Pam Specialty Hospital Of Las Vegas
Las Vegas, Clark County, NV
· CCN 292006
Licensed to Pam Specialty Hospital Of Las Vegas Llc
Composite
56.8
rank score
Distress
51
FY2024
Fit
80
vs thesis
Estimated ticket
$17.9M–$71.4M
70 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin negative
- total margin under 2%
- under 30 days cash on hand
- debt above 70% of 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
- 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 · FY2024
| Net patient revenue | $32.3M |
| Operating margin | -2.5% |
| Total margin | 1.4% |
| Days cash on hand | 0 |
| Current ratio | 2.61 |
| Occupancy | 71% |
Facility
| Beds | 70 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 70 | $43.7M | $9.0M | 14.4% | 19.4% | 2 | 2.78 | 87% | 961 | 22 |
| 2022 | 70 | $43.1M | $6.2M | 13.4% | 14.3% | 5 | 3.28 | 82% | 968 | 22 |
| 2023 | 70 | $37.9M | $3.9M | 10.1% | 10.2% | 2 | 2.10 | 71% | 772 | 27 |
| 2024 | 70 | $32.3M | $460K | -2.5% | 1.4% | 0 | 2.61 | 71% | 652 | 51 |
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 | 74 | 2019-09 | |
| Anthony Misitano | corporate officer | 2019-09 | ||
| Brittany Misitano | corporate officer | 2019-09 | ||
| Karick Stober | corporate officer | 2019-09 | ||
| Persephone Laviolette | w-2 managing employee | 2025-01 | ||
| 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 Las Vegas Llc | New Lifecare Hospital At Tenaya Llc |
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 |