Shannon Rehabilitation Hospital An
dba Shannon Rehabilitation Hospital, An Affiliate Of Encompass Health ·
San Angelo, Tom Green County, TX
· CCN 673078
Licensed to Shannon Rehabilitation Hospital Llc
Composite
73.4
rank score
Distress
79
FY2024
Fit
90
vs thesis
Estimated ticket
$9.1M–$36.4M
40 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- 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 · FY2024
| Net patient revenue | $15.9M |
| Operating margin | -16.3% |
| Total margin | -13.5% |
| Days cash on hand | 0 |
| Current ratio | -1.12 |
| Occupancy | 72% |
Facility
| Beds | 40 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $228K |
| Per-bed (high) | $910K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 40 | $18.6M | $-3.9M | -21.1% | -20.8% | 0 | -2.93 | 71% | 997 | 91 |
| 2023 | 40 | $17.1M | $-3.2M | -18.5% | -18.4% | 0 | -3.96 | 80% | 932 | 91 |
| 2024 | 40 | $15.9M | $-2.2M | -16.3% | -13.5% | 0 | -1.12 | 72% | 899 | 79 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Encompass Health Corporation | 5% or greater indirect ownership interest | 51 | 2019-09 | chain |
| Encompass Health Joint Ventures Holdings, Llc | 5% or greater indirect ownership interest | 51 | 2019-09 | |
| Encompass Health San Angelo Holdings, Llc | 5% or greater direct ownership interest | 51 | 2019-09 | |
| Shannon Health System | 5% or greater direct ownership interest | 49 | 2019-09 | |
| Vanguard Group Inc | 5% or greater indirect ownership interest | 5 | 2023-12 | |
| Carey Mcrae | operational/managerial control | 2025-01 | ||
| Carey Mcrae | other | 2025-01 | ||
| Jacob Truelove | w-2 managing employee | 2024-12 | ||
| 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 |