dealflow
envelope $200M

← Targets

Everest Rehab Hospital El Paso

dba The Hospitals Of Providence Rehabilitation Hospital East · El Paso, El Paso County, TX · CCN 673083
Licensed to Crh Of El Paso, Llc

Composite
76.2
rank score
Distress
100
FY2023
Fit
78
vs thesis
Estimated ticket
$8.2M–$32.8M
36 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 below 30%
  • 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
  • very low occupancy — limited volume to learn from
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$1.3M
Operating margin -151.8%
Total margin -151.8%
Days cash on hand 2
Current ratio 0.73
Occupancy14%

Facility

Beds36
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 36 $1.3M $-2.0M -151.8% -151.8% 2 0.73 14% 60 100

Owners

OwnerRole%SinceType
Dsb Acquisition Llc
New York, NY
5% or greater indirect ownership interest 100 2023-08
Lifepoint Health Inc
Brentwood, TN
5% or greater indirect ownership interest 100 2023-08
Lifepoint Rehab Blocker Llc
Brentwood, TN
5% or greater indirect ownership interest 100 2023-08
Lifepoint Rehab Blocker Parent Llc
Brentwood, TN
5% or greater indirect ownership interest 100 2023-08
Lifepoint Rehab Llc
Brentwood, TN
5% or greater indirect ownership interest 100 2023-08
Tenet Hospitals Limited
Dallas, TX
5% or greater direct ownership interest 51 2024-09
Lpnt Irf Development 81, Llc
Brentwood, TN
5% or greater direct ownership interest 49 2024-09
Charlotte Lawrence corporate officer 2023-08
Christopher Monte corporate officer 2023-08
John Grooms corporate officer 2023-08
Joseph Fuller corporate officer 2023-08
Marcus Poppell operational/managerial control 2023-08
Martin Mann corporate officer 2023-08
Russell Bailey corporate officer 2023-08
Trevor Storms w-2 managing employee 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.

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