dealflow
envelope $200M

← Targets

Ssh -Orlando

dba Select Specialty Hospital Orlando · Orlando, Orange County, FL · CCN 102003
Licensed to Select Specialty Hospital - Orlando Inc

Composite
37.2
rank score
Distress
8
FY2023
Fit
84
vs thesis
Estimated ticket
$29.7M–$119M
99 beds · within envelope
Ownership
for-profit
LTCH

Why it ranks here

  • current ratio under 1.5
  • margin slipping
  • urban — higher occupancy and iteration surface
  • LTCH — distress here is a payment-model artifact
  • bed count in the target band
  • ticket size somewhat below the envelope
  • strong occupancy — good iteration surface
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$66.2M
Operating margin 12.0%
Total margin 6.8%
Days cash on hand
Current ratio 1.28
Occupancy88%

Facility

Beds99
Facility typeLTCH
Settingurban
Ownership classfor-profit
Per-bed (low) $300K
Per-bed (high) $1.2M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 99 $58.1M $4.1M 12.5% 7.0% 1.12 93% 897 4
2021 99 $59.5M $2.5M 7.5% 3.9% 1.23 89% 837 4
2022 99 $60.0M $-860K 5.3% -1.4% 1.28 90% 734 14
2023 99 $66.2M $4.5M 12.0% 6.8% 1.28 88% 778 8

Owners

OwnerRole%SinceType
Select Medical Corporation
Mechanicsburg, PA
5% or greater indirect ownership interest 100 2002-02
Select Medical Corporation
Mechanicsburg, PA
operational/managerial control 100 2005-01
Sempercare, Inc.
Mechanicsburg, PA
5% or greater direct ownership interest 100 2002-02
Jessica Daugherty corporate officer 2024-08
Jessica Daugherty w-2 managing employee 2024-08
Jessica Daugherty operational/managerial control 2024-08
John Duggan corporate officer 2002-02
John Duggan corporate director 2025-10
John Saich corporate officer 2025-10
Marinella Castroman corporate officer 2008-10
Marinella Castroman w-2 managing employee 2008-10
Marinella Castroman operational/managerial control 2008-10
Michael Malatesta corporate officer 2025-04
Robert Breighner w-2 managing employee 2025-10
Robert Kido corporate officer 2025-10
Thomas Mullin corporate officer 2025-10

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 FL

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

DateBuyerSellerHospitalBeds
2019-09-30 Pam Specialty Hospital Of Sarasota Llc New Lifecare Hospitals Of Sarasota, Llc Pam Specialty Hospital Of Sarasota 40
2019-04-03 Select Specialty Hospital - Miami... Promise Hospital Of Dade, Inc. Ssh - Miami Lakes 60
2019-04-03 Select Specialty Hospital - The... Promise Hospital Of Florida At The... Ssh - The Villages 40
2019-04-03 Select Specialty Hospital - Fort... Promise Hospital Of Lee, Inc. Ssh - Fort Myers 60
2018-04-01 Curahealth Jacksonville Llc Memorial Healthcare Group Inc Curahealth Jacksonville Llc 107