Pam Specialty Hospital Of Sarasota
Sarasota, Sarasota County, FL
· CCN 102018
Licensed to Pam Specialty Hospital Of Sarasota Llc
Composite
48.6
rank score
Distress
34
FY2024
Fit
78
vs thesis
Estimated ticket
$12.0M–$48.0M
40 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- under 30 days cash on hand
- debt above 70% of assets
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- 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 | $23.3M |
| Operating margin | 4.6% |
| Total margin | 5.0% |
| Days cash on hand | 0 |
| Current ratio | 3.46 |
| Occupancy | 85% |
Facility
| Beds | 40 |
| 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 | 40 | $26.6M | $4.0M | 12.1% | 14.7% | 0 | 1.41 | 89% | 503 | 26 |
| 2022 | 40 | $25.2M | $3.3M | 12.3% | 13.0% | 0 | 2.82 | 87% | 500 | 22 |
| 2023 | 40 | $26.3M | $3.7M | 13.7% | 13.9% | 0 | 2.05 | 88% | 512 | 30 |
| 2024 | 40 | $23.3M | $1.2M | 4.6% | 5.0% | 0 | 3.46 | 85% | 485 | 34 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Pam Cubed Florida Llc | 5% or greater direct ownership interest | 100 | 2021-05 | |
| Pam Cubed Llc | 5% or greater indirect ownership interest | 100 | 2019-09 | chain |
| Brittany Misitano | 5% or greater direct ownership interest | 74 | 2019-09 | |
| Andrew Schwartz | w-2 managing employee | 2024-03 | ||
| Anthony Misitano | corporate officer | 2019-08 | ||
| Brittany Misitano | corporate officer | 2019-08 | ||
| Karick Stober | corporate officer | 2019-08 | ||
| Wells Fargo Bank, N.a. | 5% or greater security interest | 2024-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-09-30 | change of ownership | Pam Specialty Hospital Of Sarasota Llc | New Lifecare Hospitals Of Sarasota, Llc |
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.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 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 |