dealflow
envelope $200M

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Pam Health Rehab Hospital Of Tavares

Tavares, Lake County, FL · CCN 103056
Licensed to Pam Rehabilitation Hospital Of Tavares Llc

Composite
69.4
rank score
Distress
77
FY2023
Fit
82
vs thesis
Estimated ticket
$9.6M–$38.2M
42 beds · within envelope
Ownership
for-profit
RH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • debt above 85% of assets
  • occupancy 45-60%
  • part of a multi-hospital chain — divestiture candidate
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • small but workable bed count
  • small ticket — deploys little of the available capital
  • moderate occupancy
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$10.4M
Operating margin -28.1%
Total margin -28.0%
Days cash on hand 0
Current ratio 1.89
Occupancy48%

Facility

Beds42
Facility typeRH
Settingurban
Ownership classfor-profit
Per-bed (low) $228K
Per-bed (high) $910K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2023 42 $10.4M $-2.9M -28.1% -28.0% 0 1.89 48% 449 77

Owners

OwnerRole%SinceType
Anthony Misitano corporate officer 2021-05
Brittany Misitano 5% or greater indirect ownership interest 2021-05
Brittany Misitano corporate officer 2021-05
Jacob Mcguirt w-2 managing employee 2023-01
Karick Stober corporate officer 2021-05
Pam Cubed Florida Llc
Enola, PA
5% or greater direct ownership interest 2021-05
Pam Cubed Llc
Enola, PA
5% or greater indirect ownership interest 2021-05 chain
Pam Cubed Llc
Enola, PA
other 2024-04 chain
Wells Fargo Bank, N.a.
Minneapolis, MN
5% or greater security interest 2024-07

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.