Ssh - Quad Cities Inc.
dba Select Specialty Hospital - Quad Cities ·
Davenport, Scott County, IA
· CCN 162001
Licensed to Select Specialty Hospital - Quad Cities Inc
Composite
57.0
rank score
Distress
69
FY2024
Fit
65
vs thesis
Estimated ticket
$8.9M–$35.7M
35 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- current ratio under 1.5
- occupancy 45-60%
- 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
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $13.4M |
| Operating margin | -17.0% |
| Total margin | -17.9% |
| Days cash on hand | — |
| Current ratio | 1.14 |
| Occupancy | 57% |
Facility
| Beds | 35 |
| 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 | 50 | $14.8M | $-17.5K | 2.9% | -0.1% | — | 0.49 | 46% | 304 | 30 |
| 2022 | 50 | $15.1M | $-1.5M | -4.5% | -9.8% | — | 0.66 | 45% | 289 | 66 |
| 2023 | 50 | $14.1M | $-1.1M | -14.4% | -7.8% | — | 0.86 | 39% | 280 | 70 |
| 2024 | 35 | $13.4M | $-2.4M | -17.0% | -17.9% | — | 1.14 | 57% | 270 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2004-01 | |
| Select Medical Corporation | operational/managerial control | 100 | 2004-01 | |
| Select Specialty Hospitals Inc | 5% or greater direct ownership interest | 100 | 2004-01 | |
| Codie Dillie | corporate officer | 2021-02 | ||
| Codie Dillie | w-2 managing employee | 2021-02 | ||
| Codie Dillie | operational/managerial control | 2021-02 | ||
| David Chernow | corporate officer | 2011-06 | ||
| John Duggan | corporate officer | 2006-04 | ||
| Martin Jackson | corporate officer | 2006-04 | ||
| Michael Tarvin | corporate officer | 2006-04 | ||
| Robert Ortenzio | corporate officer | 2006-04 | ||
| Robert Ortenzio | corporate director | 2006-04 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.