Ssh - Springfield Inc.
dba Select Specialty Hospital Springfield ·
Springfield, Greene County, MO
· CCN 262017
Licensed to Select Specialty Hospital Springfield Inc
Composite
61.9
rank score
Distress
68
FY2024
Fit
74
vs thesis
Estimated ticket
$11.2M–$44.9M
44 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- current ratio under 1.5
- liabilities exceed assets
- margin deteriorating sharply
- 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 | $26.6M |
| Operating margin | -5.6% |
| Total margin | -8.0% |
| Days cash on hand | — |
| Current ratio | 1.35 |
| Occupancy | 70% |
Facility
| Beds | 44 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 44 | $19.3M | $-793K | -2.3% | -3.9% | — | 0.64 | 73% | 507 | 67 |
| 2021 | 44 | $23.3M | $5.6M | 12.4% | 20.6% | — | 1.09 | 86% | 544 | 19 |
| 2022 | 44 | $24.1M | $-1.0M | 0.5% | -4.0% | — | 2.01 | 84% | 518 | 24 |
| 2023 | 44 | $6.5M | $80.8K | -2.0% | 1.2% | — | 2.41 | 90% | 128 | 24 |
| 2024 | 44 | $26.6M | $-2.2M | -5.6% | -8.0% | — | 1.35 | 70% | 489 | 68 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2008-01 | chain |
| Select Specialty Hospital Springfield Inc | 5% or greater direct ownership interest | 100 | 2008-01 | |
| Select Specialty Hospitals Inc | 5% or greater indirect ownership interest | 100 | 2008-01 | |
| Denise Wayne | corporate officer | 2026-01 | ||
| Denise Wayne | w-2 managing employee | 2026-01 | ||
| Denise Wayne | operational/managerial control | 2026-01 | ||
| John Duggan | corporate officer | 2025-09 | ||
| John Duggan | corporate director | 2008-01 | ||
| 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.