dealflow
envelope $200M

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Pam Rehab Hospital Of Tulsa

dba Pam Rehabilitation Hospital Of Tulsa · Tulsa, OK · CCN 373035
Licensed to Post Acute Medical Rehabilitation Hospital Of Tulsa Llc

Composite
52.3
rank score
Distress
40
FY2024
Fit
81
vs thesis
Estimated ticket
$17.2M–$68.9M
53 beds · within envelope
Ownership
for-profit
RH

Why it ranks here

  • under 30 days cash on hand
  • liabilities exceed assets
  • margin deteriorating sharply
  • part of a multi-hospital chain — divestiture candidate
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • bed count in the target band
  • ticket size somewhat below the envelope
  • strong occupancy — good iteration surface
  • for-profit — no charitable conversion review

Latest financials · FY2024

Net patient revenue$31.5M
Operating margin 12.7%
Total margin 13.1%
Days cash on hand 2
Current ratio 1.66
Occupancy93%

Facility

Beds53
Facility typeRH
Settingurban
Ownership classfor-profit
Per-bed (low) $325K
Per-bed (high) $1.3M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 53 $31.4M $7.2M 22.8% 22.9% 0 0.63 93% 1,537 47
2022 53 $32.7M $6.9M 20.8% 21.1% 0 1.56 95% 1,527 30
2023 53 $33.1M $5.5M 16.5% 16.6% 1 1.65 96% 1,563 30
2024 53 $31.5M $4.1M 12.7% 13.1% 2 1.66 93% 1,463 40

Owners

OwnerRole%SinceType
Pam Squared At Tulsa Llc
Enola, PA
5% or greater direct ownership interest 100 2022-05
Anthony Misitano 5% or greater indirect ownership interest 66 2022-05
Anthony Misitano corporate officer 2015-07
Brittany Misitano corporate officer 2022-05
Karick Stober corporate officer 2015-07
Melissa Walker w-2 managing employee 2025-01
Pam Cubed Llc
Enola, PA
other 2024-04 chain
Pam Squared, Llc
Enola, PA
5% or greater indirect ownership interest 2015-07
Wells Fargo Bank, N.a.
Minneapolis, MN
5% or greater security interest 2024-07

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 OK

Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.

DateBuyerSellerHospitalBeds
2024-12-10 Okc Rehabilitation, Llc Hcap Venture Group Llc Valir Rehab Hospital 50