Bsw Lakeway
dba Baylor Scott & White Institute For Rehabilitation - Lakeway ·
Lakeway, Travis County, TX
· CCN 673058
Licensed to Bir Jv Llp
Composite
63.7
rank score
Distress
60
FY2024
Fit
87
vs thesis
Estimated ticket
$9.9M–$39.8M
36 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin -10% to -5%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- 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
- small but workable bed count
- small ticket — deploys little of the available capital
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $51.1M |
| Operating margin | -6.1% |
| Total margin | 3.2% |
| Days cash on hand | 0 |
| Current ratio | 0.65 |
| Occupancy | 56% |
Facility
| Beds | 36 |
| 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 | 36 | $34.1M | $2.4M | 3.8% | 6.9% | 0 | 0.43 | 50% | 427 | 38 |
| 2022 | 36 | $42.6M | $1.9M | 0.6% | 4.2% | 0 | 0.44 | 56% | 535 | 44 |
| 2023 | 36 | $45.6M | $967K | -2.9% | 2.0% | 0 | 0.47 | 56% | 526 | 53 |
| 2024 | 36 | $51.1M | $1.8M | -6.1% | 3.2% | 0 | 0.65 | 56% | 585 | 60 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Select Medical Corporation | operational/managerial control | 100 | 2018-06 | chain |
| Select Specialty Hospitals Inc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Victoria Healthcare Inc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Baylor University Medical Center | limited partnership interest | 51 | 2024-07 | |
| Select Medical Corporation | 5% or greater indirect ownership interest | 49 | 2018-06 | chain |
| Select Physical Therapy Holdings Inc | 5% or greater indirect ownership interest | 49 | 2018-06 | |
| Select Physical Therapy Network Services Inc | 5% or greater indirect ownership interest | 49 | 2018-06 | |
| Select Physical Therapy Texas Limited Partnership | 5% or greater direct ownership interest | 49 | 2018-06 | |
| John Duggan | corporate officer | 2018-06 | ||
| John Duggan | corporate director | 2025-09 | ||
| John Saich | corporate officer | 2025-09 | ||
| Megan Koppenhoefer | corporate officer | 2024-11 | ||
| Megan Koppenhoefer | w-2 managing employee | 2024-11 | ||
| Megan Koppenhoefer | operational/managerial control | 2024-11 | ||
| Michael Malatesta | corporate officer | 2025-09 | ||
| Robert Breighner | w-2 managing employee | 2025-09 | ||
| Robert Kido | corporate officer | 2025-09 | ||
| Ryan Seymour | corporate officer | 2023-01 | ||
| Ryan Seymour | w-2 managing employee | 2023-01 | ||
| Ryan Seymour | operational/managerial control | 2023-01 | ||
| Thomas Mullin | corporate officer | 2025-09 |
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 |