Corpus Christi Rehabilitation Hospit
dba Corpus Christi Rehabilitation Hospital ·
Corpus Christi, Nueces County, TX
· CCN 673053
Licensed to Corpus Christi Rehabilitation Hospital Llc
Composite
57.3
rank score
Distress
39
FY2023
Fit
90
vs thesis
Estimated ticket
$11.4M–$45.5M
35 beds ·
within envelope
Ownership
for-profit
PE 4y
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- PE-owned 4 years
- 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 | $20.6M |
| Operating margin | 26.7% |
| Total margin | 26.9% |
| Days cash on hand | 5 |
| Current ratio | 0.01 |
| Occupancy | 89% |
Facility
| Beds | 35 |
| 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 | 35 | $17.5M | $3.8M | 21.0% | 21.6% | 26 | 0.02 | 89% | 813 | 43 |
| 2021 | 35 | $19.0M | $5.3M | 25.5% | 27.2% | 8 | 0.02 | 91% | 836 | 43 |
| 2022 | 35 | $19.7M | $5.7M | 26.5% | 28.1% | 5 | 0.01 | 91% | 846 | 43 |
| 2023 | 35 | $20.6M | $5.5M | 26.7% | 26.9% | 5 | 0.01 | 89% | 880 | 39 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Corpus Christi Rehabilitation Hospital Holdings Llc | 5% or greater direct ownership interest | 100 | 2013-06 | |
| Epoch Acquisition Inc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Epoch Midco, Inc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Epoch Parent Holdings Llc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Epoch Parent Inc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Ernest Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2013-06 | |
| Truist Bank | 5% or greater security interest | 74 | 2025-11 | |
| One Equity Partners Vii Lp | 5% or greater indirect ownership interest | 58 | 2025-11 | PE |
| One Equity Partners Vii-A Lp | 5% or greater indirect ownership interest | 30 | 2025-11 | PE |
| One Equity Partners Vii-B Lp | 5% or greater indirect ownership interest | 11 | 2019-01 | PE |
| Caleb Reed | corporate officer | 2023-06 | ||
| Denise Kann | corporate officer | 2023-06 | ||
| Ernest Health, Inc | other | 2013-07 | ||
| Eudora Cannon | corporate officer | 2023-06 | ||
| Eudora Cannon | other | 2023-06 | ||
| Jacob Socha | corporate officer | 2023-06 | ||
| Michael Pierce | w-2 managing employee | 2019-08 | ||
| Mpt Of Corpus Christi Llc | 5% or greater security interest | 2019-08 |
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 |