Ssh - Boardman Inc
dba Select Specialty Hospital-Boardman ·
Youngstown, Mahoning County, OH
· CCN 362023
Licensed to Select Specialty Hospital - Boardman, Inc.
Composite
47.0
rank score
Distress
35
FY2023
Fit
74
vs thesis
Estimated ticket
$23.7M–$94.8M
79 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- total margin under 2%
- liabilities exceed assets
- occupancy 30-45%
- 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
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $20.8M |
| Operating margin | 3.2% |
| Total margin | 1.4% |
| Days cash on hand | — |
| Current ratio | 1.97 |
| Occupancy | 38% |
Facility
| Beds | 79 |
| 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 | 42 | $18.2M | $2.4M | 11.2% | 12.7% | 20 | -0.30 | 71% | 421 | 36 |
| 2021 | 42 | $18.9M | $2.0M | 3.7% | 10.0% | 0 | -0.12 | 78% | 494 | 36 |
| 2022 | 42 | $9.7M | $2.4M | 14.8% | 22.3% | 8 | 0.02 | 61% | 233 | 36 |
| 2023 | 79 | $20.8M | $295K | 3.2% | 1.4% | — | 1.97 | 38% | 494 | 35 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Intensiva Healthcare Corporation | 5% or greater direct ownership interest | 100 | 2022-06 | |
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2022-06 | chain |
| Select Medical Corporation | operational/managerial control | 100 | 2022-06 | chain |
| Carl Nichols | corporate officer | 2024-07 | ||
| Carl Nichols | w-2 managing employee | 2024-07 | ||
| Carl Nichols | operational/managerial control | 2024-07 | ||
| John Duggan | corporate officer | 2022-06 | ||
| 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
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2022-06-14 | change of ownership | Select Specialty Hospital -... | Vibra Hospital Of Mahoning Valley Llc |
Who has been buying in OH
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 |
|---|---|---|---|---|
| 2022-06-14 | Select Specialty Hospital - Boardman, Inc. | Vibra Hospital Of Mahoning Valley Llc | Ssh - Boardman Inc | 79 |
| 2019-09-30 | Pam Specialty Hospital Of Dayton Llc | New Lifecare Hospitals Of Dayton Llc | Pam Specialty Hospital Of Miamisburg | 36 |
| 2017-11-01 | Select Specialty Hospital -... | Regency Hospital Of Cincinnati, Llc | Ssh - Cincinnati Inc. | 71 |