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Rehabilitation hospital · Phoenix, Arizona · 168 beds · CMS certification number 033042

Banner Rehabilitation Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended July 31, 2025, settled, stamped by CMS May 29, 2026. Five years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$112.5M
$112,452,685 · G-3 line 3
Operating expenses
$89.2M
$89,177,807 · G-3 line 4
Result from patient care
$23.3M
$23,274,878 · G-3 line 5
Margin on patient care
20.7%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $33.2M in its first year on file (2021) to $112.5M in 2025.
  • Its result from patient care: $13.7M (2023), $19.3M (2024), $23.3M (2025).
  • All 5 rehabilitation hospital peers below with a margin on file also report a gain on patient care for fiscal year 2025.
  • Medicaid paid for 0.4% of its inpatient days and Medicare for 39.0%.
  • SELECT MEDICAL CORPORATION holds 100% of it, on its Medicare enrollment.

Every statement is drawn from figures on this page; nothing is estimated.

Five years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
2021
settled
$33.2M
$35.5M
2022
settled
$58.8M
$57.1M
2023
settled
$89.1M
$75.4M
2024
settled
$103.2M
$83.9M
2025
settled
$112.5M
$89.2M

Beside its peers

Hospitals of the same type (rehabilitation hospital), nearest in size, from Arizona first; each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Banner Rehabilitation Hospital168$112,452,685$89,177,80720.7%
Encompass Health Rehabilitation Hospital of East Valley, Mesa70$36,598,849$31,968,05812.7%
Encompass Health Rehabilitation Hospital of Scottsdale, Scottsdale60$27,841,677$26,285,2445.6%
Encompass Health Rehabilitation Institute of Tucson, Tucson80$35,460,253$31,522,42811.1%
Encompass Health Valley of the Sun Rehabilitation Hospital, Glendale75$26,611,963$24,678,3217.3%
Yuma Rehabilitation Hospital, an Affiliation of Encompass Health and Y, Yuma61$36,189,751$28,781,43120.5%

Patients and payers

Discharges
3,981
S-3 line 14, col 15
Inpatient days
53,175
S-3 line 14, col 8
Beds in use, on an average day
146.1
days ÷ days in year
Occupancy
86.7%
days ÷ bed days
Medicare share of days
39.0%
S-3 cols 6 ÷ 8
Medicaid share of days
0.4%
S-3 cols 7 ÷ 8

Who owns it

  • SELECT MEDICAL CORPORATION100%
  • SELECT MEDICAL HOLDINGS CORPORATION100%
  • SELECT SPECIALTY HOSPITALS INC100%
  • VICTORIA HEALTHCARE INC100%
  • SELECT PHYSICAL THERAPY HOLDINGS INC51%
  • BANNER HEALTH49%
  • STALLION GROUP PARENT LP47%
  • STALLION INTERMEDIATE CORPORATION47%
  • WCAS XIV LP20%
  • ROBERT A ORTENZIO9%
  • CAS STALLION CO INVESTMENTS LP7%

Related organizations on its own cost report: BANNER HEALTH, healthcare; SELECT PT HOLDI, healthcare.

Other hospitals with the same owner: Select Specialty Hospital - Birmingham (AL), Banner - University Medical Center Phoenix (AZ), Banner Casa Grande Medical Center (AZ), Banner Boswell Medical Center (AZ), Banner - University Medical Center Tucson Campus (AZ), Banner Desert Medical Center (AZ), Banner Baywood Medical Center (AZ), Banner Thunderbird Medical Center (AZ), Banner Del E Webb Medical Center (AZ), Banner Heart Hospital (AZ), Banner - University Medical Center South Campus (AZ), Banner Estrella Medical Center (AZ).

Type of control on its cost report: proprietary, corporation.

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 033042. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read May 29, 2026.