Reviewed 2026-06-22

INDIANAPOLIS REHABILITATION HOSPITAL, LLC

Ownership, control, relationships, and source records for INDIANAPOLIS REHABILITATION HOSPITAL, LLC.

Ownership receipt

What we can say clearly

INDIANAPOLIS REHABILITATION HOSPITAL, LLC is marked red because reviewed ownership records connect the facility to private-equity ownership or control. The detailed chain and source links are below.

Finding: CMS-corroborated PE ownership record
Last reviewed: 2026-06-22
Evidence: 5 cited sources

Documented warningOwned or controlled by private equity

INDIANAPOLIS REHABILITATION HOSPITAL, LLC is listed in the April 3, 2026 PE hospital tracker and matches current CMS enrollment and owner records for INDIANAPOLIS REHABILITATION HOSPITAL, LLC. The dossier distinguishes the enrolled legal owner from the broader sponsor and portfolio-company chain.

CMS-corroborated PE ownership record
Last verified Jun 2026

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Key sources

CMS owners

Financial assistance help

Not confirmed

We have not confirmed a Dollar For listing for this facility. This does not mean financial assistance is unavailable.

Control Map

This leads to this

Evidence limits

Red color requiredCCN exact match2 ownership sources checked5 total sources below

Review Note

Why this page is published

government-corroborated

Meets the Phase 3 publication standard for its displayed status

Ownership & Control

Detailed records, kept below the answer

Sponsor, operator, CMS legal-owner/control records, and facility are shown as separate evidence layers.

See the full ownership chain

sponsorsStanton Road Capital → NOBIS REHABILITATION PARTNERS, LLC

The tracker supplies the sponsor-to-platform attribution; CMS does not independently reproduce every sponsor name.

reported ownership or operating chainNOBIS REHABILITATION PARTNERS, LLC → INDIANAPOLIS REHABILITATION HOSPITAL, LLC

The platform attribution comes from the research tracker and is displayed separately from CMS legal-owner rows.

governsTRACEY NIXON → INDIANAPOLIS REHABILITATION HOSPITAL, LLC

CORPORATE OFFICER · associated 08/05/2019

owns an interest inNEPI, LLC → INDIANAPOLIS REHABILITATION HOSPITAL, LLC

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 6% reported ownership · associated 04/26/2023

owns an interest inDARYN EUDALY → INDIANAPOLIS REHABILITATION HOSPITAL, LLC

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 45.58% reported ownership · associated 04/26/2023

owns an interest inALEX BENNETT → INDIANAPOLIS REHABILITATION HOSPITAL, LLC

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 8.39% reported ownership · associated 04/26/2023

owns an interest inNESI, LLC → INDIANAPOLIS REHABILITATION HOSPITAL, LLC

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 6% reported ownership · associated 04/26/2023

owns an interest inSPC CAPITAL, INC. → INDIANAPOLIS REHABILITATION HOSPITAL, LLC

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 22.79% reported ownership · associated 07/28/2025

owns an interest inNEW ERA COMPANIES, LLC → INDIANAPOLIS REHABILITATION HOSPITAL, LLC

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 45.59% reported ownership · associated 04/26/2023

owns an interest inNEC RHI, LLC → INDIANAPOLIS REHABILITATION HOSPITAL, LLC

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 27.58% reported ownership · associated 04/26/2023

owns an interest inWB DEVELOPMENT HOLDINGS, LLC → INDIANAPOLIS REHABILITATION HOSPITAL, LLC

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 33.58% reported ownership · associated 04/26/2023

controls or managesNOBIS REHABILITATION PARTNERS, LLC → INDIANAPOLIS REHABILITATION HOSPITAL, LLC

OPERATIONAL/MANAGERIAL CONTROL · 100% reported ownership · associated 02/03/2021

owns an interest inNEWERA NOBIS OPERATIONS HOLDINGS, LLC → INDIANAPOLIS REHABILITATION HOSPITAL, LLC

5% OR GREATER DIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 06/07/2019

owns an interest inNOBIS HOSPITAL INVESTMENTS, LLC → INDIANAPOLIS REHABILITATION HOSPITAL, LLC

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 6% reported ownership · associated 04/26/2023

owns an interest inGINA WILSON → INDIANAPOLIS REHABILITATION HOSPITAL, LLC

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 25.19% reported ownership · associated 04/26/2023

owns an interest inAHAC INVESTMENTS, LLC → INDIANAPOLIS REHABILITATION HOSPITAL, LLC

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 8.39% reported ownership · associated 04/26/2023

owns an interest inNEWERA IRF HOLDINGS, LLC → INDIANAPOLIS REHABILITATION HOSPITAL, LLC

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 06/07/2019

CMS owner rows establish enrolled legal ownership or control roles; they do not always name the ultimate financial sponsor.
Sponsor and portfolio-company labels come from the cited tracker or primary portfolio evidence.

Timeline

Ownership history and events

Current / undated
owns
The tracker identifies Nobis Rehabilitation Partners in the PE ownership chain, and CMS supplies current enrolled-owner records for the facility.

Metrics

Financial and utilization series

Metric	Period	Value	Method note
net patient revenue	01/01/2023 to 12/31/2023	$19,346,461	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue	01/01/2022 to 12/31/2022	$16,972,410	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue	03/18/2021 to 12/31/2021	$10,696,084	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	01/01/2023 to 12/31/2023	$17,241,493	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	01/01/2022 to 12/31/2022	$15,764,097	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	03/18/2021 to 12/31/2021	$10,762,841	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	01/01/2023 to 12/31/2023	$2,127,916	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	01/01/2022 to 12/31/2022	$1,221,580	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	03/18/2021 to 12/31/2021	-$55,801	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	01/01/2023 to 12/31/2023	$5,120,997	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	01/01/2022 to 12/31/2022	$4,285,467	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	03/18/2021 to 12/31/2021	$5,102,846	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	01/01/2023 to 12/31/2023	$2,569,728	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	01/01/2022 to 12/31/2022	$2,512,663	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	03/18/2021 to 12/31/2021	$2,801,624	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	03/18/2021 to 12/31/2021	47.67 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	01/01/2023 to 12/31/2023	40 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	01/01/2022 to 12/31/2022	40 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	03/18/2021 to 12/31/2021	40 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	01/01/2023 to 12/31/2023	10,795 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	01/01/2022 to 12/31/2022	9,334 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	03/18/2021 to 12/31/2021	6,439 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	01/01/2023 to 12/31/2023	896 discharges	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	01/01/2022 to 12/31/2022	784 discharges	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	03/18/2021 to 12/31/2021	519 discharges	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.

Evidence Notes

Contradictions, limitations, and unavailable fields

Open evidence notes

Unavailable

Precise acquisition date

Unavailable

Official facility URL

Unavailable

Current CMS overall rating

Direct connection

Reported parent system or portfolio company: Nobis Rehabilitation Partners.

Direct connection

Reported investment sponsor: Stanton Road Capital.

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Take the evidence with you

CSVEvidence CSV — every source with dates and URLsSpreadsheet-friendly source audit for this hospital JSONFull evidence file JSONComplete structured evidence file exactly as published

Sources

Evidence and source documents

governmentHospitals RAPTHomeland Infrastructure Foundation-Level Data researchPrivate Equity Hospital TrackerPrivate Equity Stakeholder Project governmentHospital EnrollmentsCenters for Medicare & Medicaid Services governmentHospital All OwnersCenters for Medicare & Medicaid Services governmentHospital Provider Cost ReportsCenters for Medicare & Medicaid Services