dealflow
envelope $200M

← Targets

Ssh - Jackson Inc

dba Select Specialty Hospital - Jackson · Jackson, Hinds County, MS · CCN 252007
Licensed to Select Specialty Hospital - Jackson Inc

Composite
34.5
rank score
Distress
16
FY2024
Fit
68
vs thesis
Estimated ticket
$15.9M–$63.6M
53 beds · within envelope
Ownership
for-profit
LTCH

Why it ranks here

  • liabilities exceed assets
  • margin slipping
  • urban — higher occupancy and iteration surface
  • LTCH — distress here is a payment-model artifact
  • bed count in the target band
  • 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$33.0M
Operating margin 6.3%
Total margin 7.7%
Days cash on hand
Current ratio 2.38
Occupancy87%

Facility

Beds53
Facility typeLTCH
Settingurban
Ownership classfor-profit
Per-bed (low) $300K
Per-bed (high) $1.2M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 53 $33.1M $2.8M 10.6% 8.1% 0.51 96% 609 27
2022 53 $30.5M $2.1M 4.9% 6.2% 0.84 89% 580 17
2023 53 $29.5M $-3.1M -5.4% -10.2% 1.33 86% 515 69
2024 53 $33.0M $2.6M 6.3% 7.7% 2.38 87% 433 16

Owners

OwnerRole%SinceType
Select Medical Corporation
Mechanicsburg, PA
5% or greater indirect ownership interest 100 2002-07
Select Medical Corporation
Mechanicsburg, PA
operational/managerial control 100 2002-07
Select Specialty Hospitals Inc
Mechanicsburg, PA
5% or greater direct ownership interest 100 2002-07
John Duggan corporate officer 2002-07
John Duggan corporate director 2025-09
John Saich corporate officer 2025-08
Michael Malatesta corporate officer 2025-04
Robert Breighner w-2 managing employee 2025-08
Robert Canard corporate officer 2019-12
Robert Canard w-2 managing employee 2019-12
Robert Canard operational/managerial control 2019-12
Robert Kido corporate officer 2025-08
Thomas Mullin corporate officer 2025-08

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.