Pam Specialty Hospital Of Miamisburg
dba Pam Health Specialty Hospital Of Miamisburg ·
Miamisburg, Montgomery County, OH
· CCN 362028
Licensed to Pam Specialty Hospital Of Dayton Llc
Composite
64.4
rank score
Distress
79
FY2024
Fit
68
vs thesis
Estimated ticket
$7.6M–$30.2M
36 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- debt above 70% of 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
- small but workable bed count
- small ticket — deploys little of the available capital
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $10.2M |
| Operating margin | -18.8% |
| Total margin | -14.7% |
| Days cash on hand | 3 |
| Current ratio | 1.91 |
| Occupancy | 44% |
Facility
| Beds | 36 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 44 | $24.9M | $6.2M | 15.2% | 22.7% | 15 | 2.51 | 74% | 512 | 22 |
| 2022 | 44 | $21.7M | $2.0M | 8.2% | 9.0% | 7 | 3.88 | 69% | 456 | 22 |
| 2023 | 44 | $17.0M | $743K | 2.9% | 4.3% | 11 | 1.16 | 56% | 380 | 32 |
| 2024 | 36 | $10.2M | $-1.6M | -18.8% | -14.7% | 3 | 1.91 | 44% | 217 | 79 |
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 | 2019-08 | ||
| Brittany Misitano | corporate officer | 2019-08 | ||
| Elizabeth Hawkins | w-2 managing employee | 2026-04 | ||
| Karick Stober | corporate officer | 2019-08 | ||
| 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 Dayton Llc | New Lifecare Hospitals Of Dayton 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 |