🛡️ Public data only — no PHI permitted on this instance.

HOSP

KESSLER INSTITUTE FOR REHABILIATATIO

CCN 313025|LOC WEST ORANGE, NJ|BEDS 336|NPR $255.5M|MARGIN 13.2%

B-

SeekingChartis Score

INVESTMENT THESIS

Selective: KESSLER INSTITUTE FOR REHABILIATATI

/ 100 (C)

+$18.8M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$255.5M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

56%

CATALYSTS

▲RCM uplift of $18.8M (+736bps)

▲Platform-sized facility

RISKS

▼Elevated distress risk (44%)

Hold / Selective — investigate specific opportunities but be prepared for execution risk.

Peer Analysis EBITDA Bridge Data Room IC Memo ML Detail

$255.5M

Net Patient Revenue

13.2%

Operating Margin

$33.7M

Net Income

336

Licensed Beds

$760K

Revenue per Bed

$221.8M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 44%■ MEDICAID · 1%■ COMMERCIAL · 55%

Score Breakdown

SCComposite · 69/100

Component	Score	Max	%
Market Position	22	35	63%
Financial Health	23	25	92%
Operational Quality	0	20	0%
Competitive Moat	10	20	49%

Comparable Hospitals

CMP

CCN	Hospital	Beds	NPR
310001	HACKENSACK UNIVERSITY MEDICAL CENTER	779	$0M
310002	NEWARK BETH ISRAEL MEDICAL CENTER	422	$0M
310003	PALISADES MEDICAL CENTER	186	$0M
310005	HUNTERDON MEDICAL CENTER	184	$0M
310006	ST. MARYS HOSPITAL - PASSAIC	122	$0M

Team Notes

NOTE0 entries

Actions

ACT

WFDiligence Workflow

Competitive Intel EBITDA Bridge Data Room IC Memo Scenarios

AIDeep Analysis

ML Analysis Demand 3-Year History Stats Bayesian

FINFinancial Models

DCF LBO 3-Statement Returns Market Denial

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