dealflow
envelope $200M

← Targets

Regency Hospital Of Columbus

dba Select Specialty Hospital Columbus South · Columbus, Franklin County, OH · CCN 362037
Licensed to Regency Hospital Of Columbus, Llc

Composite
35.8
rank score
Distress
15
FY2024
Fit
72
vs thesis
Estimated ticket
$14.7M–$58.8M
49 beds · within envelope
Ownership
for-profit
LTCH

Why it ranks here

  • occupancy 45-60%
  • margin deteriorating sharply
  • 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
  • moderate occupancy
  • for-profit — no charitable conversion review

Latest financials · FY2024

Net patient revenue$24.1M
Operating margin 14.4%
Total margin 10.1%
Days cash on hand
Current ratio 1.93
Occupancy45%

Facility

Beds49
Facility typeLTCH
Settingurban
Ownership classfor-profit
Per-bed (low) $300K
Per-bed (high) $1.2M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 66 $31.1M $9.0M 23.8% 27.0% 1.15 54% 466 7
2022 66 $32.1M $-1.3M 5.5% -3.9% 1.23 55% 448 23
2023 66 $27.5M $-189K 1.4% -0.7% 1.20 51% 420 26
2024 49 $24.1M $2.4M 14.4% 10.1% 1.93 45% 281 15

Owners

OwnerRole%SinceType
Intensiva Healthcare Corporation
Mechanicsburg, PA
5% or greater indirect ownership interest 100 2011-09
Regency Hospital Company, Llc
Mechanicsburg, PA
5% or greater indirect ownership interest 100 2010-09
Regency Hospitals Llc
Mechanicsburg, PA
5% or greater direct ownership interest 100 2008-05
Select Medical Corporation
Mechanicsburg, PA
5% or greater indirect ownership interest 100 2010-09
Select Medical Corporation
Mechanicsburg, PA
operational/managerial control 100 2010-09
John Duggan corporate officer 2010-09
John Duggan corporate director 2025-09
John Saich corporate officer 2025-09
Michael Malatesta corporate officer 2025-09
Robert Breighner corporate officer 2025-09
Robert Kido corporate officer 2025-09
Ryan Hemmert corporate officer 2022-09
Ryan Hemmert w-2 managing employee 2022-09
Ryan Hemmert operational/managerial control 2022-09
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.

DateBuyerSellerHospitalBeds
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