dealflow
envelope $200M

← Targets

Reunion Rehabilitation Hospital Arli

dba Pensa Nuwind, Llc · Arlington, Tarrant County, TX · CCN 673081
Licensed to Reunion Rehabilitation Hospital Arlington, Llc

Composite
72.6
rank score
Distress
84
FY2024
Fit
87
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
  • 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

Latest financials · FY2024

Net patient revenue$15.4M
Operating margin -14.9%
Total margin -14.9%
Days cash on hand 21
Current ratio 0.56
Occupancy57%

Facility

Beds40
Facility typeRH
Settingurban
Ownership classfor-profit
Per-bed (low) $228K
Per-bed (high) $910K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2023 40 $2.4M $-873K -37.1% -37.1% 94 0.81 33% 109 74
2024 40 $15.4M $-2.3M -14.9% -14.9% 21 0.56 57% 623 84

Owners

OwnerRole%SinceType
Reunion Hospital Holdings, Llc
Dallas, TX
5% or greater direct ownership interest 100 2023-02
Kevin Loh 5% or greater indirect ownership interest 22 2023-02
Mandola International Limited, Llc
Honolulu, HI
5% or greater indirect ownership interest 22 2026-02
Mandola, Inc
Honolulu, HI
5% or greater indirect ownership interest 22 2023-02
Merit Gala Limited, Inc.
Honolulu, HI
5% or greater indirect ownership interest 22 2026-02
Pensa Nuwind, Llc
Honolulu, HI
5% or greater indirect ownership interest 22 2023-02
Kai' Ohu Amg, Inc.
Honolulu, HI
5% or greater indirect ownership interest 19 2023-02
Michael Bennett 5% or greater indirect ownership interest 19 2023-02
Shu Wing Leung 5% or greater indirect ownership interest 11 2026-02
Miu King Leung 5% or greater indirect ownership interest 11 2026-02
David Moore 5% or greater indirect ownership interest 7 2023-02
Nobis Rehabilitation Partners, Llc
Lucas, TX
operational/managerial control 2023-02
Tracey Nixon corporate officer 2023-02
Tyrrell Taplin w-2 managing employee 2025-08

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.

DateBuyerSellerHospitalBeds
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