dealflow
envelope $200M

← Targets

Pam Health Rehab Hosp Of Miamisburg

Miamisburg, Montgomery County, OH · CCN 363046
Licensed to Pam Rehabilitation Hospital Of Dayton Llc

Composite
68.4
rank score
Distress
74
FY2024
Fit
82
vs thesis
Estimated ticket
$9.6M–$38.2M
42 beds · within envelope
Ownership
for-profit
RH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • debt above 85% of assets
  • part of a multi-hospital chain — divestiture candidate
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • 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$15.1M
Operating margin -19.6%
Total margin -19.5%
Days cash on hand 0
Current ratio 2.46
Occupancy62%

Facility

Beds42
Facility typeRH
Settingurban
Ownership classfor-profit
Per-bed (low) $228K
Per-bed (high) $910K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2024 42 $15.1M $-2.9M -19.6% -19.5% 0 2.46 62% 706 74

Owners

OwnerRole%SinceType
Wells Fargo Bank, N.a.
Minneapolis, MN
5% or greater security interest 100 2024-07
Brittany Misitano 5% or greater indirect ownership interest 74 2023-05
Pam Cubed Llc
Enola, PA
5% or greater direct ownership interest 55 2023-05 chain
Kettering Medical Center
Miamisburg, OH
5% or greater direct ownership interest 45 2023-05
Anthony Misitano corporate officer 2021-02
Brittany Misitano corporate officer 2021-02
Dean Blevins w-2 managing employee 2026-04
Karick Stober corporate officer 2021-02
Pam Cubed Llc
Enola, PA
other 2024-04 chain

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
2024-10-30 Insight Foundation Of Hillside Steward Hillside Rehabilitation... Hillside Hospital 65
2023-03-28 Ohrh, Llc Dublin Rehabilitation Hospital, Llc Ohiohealth Rehabilitation Hospital 114
2023-03-01 Crh Of Cincinnati Llc Everest Rehabilitation Hospital... Liberty Rehabilitation Hospital 36