Ssh - Flint Inc
dba Select Specialty Hospital - Flint ·
Flint, Genesee County, MI
· CCN 232012
Licensed to Select Specialty Hospital - Flint Inc
Composite
34.1
rank score
Distress
11
FY2024
Fit
68
vs thesis
Estimated ticket
$7.8M–$31.2M
26 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- current ratio under 1.5
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- 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 · FY2024
| Net patient revenue | $16.5M |
| Operating margin | 19.6% |
| Total margin | 11.1% |
| Days cash on hand | — |
| Current ratio | 1.31 |
| Occupancy | 73% |
Facility
| Beds | 26 |
| 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 | 26 | $16.1M | $2.4M | 25.3% | 14.6% | — | 0.90 | 78% | 279 | 11 |
| 2022 | 26 | $18.3M | $2.5M | 22.4% | 13.4% | — | 0.86 | 85% | 307 | 11 |
| 2023 | 26 | $17.2M | $1.2M | 16.5% | 6.8% | — | 0.85 | 82% | 289 | 11 |
| 2024 | 26 | $16.5M | $1.8M | 19.6% | 11.1% | — | 1.31 | 73% | 311 | 11 |
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 | 1998-01 | chain |
| Select Medical Corporation | operational/managerial control | 100 | 1998-01 | chain |
| Christina Deblouw | corporate officer | 2016-07 | ||
| Christina Deblouw | w-2 managing employee | 2016-07 | ||
| Christina Deblouw | operational/managerial control | 2016-07 | ||
| John Duggan | corporate officer | 2006-02 | ||
| 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 MI
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 |
|---|---|---|---|---|
| 2018-05-01 | Select Specialty - Downriver Llc | Select Specialty Hospital -... | Ssh - Wyandotte | 71 |
| 2017-08-01 | Special Care Hospital, Llc | Spectrum Health Kent Community Campus | Ssh - Spectrum Health | 36 |