Ssh -Tallahassee Inc.
dba Select Specialty Hospital - Tallahassee ·
Tallahassee, Leon County, FL
· CCN 102020
Licensed to Select Specialty Hospital - Tallahassee Inc
Composite
57.3
rank score
Distress
58
FY2024
Fit
78
vs thesis
Estimated ticket
$12.2M–$49.0M
48 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin -10% to -5%
- total margin below -8%
- current liabilities exceed current assets
- margin slipping
- 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 | $24.2M |
| Operating margin | -8.8% |
| Total margin | -11.0% |
| Days cash on hand | — |
| Current ratio | 0.93 |
| Occupancy | 68% |
Facility
| Beds | 48 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $255K |
| Per-bed (high) | $1.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 48 | $22.9M | $-2.3M | -1.7% | -9.7% | — | 0.55 | 71% | 433 | 73 |
| 2022 | 48 | $24.8M | $-1.9M | -5.6% | -7.6% | — | 0.76 | 74% | 423 | 61 |
| 2023 | 48 | $24.8M | $-2.0M | -3.6% | -7.9% | — | 0.97 | 74% | 352 | 47 |
| 2024 | 48 | $24.2M | $-2.7M | -8.8% | -11.0% | — | 0.93 | 68% | 365 | 58 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2007-04 | |
| Select Medical Corporation | operational/managerial control | 100 | 2007-04 | |
| Select Specialty Hospital - Tallahassee Inc | 5% or greater direct ownership interest | 100 | 2007-04 | |
| Sempercare, Inc. | 5% or greater direct ownership interest | 100 | 2007-04 | |
| Elmer Swiney | corporate officer | 2024-04 | ||
| Elmer Swiney | w-2 managing employee | 2024-04 | ||
| Elmer Swiney | operational/managerial control | 2024-04 | ||
| John Duggan | corporate officer | 2007-04 | ||
| 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 | ||
| 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 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 |