Clearsky Rehabilitiation Hospital Of

Mansfield, Tarrant County, TX · CCN 673088
Licensed to Clearsky Rehabilitation Hospital Of Mansfield Llc

Composite

76.3

rank score

Distress

FY2024

Fit

vs thesis

Estimated ticket

$13.7M–$54.6M

60 beds · within envelope

Ownership

for-profit

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 30-45%
TX: favorable regulatory climate
urban — higher occupancy and iteration surface
specialty facility — narrower problem scope
bed count in the target band
small ticket — deploys little of the available capital
thin occupancy
for-profit — no charitable conversion review

Latest financials · FY2024

Net patient revenue	$11.8M
Operating margin	-36.6%
Total margin	-36.6%
Days cash on hand	0
Current ratio	0.57
Occupancy	43%

Facility

Beds	60
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
2024	60	$11.8M	$-4.3M	-36.6%	-36.6%	0	0.57	43%	493	97

Owners

Owner	Role	%	Since
Clearsky Health Acquisition Llc Albuquerque, NM	5% or greater direct ownership interest	100	2021-09
Clearsky Health Holdings Llc Albuquerque, NM	5% or greater indirect ownership interest	100	2021-09
Clearsky Health Intermediate Llc Albuquerque, NM	5% or greater indirect ownership interest	100	2021-09
Bw Clearsky Aiv Iv Lp New York, NY	5% or greater indirect ownership interest	45	2023-11
Peloton Clearsky Inc Greenwich, CT	5% or greater indirect ownership interest	45	2023-11
Bw Aiv Iv Direct Feeder Lp New York, NY	5% or greater indirect ownership interest	35	2023-11
Peloton Clearsky Llc Greenwich, CT	5% or greater indirect ownership interest	22	2023-11
Peloton Equity Ii Lp Greenwich, CT	5% or greater indirect ownership interest	22	2023-11
Bw Clearsky Aiv Iv C Corp New York, NY	5% or greater indirect ownership interest	9	2023-11
Bw Clearsky Aiv Iv Indirect Feeder Lp New York, NY	5% or greater indirect ownership interest	9	2023-11
Leavitt Equity Partners Ii Lp Salt Lake City, UT	5% or greater indirect ownership interest	6	2023-11
Clearsky Employee Holdings-A, Llc New York, NY	5% or greater indirect ownership interest	5	2023-11
Claude Brockette	corporate officer		2021-09
Jeremy Kogler	corporate officer		2021-09
Kristi Duncan	corporate officer		2021-09
Lucky Denenga	w-2 managing employee		2026-04
Lucky Denenga	operational/managerial control		2026-04
Michael Warrington	corporate officer		2024-12
Sheryl Gentile	corporate officer		2021-09
Steven Bailey	w-2 managing employee		2023-01
Steven Bailey	operational/managerial control		2023-01
Theodore Lundberg	corporate officer		2021-09

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.

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