Cobalt Rehab Hospital El Paso
dba Pam Health Rehabilitation Hospital Of El Paso ·
El Paso, TX
· CCN 673075
Licensed to Cobalt Rehabilitation Hospital El Paso
Composite
54.1
rank score
Distress
36
FY2023
Fit
90
vs thesis
Estimated ticket
$13.7M–$54.6M
42 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin under 2%
- total margin under 2%
- under 30 days cash on hand
- debt above 85% of assets
- 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
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $17.5M |
| Operating margin | 1.4% |
| Total margin | 1.6% |
| Days cash on hand | 3 |
| Current ratio | 1.55 |
| Occupancy | 66% |
Facility
| Beds | 42 |
| 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 | 40 | $4.4M | $-3.2M | -74.2% | -74.2% | 116 | -0.76 | 26% | 214 | 82 |
| 2021 | 40 | $5.8M | $-7.8M | -133.9% | -133.8% | — | 0.05 | 30% | 306 | 96 |
| 2022 | 40 | $13.7M | $-1.3M | -11.1% | -9.5% | 0 | 0.95 | 59% | 647 | 86 |
| 2023 | 42 | $17.5M | $282K | 1.4% | 1.6% | 3 | 1.55 | 66% | 799 | 36 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Pam Health Blocker Purchaser Inc. | 5% or greater indirect ownership interest | 100 | 2023-05 | |
| Brittany Misitano | 5% or greater indirect ownership interest | 74 | 2021-11 | |
| Pam Cubed Llc | 5% or greater indirect ownership interest | 72 | 2023-05 | chain |
| Curahealth Rehabilitation Holdco, Llc | 5% or greater direct ownership interest | 60 | 2023-05 | |
| Thomason Cares Inc | 5% or greater direct ownership interest | 40 | 2023-03 | |
| Curahealth Rehabilitation Blocker Corp | 5% or greater indirect ownership interest | 28 | 2023-05 | |
| Anthony Estrada | w-2 managing employee | 2026-05 | ||
| Anthony Misitano | corporate officer | 2021-11 | ||
| Brittany Misitano | corporate officer | 2021-11 | ||
| Karick Stober | corporate officer | 2021-11 | ||
| Wells Fargo Bank, N.a. | 5% or greater security interest | 2024-07 |
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 |