1.64 88% 1,517 30
2023 56 $35.3M $8.9M 25.3% 25.3% 1 1.57 88% 1,589 27

Owners

OwnerRole%SinceType
Post Acute Medical, Llc
Enola, PA
5% or greater direct ownership interest 100 2013-04
Wells Fargo Bank, N.a.
Minneapolis, MN
5% or greater security interest 100 2024-07
Anthony Misitano 5% or greater indirect ownership interest 50 2013-04
Ba Healthcare Holdings, Llc
Enola, PA
5% or greater indirect ownership interest 50 2013-04
Pam Cubed Llc
Enola, PA
5% or greater indirect ownership interest 50 2024-07 chain
Brittany Misitano 5% or greater indirect ownership interest 37 2024-07
Anthony Misitano corporate officer 2013-03
John Bauer corporate officer 2013-03
Karick Stober corporate officer 2013-03
Kyron Kooken w-2 managing employee 2024-08
Post Acute Medical Management, Llc
Enola, PA
operational/managerial control 2013-04

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 TX

Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.

DateBuyerSellerHospitalBeds
2023-03-01 Crh Of Temple Llc Everest Rehabilitation Hospital Temple Llc Temple Rehabilitation Hospital 36
2023-03-01 Crh Of Longview Llc Everest Rehabilitation Hospital... Longview Rehabilitation Hospital 36
2021-12-30 Pam Health Rehabilitation Hospital... Apollo Rehab Hospital Llc Pam Health Rehab Hosp Of Sugar Land 41
2019-08-01 Clear Lake Institute For Rehabilitation Llc Clear Lake Rehabilitation Hospital, Llc Bay Area Rehab Hospital 151
2019-08-01 Clear Lake Institute For Rehabilitation Llc Triumph Rehabilitation Hospital Of... Bay Area Rehab Hospital 151
2016-06-01 Pam Squared At Beaumont Llc Healthsouth Rehabilitation... Pam Squared At Beaumont 61