dealflow
envelope $200M

← Targets

Ssh - Tucson

dba Select Specialty Hospital - Tucson Northwest · Tucson, Pima County, AZ · CCN 032002
Licensed to Select Specialty Hospital Tucson Llc

Composite
61.4
rank score
Distress
62
FY2024
Fit
78
vs thesis
Estimated ticket
$14.8M–$59.2M
58 beds · within envelope
Ownership
for-profit
LTCH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • current ratio under 1.5
  • debt above 85% of assets
  • part of a multi-hospital chain — divestiture candidate
  • urban — higher occupancy and iteration surface
  • LTCH — distress here is a payment-model artifact
  • bed count in the target band
  • small ticket — deploys little of the available capital
  • strong occupancy — good iteration surface
  • for-profit — no charitable conversion review

Latest financials · FY2024

Net patient revenue$24.1M
Operating margin -15.0%
Total margin -14.9%
Days cash on hand
Current ratio 1.31
Occupancy63%

Facility

Beds58
Facility typeLTCH
Settingurban
Ownership classfor-profit
Per-bed (low) $255K
Per-bed (high) $1.0M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 51 $6.3M $-1.2M -21.5% -18.3% 38 0.49 24% 232 91
2022 30 $12.7M $-4.1M -32.7% -32.5% 1 2.02 64% 306 67
2023 58 $15.7M $-3.3M -18.2% -20.8% 0 1.06 41% 374 76
2024 58 $24.1M $-3.6M -15.0% -14.9% 1.31 63% 483 62

Owners

OwnerRole%SinceType
Select Medical Corporation
Mechanicsburg, PA
operational/managerial control 100 2021-07 chain
Select Specialty Hospitals Inc
Mechanicsburg, PA
5% or greater indirect ownership interest 100 2021-07
Select Tucson Holdings Llc
Mechanicsburg, PA
5% or greater direct ownership interest 100 2021-07
Select Medical Corporation
Mechanicsburg, PA
5% or greater indirect ownership interest 83 2021-07 chain
Hospital Holdings Corporation
Mechanicsburg, PA
5% or greater indirect ownership interest 66 2021-07
Northwest Hospital Llc
Tucson, AZ
5% or greater indirect ownership interest 17 2021-07
Dawn Tschabrun corporate officer 2021-07
Dawn Tschabrun w-2 managing employee 2021-07
Dawn Tschabrun operational/managerial control 2021-07
John Duggan corporate officer 2021-07
John Duggan corporate director 2025-09
John Saich corporate officer 2025-09
Mark Powell corporate officer 2023-04
Mark Powell w-2 managing employee 2023-04
Mark Powell operational/managerial control 2023-04
Michael Malatesta corporate officer 2025-09
Robert Breighner w-2 managing employee 2025-09
Robert Kido corporate officer 2025-09
Thomas Mullin corporate officer 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 AZ

Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.

DateBuyerSellerHospitalBeds
2024-05-14 Phoenix Specialty Hospital Kpc Promise Hospital Of Phoenix, Llc Kpc Promise Hospital Of Phoenix 48