Ssh - Wilmington Inc
dba Select Specialty Hospital - Wilmington ·
Wilmington, New Castle County, DE
· CCN 082000
Licensed to Select Specialty Hospital - Wilmington Inc
Composite
37.3
rank score
Distress
22
FY2024
Fit
68
vs thesis
Estimated ticket
$9.9M–$39.6M
33 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- current liabilities exceed current assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- 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 | $24.4M |
| Operating margin | 21.4% |
| Total margin | 13.9% |
| Days cash on hand | — |
| Current ratio | 0.82 |
| Occupancy | 92% |
Facility
| Beds | 33 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $300K |
| Per-bed (high) | $1.2M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 35 | $21.2M | $4.5M | 17.5% | 20.1% | — | 1.13 | 84% | 301 | 4 |
| 2022 | 35 | $21.5M | $-347K | 7.4% | -1.6% | — | 1.73 | 88% | 266 | 10 |
| 2023 | 34 | $20.2M | $431K | 2.7% | 2.1% | — | 1.61 | 95% | 246 | 0 |
| 2024 | 33 | $24.4M | $3.4M | 21.4% | 13.9% | — | 0.82 | 92% | 325 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Intensiva Healthcare Corporation | 5% or greater direct ownership interest | 100 | 1998-12 | |
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 1996-12 | |
| Select Medical Corporation | operational/managerial control | 100 | 1996-12 | |
| John Duggan | corporate officer | 1996-12 | ||
| John Duggan | corporate director | 2025-09 | ||
| John Saich | corporate officer | 2025-09 | ||
| Michael Malatesta | corporate officer | 2025-09 | ||
| Robert Breighner | w-2 managing employee | 2025-09 | ||
| Robert Kido | corporate officer | 2025-09 | ||
| Shawn Dilmore | corporate officer | 2026-06 | ||
| Shawn Dilmore | w-2 managing employee | 2026-06 | ||
| Shawn Dilmore | operational/managerial control | 2026-06 | ||
| 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.