Ssh - Wichita Inc.
dba Select Specialty Hospital - Wichita ·
Wichita, Sedgwick County, KS
· CCN 172007
Licensed to Select Specialty Hospital - Wichita Inc
Composite
32.8
rank score
Distress
12
FY2023
Fit
68
vs thesis
Estimated ticket
$14.4M–$57.6M
48 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- 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
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $29.5M |
| Operating margin | 18.0% |
| Total margin | 15.2% |
| Days cash on hand | — |
| Current ratio | 1.50 |
| Occupancy | 78% |
Facility
| Beds | 48 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 48 | $25.6M | $5.6M | 21.2% | 21.2% | — | 0.75 | 86% | 457 | 17 |
| 2021 | 48 | $26.2M | $1.0M | 15.0% | 3.9% | — | 1.27 | 83% | 462 | 4 |
| 2022 | 48 | $23.7M | $-2.6M | -2.8% | -10.8% | — | 1.73 | 80% | 444 | 41 |
| 2023 | 48 | $29.5M | $4.5M | 18.0% | 15.2% | — | 1.50 | 78% | 466 | 12 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Intensiva Healthcare Corporation | 5% or greater direct ownership interest | 100 | 1998-12 | |
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 1996-12 | |
| Select Medical Corporation | operational/managerial control | 100 | 1996-12 | |
| Eric Christensen | corporate officer | 2020-06 | ||
| Eric Christensen | w-2 managing employee | 2020-06 | ||
| Eric Christensen | operational/managerial control | 2020-06 | ||
| John Duggan | corporate officer | 1998-12 | ||
| John Duggan | corporate director | 2025-09 | ||
| John Saich | corporate officer | 2025-09 | ||
| 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
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in KS
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 |
|---|---|---|---|---|
| 2024-08-25 | Hhn Ks1 Llc | Kpc Promise Hospital Of Overland Park Llc | Kpc Promise Hospital Of Overland Pk | 56 |