dealflow
envelope $200M

← Targets

Ssh - Omaha Inc.

dba Select Specialty Hospital-Omaha · Omaha, Douglas County, NE · CCN 282001
Licensed to Select Specialty Hospital Omaha Inc

Composite
36.1
rank score
Distress
22
FY2024
Fit
65
vs thesis
Estimated ticket
$15.6M–$62.4M
52 beds · within envelope
Ownership
for-profit
LTCH

Why it ranks here

  • total margin under 2%
  • current ratio under 1.5
  • occupancy 45-60%
  • margin deteriorating sharply
  • 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
  • moderate occupancy
  • for-profit — no charitable conversion review

Latest financials · FY2024

Net patient revenue$21.4M
Operating margin 4.0%
Total margin 1.5%
Days cash on hand
Current ratio 1.21
Occupancy48%

Facility

Beds52
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 52 $21.6M $7.2M 19.9% 28.9% 0.65 58% 432 20
2022 52 $21.0M $-3.4M -12.8% -14.9% 0.71 52% 450 77
2023 52 $18.7M $-2.0M -10.5% -10.8% 0.54 47% 333 77
2024 52 $21.4M $321K 4.0% 1.5% 1.21 48% 326 22

Owners

OwnerRole%SinceType
Intensiva Healthcare Corporation
Mechanicsburg, PA
5% or greater direct ownership interest 100 1998-12
Select Medical Corporation
Mechanicsburg, PA
5% or greater indirect ownership interest 100 1998-12
Select Medical Corporation
Mechanicsburg, PA
operational/managerial control 100 1998-12
John Duggan corporate officer 1998-12
John Duggan corporate director 2025-09
John Saich corporate officer 2025-09
Kathryn Triplett corporate officer 2023-04
Kathryn Triplett w-2 managing employee 2023-04
Kathryn Triplett operational/managerial control 2023-04
Michael Malatesta corporate officer 2025-09
Robert Breighner corporate officer 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.