Ssh - Es Midtown Atlanta
dba Select Specialty Hospital-Midtown Atlanta ·
Atlanta, Fulton County, GA
· CCN 112004
Licensed to Select Specialty Hospital Midtown Atlanta Llc
Composite
61.3
rank score
Distress
64
FY2024
Fit
82
vs thesis
Estimated ticket
$18.4M–$73.4M
72 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- liabilities exceed assets
- margin deteriorating sharply
- 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 | $40.2M |
| Operating margin | -5.6% |
| Total margin | -5.3% |
| Days cash on hand | — |
| Current ratio | 1.87 |
| Occupancy | 69% |
Facility
| Beds | 72 |
| 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 | 112 | $54.7M | $402K | -1.7% | 0.7% | — | 1.33 | 67% | 646 | 39 |
| 2022 | 100 | $53.0M | $-5.1M | -10.2% | -9.7% | — | 2.32 | 67% | 572 | 67 |
| 2023 | 72 | $38.7M | $-4.4M | -11.6% | -11.3% | — | 2.02 | 67% | 441 | 71 |
| 2024 | 72 | $40.2M | $-2.1M | -5.6% | -5.3% | — | 1.87 | 69% | 433 | 64 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Es Ltach Llc | 5% or greater direct ownership interest | 100 | 2017-01 | |
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2016-06 | |
| Select Medical Corporation | operational/managerial control | 100 | 2016-06 | |
| Intensiva Healthcare Corporation | 5% or greater indirect ownership interest | 96 | 2017-01 | |
| Emory Rehabilitation Llc | 5% or greater indirect ownership interest | 4 | 2023-01 | |
| John Duggan | corporate officer | 2016-06 | ||
| John Duggan | corporate director | 2025-09 | ||
| John Saich | corporate officer | 2025-09 | ||
| Kimberly Bentley | corporate officer | 2024-07 | ||
| Kimberly Bentley | w-2 managing employee | 2024-07 | ||
| Kimberly Bentley | operational/managerial control | 2024-07 | ||
| 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
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2016-06-28 | change of ownership | Select Specialty Hospital... | Kindred Hospitals Limited Partnership |
Who has been buying in GA
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 |
|---|---|---|---|---|
| 2016-06-28 | Select Specialty Hospital Midtown... | Kindred Hospitals Limited Partnership | Ssh - Es Midtown Atlanta | 72 |