Ssh - Miami Lakes
dba Select Specialty Hospital - Miami Lakes ·
Miami Lakes, Miami-Dade County, FL
· CCN 102031
Licensed to Select Specialty Hospital - Miami Lakes, Inc.
Composite
37.2
rank score
Distress
8
FY2024
Fit
84
vs thesis
Estimated ticket
$18.0M–$72.0M
60 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- margin deteriorating
- 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 · FY2024
| Net patient revenue | $42.6M |
| Operating margin | 14.3% |
| Total margin | 6.9% |
| Days cash on hand | — |
| Current ratio | 2.45 |
| Occupancy | 97% |
Facility
| Beds | 60 |
| 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 | 60 | $34.6M | $4.2M | 13.8% | 11.7% | — | 0.70 | 94% | 591 | 23 |
| 2022 | 60 | $39.1M | $2.2M | 16.7% | 5.6% | — | 1.50 | 97% | 599 | 0 |
| 2023 | 60 | $38.3M | $-376K | 10.3% | -1.0% | — | 2.26 | 98% | 621 | 10 |
| 2024 | 60 | $42.6M | $2.9M | 14.3% | 6.9% | — | 2.45 | 97% | 636 | 8 |
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 | ||
| Monica Madrigal | corporate officer | 2020-03 | ||
| Monica Madrigal | w-2 managing employee | 2022-03 | ||
| Monica Madrigal | operational/managerial control | 2022-03 | ||
| 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 Dade, 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 |