Longview Rehabilitation Hospital
Longview, Gregg County, TX
· CCN 673073
Licensed to Crh Of Longview Llc
Already transacted. CMS recorded an ownership change effective
2023-03-01. Confirm the current owner before spending a call on this.
Composite
22.6
rank score
Distress
66
FY2023
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%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- liabilities exceed assets
- occupancy 45-60%
- 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
- changed ownership 2023-03-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $10.4M |
| Operating margin | -7.7% |
| Total margin | -7.7% |
| Days cash on hand | 3 |
| Current ratio | 1.08 |
| Occupancy | 53% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | 36 | $1.0M | $-1.2M | -115.2% | -114.9% | 75 | 0.56 | 25% | 64 | 88 |
| 2020 | 36 | $8.5M | $-3.1M | -36.7% | -35.7% | 53 | 0.43 | 46% | 493 | 88 |
| 2021 | 36 | $12.9M | $308K | -0.9% | 2.3% | 44 | 1.44 | 57% | 624 | 49 |
| 2022 | 36 | $11.9M | $-2.8M | -23.7% | -23.5% | 4 | -1.88 | 56% | 609 | 93 |
| 2023 | 36 | $10.4M | $-798K | -7.7% | -7.7% | 3 | 1.08 | 53% | 532 | 66 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Centerre Healthcare Llc | 5% or greater direct ownership interest | 100 | 2023-03 | |
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 100 | 2023-03 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 100 | 2023-03 | |
| Lifepoint Rehab Blocker Llc | 5% or greater indirect ownership interest | 100 | 2023-03 | |
| Lifepoint Rehab Blocker Parent Llc | 5% or greater indirect ownership interest | 100 | 2023-03 | |
| Lifepoint Rehab Llc | 5% or greater indirect ownership interest | 100 | 2023-03 | |
| Charlotte Lawrence | corporate officer | 2023-03 | ||
| Christopher Monte | corporate officer | 2023-03 | ||
| John Grooms | corporate officer | 2023-03 | ||
| Joseph Fuller | corporate officer | 2023-03 | ||
| Marcus Poppell | other | 2023-03 | ||
| Martin Mann | corporate officer | 2023-03 | ||
| Russell Bailey | corporate officer | 2023-03 | ||
| Toyia Urbaniak | w-2 managing employee | 2023-03 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2023-03-01 | change of ownership | Crh Of Longview Llc | Everest Rehabilitation... |
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 |