Rehabilitation Institute Of Denton
dba Select Rehabilitation Hospital Of Denton ·
Denton, Denton County, TX
· CCN 673036
Licensed to Rehabilitation Institute Of Denton Llc
Composite
62.1
rank score
Distress
58
FY2024
Fit
90
vs thesis
Estimated ticket
$12.2M–$48.6M
44 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- liabilities exceed assets
- margin deteriorating sharply
- 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 · FY2024
| Net patient revenue | $23.3M |
| Operating margin | 7.1% |
| Total margin | -8.4% |
| Days cash on hand | 0 |
| Current ratio | 1.07 |
| Occupancy | 77% |
Facility
| Beds | 44 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $276K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 44 | $17.3M | $1.4M | 5.3% | 8.1% | 0 | 0.29 | 65% | 811 | 47 |
| 2022 | 44 | $19.8M | $1.8M | 9.2% | 9.2% | 0 | 0.68 | 67% | 919 | 47 |
| 2023 | 44 | $21.8M | $502K | 8.0% | 2.3% | 0 | 1.42 | 76% | 1,019 | 33 |
| 2024 | 44 | $23.3M | $-2.0M | 7.1% | -8.4% | 0 | 1.07 | 77% | 1,061 | 58 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hospital Holdings Corporation | 5% or greater direct ownership interest | 100 | 2020-09 | |
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2008-10 | |
| Select Medical Corporation | operational/managerial control | 100 | 2008-10 | |
| Select Specialty Hospitals Inc | 5% or greater indirect ownership interest | 100 | 2008-10 | |
| Andrew Carlson | corporate officer | 2020-08 | ||
| Andrew Carlson | w-2 managing employee | 2020-08 | ||
| Andrew Carlson | operational/managerial control | 2020-08 | ||
| John Duggan | corporate officer | 2008-10 | ||
| John Duggan | corporate director | 2025-10 | ||
| John Saich | corporate officer | 2025-10 | ||
| Michael Malatesta | corporate officer | 2025-10 | ||
| Robert Breighner | w-2 managing employee | 2025-10 | ||
| Robert Kido | corporate officer | 2025-10 | ||
| Thomas Mullin | corporate officer | 2025-10 |
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 |