Encompass Health Rehabilitation Hosp
dba Encompass Health Rehabilitation Hospital Of Dallas ·
Dallas, Dallas County, TX
· CCN 673043
Licensed to Encompass Health Rehabilitation Hospital Of Dallas, Llc
Composite
53.8
rank score
Distress
30
FY2024
Fit
96
vs thesis
Estimated ticket
$19.5M–$78.0M
60 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin negative
- 60-90 days cash on hand
- debt above 70% of assets
- margin slipping
- 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 · FY2024
| Net patient revenue | $31.1M |
| Operating margin | -1.8% |
| Total margin | 4.6% |
| Days cash on hand | 78 |
| Current ratio | 2.95 |
| Occupancy | 84% |
Facility
| Beds | 60 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 60 | $30.2M | $1.8M | 2.9% | 5.7% | 35 | 2.11 | 87% | 1,411 | 24 |
| 2022 | 60 | $30.0M | $1.1M | -1.7% | 3.6% | 61 | 2.21 | 82% | 1,428 | 33 |
| 2023 | 60 | $30.6M | $-52.9K | -5.2% | -0.2% | 43 | 2.43 | 88% | 1,455 | 54 |
| 2024 | 60 | $31.1M | $1.5M | -1.8% | 4.6% | 78 | 2.95 | 84% | 1,407 | 30 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Encompass Health Acquisition Holdings Llc | 5% or greater indirect ownership interest | 100 | 2015-10 | |
| Encompass Health Acquisition Holdings Subsidiary, Llc | 5% or greater direct ownership interest | 100 | 2015-10 | |
| Encompass Health Corporation | 5% or greater indirect ownership interest | 100 | 2015-10 | chain |
| Encompass Health Owned Hospitals Holdings Llc | 5% or greater indirect ownership interest | 100 | 2015-10 | |
| Truist Bank | 5% or greater security interest | 100 | 2026-03 | |
| Reliant Blocker Corporation | 5% or greater indirect ownership interest | 15 | 2015-10 | |
| Vanguard Group Inc | 5% or greater indirect ownership interest | 10 | 2023-12 | |
| Blackrock Inc | 5% or greater indirect ownership interest | 9 | 2023-12 | |
| Carey Mcrae | operational/managerial control | 2025-01 | ||
| Carey Mcrae | other | 2025-01 | ||
| Encompass Health Corporation | operational/managerial control | 2015-10 | chain | |
| Mark Tarr | operational/managerial control | 2017-01 | ||
| Robert Mccallum | operational/managerial control | 2025-01 | ||
| Robert Mccallum | other | 2025-01 | ||
| Sharon Curtis | w-2 managing employee | 2022-08 |
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 |