Ssh - Belhaven
dba Select Specialty Hospital-Belhaven ·
Jackson, Hinds County, MS
· CCN 252003
Licensed to Select Specialty Hospital Belhaven Llc
Composite
52.5
rank score
Distress
56
FY2024
Fit
68
vs thesis
Estimated ticket
$9.2M–$36.7M
36 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin negative
- 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
- 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 | $18.9M |
| Operating margin | -4.8% |
| Total margin | -7.4% |
| Days cash on hand | — |
| Current ratio | 1.95 |
| Occupancy | 88% |
Facility
| Beds | 36 |
| 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 | 25 | $18.6M | $1.6M | 12.9% | 8.3% | — | 0.74 | 104% | 305 | 17 |
| 2022 | 33 | $18.5M | $-772K | 0.6% | -4.1% | — | 1.53 | 88% | 341 | 30 |
| 2023 | 36 | $19.8M | $623K | 2.9% | 3.2% | — | 1.31 | 86% | 323 | 4 |
| 2024 | 36 | $18.9M | $-1.4M | -4.8% | -7.4% | — | 1.95 | 88% | 317 | 56 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2016-08 | |
| Select Medical Corporation | operational/managerial control | 100 | 2016-08 | |
| Select Specialty Hospital - Jackson Inc | 5% or greater direct ownership interest | 100 | 2016-08 | |
| Select Specialty Hospitals Inc | 5% or greater indirect ownership interest | 100 | 2016-08 | |
| Billy Bourn | corporate officer | 2023-01 | ||
| Billy Bourn | w-2 managing employee | 2023-01 | ||
| Billy Bourn | operational/managerial control | 2023-01 | ||
| John Duggan | corporate officer | 2016-08 | ||
| 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.