Central Texas Rehabilitation Hospita
dba Central Texas Rehabilitation Hospital ·
Austin, Travis County, TX
· CCN 673027
Licensed to Ctrh, L.l.c.
Composite
73.1
rank score
Distress
85
FY2023
Fit
87
vs thesis
Estimated ticket
$11.4M–$45.5M
50 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating sharply
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- small ticket — deploys little of the available capital
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $14.8M |
| Operating margin | -7.2% |
| Total margin | -6.4% |
| Days cash on hand | 16 |
| Current ratio | 0.22 |
| Occupancy | 47% |
Facility
| Beds | 50 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 50 | $15.9M | $1.5M | 4.1% | 8.8% | 89 | 1.00 | 56% | 764 | 23 |
| 2021 | 50 | $15.1M | $-1.3M | -9.0% | -8.8% | 16 | 0.53 | 55% | 734 | 84 |
| 2022 | 50 | $13.0M | $-1.8M | -14.4% | -13.9% | 32 | 0.31 | 45% | 607 | 91 |
| 2023 | 50 | $14.8M | $-961K | -7.2% | -6.4% | 16 | 0.22 | 47% | 694 | 85 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 80 | 2021-12 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 80 | 2021-12 | |
| Lifepoint Rehab Blocker Llc | 5% or greater indirect ownership interest | 80 | 2022-12 | |
| Lifepoint Rehab Blocker Parent Llc | 5% or greater indirect ownership interest | 80 | 2022-12 | |
| Lifepoint Rehab Llc | 5% or greater indirect ownership interest | 80 | 2021-12 | |
| Ascension Seton | 5% or greater direct ownership interest | 20 | 2007-07 | |
| Beth Rosenbaum | corporate officer | 2016-11 | ||
| Charles Wardrip | corporate officer | 2015-07 | ||
| Cristina Pietrowski | corporate officer | 2014-12 | ||
| Douglas Curnutte | corporate officer | 2011-06 | ||
| James Flowers | corporate officer | 2011-06 | ||
| Jason Zachariah | corporate officer | 2015-07 | ||
| Jeffrey Jasnoff | corporate officer | 2019-02 | ||
| Jeffrey Stodghill | corporate officer | 2011-06 | ||
| Joel Day | corporate officer | 2018-07 | ||
| John Smithson | corporate officer | 2019-02 | ||
| Joseph Fuller | corporate officer | 2018-07 | ||
| Joseph Landenwich | corporate officer | 2011-06 | ||
| Joseph Miller | corporate officer | 2018-07 | ||
| Marcus Poppell | other | 2021-12 | ||
| Martin Mann | corporate officer | 2017-06 | ||
| Mary Van De Kamp | corporate officer | 2016-11 | ||
| Michael Bean | corporate officer | 2011-06 | ||
| Russell Bailey | corporate officer | 2017-06 | ||
| Sally Brooks | corporate officer | 2015-07 |
Showing 25 of 29. Full list via /api/targets/673027.
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.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 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 |