dealflow
envelope $200M

← Targets

Ssh - St Louis Inc.

dba Select Specialty Hospital - St. Louis · St. Charles, MO · CCN 262013
Licensed to Intensiva Hospital Of Greater St. Louis, Inc.

Composite
37.6
rank score
Distress
12
FY2023
Fit
80
vs thesis
Estimated ticket
$21.3M–$85.2M
71 beds · within envelope
Ownership
for-profit
LTCH

Why it ranks here

  • liabilities exceed assets
  • 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 · FY2023

Net patient revenue$48.1M
Operating margin 9.9%
Total margin 4.9%
Days cash on hand
Current ratio 2.05
Occupancy86%

Facility

Beds71
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
2020 71 $36.5M $896K 4.4% 2.4% 1.04 72% 591 19
2021 71 $43.6M $5.2M 10.6% 11.3% 1.43 78% 609 19
2022 71 $45.5M $-3.2M 0.4% -7.0% 2.13 83% 612 39
2023 71 $48.1M $2.4M 9.9% 4.9% 2.05 86% 676 12

Owners

OwnerRole%SinceType
Intensiva Healthcare Corporation
Mechanicsburg, PA
5% or greater direct ownership interest 100 2003-05
Select Medical Corporation
Mechanicsburg, PA
5% or greater indirect ownership interest 100 2009-05
Select Medical Corporation
Mechanicsburg, PA
operational/managerial control 100 2009-05
Jeff Halbert corporate officer 2023-04
Jeff Halbert w-2 managing employee 2023-04
Jeff Halbert operational/managerial control 2023-04
John Duggan corporate officer 2005-05
John Duggan corporate director 2025-09
John Saich corporate officer 2025-09
Michael Malatesta corporate officer 2025-04
Patricia Wors corporate officer 2025-09
Patricia Wors w-2 managing employee 2025-09
Patricia Wors operational/managerial control 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.