dealflow
envelope $200M

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Ssh - The Villages

dba Select Specialty Hospital-The Villages · Oxford, Sumter County, FL · CCN 102028
Licensed to Select Specialty Hospital - The Villages, Inc.

Composite
53.4
rank score
Distress
49
FY2024
Fit
78
vs thesis
Estimated ticket
$12.0M–$48.0M
40 beds · within envelope
Ownership
for-profit
LTCH

Why it ranks here

  • operating margin negative
  • total margin below -8%
  • 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$21.9M
Operating margin -1.9%
Total margin -11.0%
Days cash on hand
Current ratio 3.55
Occupancy83%

Facility

Beds40
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
2021 40 $23.1M $5.3M 15.1% 21.1% 1.33 89% 472 4
2022 40 $18.8M $-4.2M -11.1% -23.0% 2.22 69% 365 57
2023 40 $21.8M $105K 3.1% 0.5% 2.72 83% 423 19
2024 40 $21.9M $-2.4M -1.9% -11.0% 3.55 83% 403 49

Owners

OwnerRole%SinceType
Select Medical Corporation
Mechanicsburg, PA
5% or greater indirect ownership interest 100 2019-04
Select Medical Corporation
Mechanicsburg, PA
operational/managerial control 100 2019-04
Select Specialty Hospitals Inc
Mechanicsburg, PA
5% or greater direct ownership interest 100 2019-04
John Duggan corporate officer 2019-04
John Duggan corporate director 2025-09
John Saich corporate officer 2025-09
Marinella Castroman corporate officer 2020-02
Marinella Castroman w-2 managing employee 2020-02
Marinella Castroman operational/managerial control 2020-02
Michael Malatesta corporate officer 2025-09
Michael Poli corporate officer 2024-04
Michael Poli operational/managerial control 2024-04
Robert Breighner w-2 managing employee 2025-09
Robert Kido corporate officer 2025-09
Thomas Mullin corporate officer 2025-09

Ownership changes

DateTypeBuyerSeller
2019-04-03 change of ownership Select Specialty Hospital -... Promise Hospital Of Florida At...

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