Texas Rehabilitation Hospital Of Ft.
dba Texas Rehabilitation Hospital Of Fort Worth ·
Fort Worth, Tarrant County, TX
· CCN 673048
Licensed to Texas Rehabilitation Hospital Of Fort Worth, Llc
Composite
55.5
rank score
Distress
38
FY2023
Fit
96
vs thesis
Estimated ticket
$21.4M–$85.8M
66 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- under 30 days cash on hand
- current liabilities exceed current assets
- liabilities exceed assets
- 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 | $33.1M |
| Operating margin | 24.5% |
| Total margin | 25.4% |
| Days cash on hand | 0 |
| Current ratio | 0.95 |
| Occupancy | 75% |
Facility
| Beds | 66 |
| 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 | 66 | $29.6M | $7.4M | 23.8% | 24.8% | 125 | 1.21 | 76% | 1,320 | 12 |
| 2021 | 66 | $30.5M | $9.2M | 27.2% | 29.3% | 50 | 1.70 | 77% | 1,382 | 17 |
| 2022 | 66 | $31.2M | $8.1M | 26.3% | 26.1% | 55 | 1.86 | 77% | 1,398 | 17 |
| 2023 | 66 | $33.1M | $8.5M | 24.5% | 25.4% | 0 | 0.95 | 75% | 1,408 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Centerre Healthcare Llc | 5% or greater indirect ownership interest | 70 | 2019-03 | |
| Crh Of Fort Worth Llc | 5% or greater direct ownership interest | 70 | 2009-08 | |
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 70 | 2021-12 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 70 | 2021-12 | |
| Lifepoint Rehab Blocker Llc | 5% or greater indirect ownership interest | 70 | 2022-12 | |
| Lifepoint Rehab Blocker Parent Llc | 5% or greater indirect ownership interest | 70 | 2022-12 | |
| Lifepoint Rehab Llc | 5% or greater indirect ownership interest | 70 | 2021-12 | |
| Texas Health Harris Methodist Hospital Fort Worth | 5% or greater direct ownership interest | 30 | 2009-08 | |
| Chc Management Services Llc | operational/managerial control | 2014-09 | ||
| Deshon Woods | corporate director | 2021-04 | ||
| Jacob Daggett | corporate officer | 2018-07 | ||
| Jacob Daggett | operational/managerial control | 2017-02 | ||
| Joseph Deleon | corporate director | 2015-01 | ||
| Marcus Poppell | other | 2021-12 | ||
| Mary Van De Kamp | corporate director | 2018-07 | ||
| Russell Bailey | corporate director | 2017-02 | ||
| Sharon Smeltzer | corporate director | 2019-01 | ||
| Stephanie Miland | corporate director | 2019-10 |
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 |