Ssh - Southeast Ohio
dba Select Specialty Hospital Southeast Ohio ·
Newark, Licking County, OH
· CCN 362031
Licensed to Select Specialty Hospital - Zanesville Inc
Composite
33.6
rank score
Distress
8
FY2024
Fit
76
vs thesis
Estimated ticket
$10.5M–$42.0M
35 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- margin deteriorating
- 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
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $19.0M |
| Operating margin | 13.6% |
| Total margin | 12.7% |
| Days cash on hand | — |
| Current ratio | 2.04 |
| Occupancy | 68% |
Facility
| Beds | 35 |
| 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 | 35 | $14.4M | $2.8M | 5.7% | 16.4% | — | 0.60 | 65% | 353 | 17 |
| 2022 | 35 | $16.8M | $1.0M | 1.5% | 5.4% | — | 1.14 | 66% | 377 | 13 |
| 2023 | 35 | $17.1M | $2.7M | 9.3% | 13.9% | — | 1.32 | 69% | 372 | 4 |
| 2024 | 35 | $19.0M | $2.7M | 13.6% | 12.7% | — | 2.04 | 68% | 354 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2010-12 | |
| Select Medical Corporation | operational/managerial control | 100 | 2010-12 | |
| Select Specialty Hospitals Inc | 5% or greater direct ownership interest | 100 | 2010-12 | |
| Emily Blevins | corporate officer | 2022-11 | ||
| Emily Blevins | w-2 managing employee | 2022-11 | ||
| Emily Blevins | operational/managerial control | 2022-11 | ||
| John Duggan | corporate officer | 2010-12 | ||
| 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.
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 |