Ssh - Northeast New Jersey Inc.
dba Select Specialty Hospital- Northeast New Jersey ·
Rochelle Park, Bergen County, NJ
· CCN 312019
Licensed to Select Specialty Hospital - Northeast New Jersey, Inc.
Composite
31.2
rank score
Distress
6
FY2023
Fit
71
vs thesis
Estimated ticket
$18.6M–$74.4M
62 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- current ratio under 1.5
- occupancy 45-60%
- 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
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $31.4M |
| Operating margin | 14.0% |
| Total margin | 5.4% |
| Days cash on hand | — |
| Current ratio | 1.23 |
| Occupancy | 48% |
Facility
| Beds | 62 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 62 | $23.5M | $-411K | 6.4% | -1.7% | — | 0.18 | 40% | 275 | 34 |
| 2021 | 62 | $24.4M | $6.4M | 21.6% | 22.8% | — | 0.65 | 40% | 251 | 24 |
| 2022 | 62 | $29.8M | $-1.0M | 1.8% | -3.4% | — | 0.66 | 51% | 202 | 44 |
| 2023 | 62 | $31.4M | $1.7M | 14.0% | 5.4% | — | 1.23 | 48% | 195 | 6 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2005-01 | |
| Select Medical Corporation | operational/managerial control | 100 | 2015-01 | |
| Sempercare, Inc. | 5% or greater direct ownership interest | 100 | 2003-06 | |
| Jeffrey Fenn | corporate officer | 2026-06 | ||
| Jeffrey Fenn | w-2 managing employee | 2026-06 | ||
| Jeffrey Fenn | operational/managerial control | 2026-06 | ||
| John Duggan | corporate officer | 2025-09 | ||
| John Duggan | corporate director | 2025-09 | ||
| 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.