Encompass Health Rehabilitation Hosp
dba Encompass Health Rehabilitation Hospital Of Austin ·
Austin, Travis County, TX
· CCN 673054
Licensed to Encompass Health Rehabilitation Hospital Of Austin, Llc
Composite
67.7
rank score
Distress
61
FY2023
Fit
96
vs thesis
Estimated ticket
$16.6M–$66.3M
60 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- under 30 days cash on hand
- current liabilities exceed current assets
- margin deteriorating
- 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 · FY2023
| Net patient revenue | $26.2M |
| Operating margin | -7.8% |
| Total margin | -0.8% |
| Days cash on hand | 4 |
| Current ratio | 0.86 |
| Occupancy | 67% |
Facility
| Beds | 60 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 60 | $20.8M | $332K | -4.0% | 1.5% | 78 | 1.92 | 59% | 1,051 | 31 |
| 2021 | 60 | $26.9M | $2.2M | 6.5% | 8.2% | 53 | 2.18 | 70% | 1,262 | 17 |
| 2022 | 60 | $25.7M | $107K | -4.8% | 0.4% | 31 | 1.57 | 67% | 1,193 | 36 |
| 2023 | 60 | $26.2M | $-218K | -7.8% | -0.8% | 4 | 0.86 | 67% | 1,160 | 61 |
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 | ||
| Lauren Suarez | w-2 managing employee | 2020-06 | ||
| Mark Tarr | operational/managerial control | 2017-01 | ||
| Robert Mccallum | operational/managerial control | 2025-01 | ||
| Robert Mccallum | other | 2025-01 |
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 |