Pam Specialty Hospital Of Reno
dba Pam Health Specialty Hospital Of Reno ·
Reno, Washoe County, NV
· CCN 292004
Licensed to Pam Specialty Hospital Of Reno Llc
Composite
40.6
rank score
Distress
30
FY2024
Fit
63
vs thesis
Estimated ticket
$6.3M–$25.2M
21 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- under 30 days cash on hand
- 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
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $16.0M |
| Operating margin | 8.1% |
| Total margin | 7.7% |
| Days cash on hand | 0 |
| Current ratio | 4.27 |
| Occupancy | 100% |
Facility
| Beds | 21 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $300K |
| Per-bed (high) | $1.2M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 21 | $17.6M | $4.2M | 21.2% | 23.2% | 2 | 2.31 | 99% | 295 | 22 |
| 2022 | 21 | $16.7M | $2.9M | 16.1% | 17.2% | 4 | 4.02 | 99% | 290 | 22 |
| 2023 | 21 | $15.9M | $1.9M | 11.7% | 11.8% | 3 | 2.40 | 97% | 305 | 22 |
| 2024 | 21 | $16.0M | $1.2M | 8.1% | 7.7% | 0 | 4.27 | 100% | 302 | 30 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Pam Cubed Llc | 5% or greater indirect ownership interest | 100 | 2019-09 | chain |
| Pam Cubed Specialty Hospitals Llc | 5% or greater direct ownership interest | 100 | 2019-09 | |
| Brittany Misitano | 5% or greater indirect ownership interest | 68 | 2019-09 | |
| Anthony Misitano | corporate officer | 2019-08 | ||
| Brittany Misitano | corporate officer | 2019-08 | ||
| Karick Stober | corporate officer | 2019-08 | ||
| Samantha Billig | w-2 managing employee | 2023-10 | ||
| Sarah Castle-Britt | w-2 managing employee | 2024-10 | ||
| Wells Fargo Bank, N.a. | 5% or greater security interest | 2024-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-09-30 | change of ownership | Pam Specialty Hospital Of Reno Llc | New Lifecare Hospitals Of... |
Who has been buying in NV
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2019-09-30 | Pam Specialty Hospital Of Reno Llc | New Lifecare Hospitals Of Northern... | Pam Specialty Hospital Of Reno | 21 |
| 2019-09-30 | Pam Specialty Hospital Of Las Vegas Llc | New Lifecare Hospital At Tenaya Llc | Pam Specialty Hospital Of Las Vegas | 70 |