Bir At Fort Worth
dba Baylor Institute For Rehabilitation At Fort Worth ·
Fort Worth, Tarrant County, TX
· CCN 673035
Licensed to Global Rehab Fort Worth, Lp
Composite
54.0
rank score
Distress
40
FY2023
Fit
90
vs thesis
Estimated ticket
$13.7M–$54.6M
42 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin negative
- current liabilities exceed current assets
- liabilities exceed assets
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- 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 | $22.0M |
| Operating margin | -4.4% |
| Total margin | 2.1% |
| Days cash on hand | — |
| Current ratio | 0.84 |
| Occupancy | 65% |
Facility
| Beds | 42 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $325K |
| Per-bed (high) | $1.3M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 42 | $14.9M | $-329K | -7.7% | -2.1% | 0 | 0.56 | 43% | 529 | 76 |
| 2021 | 42 | $17.4M | $74.5K | -3.9% | 0.4% | 0 | 0.78 | 51% | 589 | 61 |
| 2022 | 42 | $19.7M | $761K | -1.2% | 3.7% | 0 | 0.78 | 57% | 648 | 53 |
| 2023 | 42 | $22.0M | $483K | -4.4% | 2.1% | — | 0.84 | 65% | 759 | 40 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2005-03 | |
| Select Medical Corporation | operational/managerial control | 100 | 2005-03 | |
| Select Physical Therapy Holdings Inc | 5% or greater indirect ownership interest | 100 | 2005-03 | |
| Select Physical Therapy Network Services Inc | 5% or greater indirect ownership interest | 100 | 2005-03 | |
| Select Physical Therapy Texas Limited Partnership | 5% or greater indirect ownership interest | 100 | 2012-03 | |
| Select Specialty Hospitals Inc | 5% or greater indirect ownership interest | 100 | 2005-03 | |
| Victoria Healthcare Inc | 5% or greater indirect ownership interest | 100 | 2005-03 | |
| Bir Jv Llp | 5% or greater direct ownership interest | 100 | 2012-03 | |
| Baylor University Medical Center | limited partnership interest | 51 | 2024-07 | |
| Gh General Llc | general partnership interest | 0 | 2008-11 | |
| John Deleon | corporate officer | 2020-08 | ||
| John Deleon | w-2 managing employee | 2020-08 | ||
| John Deleon | operational/managerial control | 2020-08 | ||
| John Duggan | corporate officer | 2012-03 | ||
| John Duggan | corporate director | 2025-09 | ||
| John Saich | corporate officer | 2025-09 | ||
| Michael Malatesta | corporate officer | 2025-04 | ||
| Robert Breighner | w-2 managing employee | 2025-09 | ||
| Robert Kido | corporate officer | 2025-09 | ||
| Thomas Mullin | corporate officer | 2025-09 |
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 |