Ssh - Wyandotte
dba Select Specialty Hospital-Wyandotte, Llc ·
Wyandotte, Wayne County, MI
· CCN 232031
Licensed to Select Specialty - Downriver Llc
Composite
35.2
rank score
Distress
12
FY2024
Fit
74
vs thesis
Estimated ticket
$21.3M–$85.2M
71 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
- 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 | $40.0M |
| Operating margin | 12.2% |
| Total margin | 10.0% |
| Days cash on hand | — |
| Current ratio | 2.47 |
| Occupancy | 68% |
Facility
| Beds | 71 |
| 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 | 71 | $39.2M | $10.1M | 22.8% | 23.0% | — | 0.30 | 79% | 578 | 17 |
| 2022 | 71 | $37.4M | $-1.1M | 4.4% | -3.0% | — | 1.37 | 74% | 507 | 14 |
| 2023 | 71 | $36.3M | $1.8M | 11.2% | 4.9% | — | 1.88 | 69% | 505 | 0 |
| 2024 | 71 | $40.0M | $4.0M | 12.2% | 10.0% | — | 2.47 | 68% | 530 | 12 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2007-12 | |
| Select Medical Corporation | operational/managerial control | 100 | 2007-12 | |
| Select Specialty Hospitals Inc | 5% or greater direct ownership interest | 100 | 2007-12 | |
| John Duggan | corporate officer | 2007-12 | ||
| John Duggan | corporate director | 2025-09 | ||
| John Saich | corporate officer | 2025-09 | ||
| Marilouise Riska | corporate officer | 2018-05 | ||
| Marilouise Riska | w-2 managing employee | 2018-05 | ||
| Marilouise Riska | operational/managerial control | 2018-05 | ||
| Michael Malatesta | corporate officer | 2025-09 | ||
| Robert Breighner | w-2 managing employee | 2025-09 | ||
| Robert Kido | corporate officer | 2025-09 | ||
| Scott Collins | corporate officer | 2026-01 | ||
| Scott Collins | w-2 managing employee | 2026-01 | ||
| Scott Collins | operational/managerial control | 2026-01 | ||
| Thomas Mullin | corporate officer | 2025-09 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2018-05-01 | acquisition/merger | Select Specialty - Downriver Llc | Select Specialty Hospital -... |
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 |