dealflow
envelope $200M

← Targets

Post Acute Medical At Nanticoke

dba Pam Specialty Hospital Of Wilkes-Barre · Wilkes-Barre, Luzerne County, PA · CCN 392025
Licensed to Post Acute Medical At Nanticoke, Llc

Composite
56.2
rank score
Distress
63
FY2024
Fit
70
vs thesis
Estimated ticket
$9.2M–$36.7M
36 beds · within envelope
Ownership
for-profit
LTCH

Why it ranks here

  • operating margin -10% to -5%
  • total margin -8% to -3%
  • under 30 days cash on hand
  • 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$11.9M
Operating margin -5.0%
Total margin -4.7%
Days cash on hand 0
Current ratio 2.12
Occupancy48%

Facility

Beds36
Facility typeLTCH
Settingurban
Ownership classfor-profit
Per-bed (low) $255K
Per-bed (high) $1.0M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 36 $15.9M $2.4M 13.5% 14.8% 0 0.54 67% 305 40
2022 36 $14.3M $1.0M 6.2% 7.1% 0 1.55 58% 264 24
2023 36 $12.2M $33.5K 0.6% 0.3% 0 0.96 48% 234 43
2024 36 $11.9M $-564K -5.0% -4.7% 0 2.12 48% 210 63

Owners

OwnerRole%SinceType
Post Acute Medical, Llc
Enola, PA
5% or greater direct ownership interest 100 2014-11
Anthony Misitano 5% or greater indirect ownership interest 50 2014-11
Ba Healthcare Holdings, Llc
Enola, PA
5% or greater indirect ownership interest 50 2014-11
Pam Cubed Llc
Enola, PA
5% or greater indirect ownership interest 50 2024-07
Anthony Misitano corporate officer 2014-11
Brittany Misitano 5% or greater indirect ownership interest 2024-07
David Long w-2 managing employee 2019-04
John Bauer corporate officer 2014-11
Karick Stober corporate officer 2014-11
Post Acute Medical Management, Llc
Enola, PA
operational/managerial control 2014-11
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.