Ssh - Fort Myers
dba Select Specialty Hospital-Fort Myers ·
Fort Myers, Lee County, FL
· CCN 102029
Licensed to Select Specialty Hospital - Fort Myers, Inc.
Composite
59.5
rank score
Distress
62
FY2024
Fit
78
vs thesis
Estimated ticket
$15.3M–$61.2M
60 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- bed count in the target band
- 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 | $23.0M |
| Operating margin | -10.7% |
| Total margin | -14.5% |
| Days cash on hand | — |
| Current ratio | 1.83 |
| Occupancy | 61% |
Facility
| Beds | 60 |
| 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 | 60 | $26.5M | $2.2M | 6.7% | 7.6% | — | 1.50 | 76% | 585 | 14 |
| 2022 | 60 | $27.4M | $-3.9M | -4.4% | -14.3% | — | 2.12 | 77% | 534 | 41 |
| 2023 | 60 | $27.2M | $-3.3M | -1.9% | -12.0% | — | 0.96 | 71% | 575 | 53 |
| 2024 | 60 | $23.0M | $-3.3M | -10.7% | -14.5% | — | 1.83 | 61% | 521 | 62 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2019-04 | |
| Select Medical Corporation | operational/managerial control | 100 | 2019-04 | |
| Select Specialty Hospitals Inc | 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 | ||
| Michael Malatesta | corporate officer | 2025-09 | ||
| Randy Blanchard | corporate officer | 2025-03 | ||
| Randy Blanchard | w-2 managing employee | 2025-03 | ||
| Randy Blanchard | operational/managerial control | 2025-03 | ||
| Robert Breighner | w-2 managing employee | 2025-09 | ||
| Robert Kido | corporate officer | 2025-09 | ||
| Thomas Mullin | corporate officer | 2025-09 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-04-03 | change of ownership | Select Specialty Hospital -... | Promise Hospital Of Lee, Inc. |
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 |