Ssh - Laurel Highlands Inc
dba Select Specialty Hospital - Laurel Highlands ·
Latrobe, Westmoreland County, PA
· CCN 392036
Licensed to Select Specialty Hospital - Laurel Highlands, Inc.
Composite
38.2
rank score
Distress
28
FY2024
Fit
64
vs thesis
Estimated ticket
$12.0M–$48.0M
40 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- total margin negative
- occupancy 30-45%
- 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
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $10.5M |
| Operating margin | 2.7% |
| Total margin | -2.9% |
| Days cash on hand | — |
| Current ratio | 2.07 |
| Occupancy | 41% |
Facility
| Beds | 40 |
| 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 | 40 | $12.4M | $1.6M | 19.2% | 12.7% | — | 0.72 | 50% | 261 | 20 |
| 2022 | 40 | $14.0M | $2.5M | 25.6% | 17.5% | — | 1.53 | 47% | 272 | 3 |
| 2023 | 40 | $10.8M | $-868K | 5.0% | -8.0% | — | 1.26 | 44% | 235 | 27 |
| 2024 | 40 | $10.5M | $-306K | 2.7% | -2.9% | — | 2.07 | 41% | 241 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 1996-12 | |
| Select Medical Corporation | operational/managerial control | 100 | 1996-12 | |
| Select Specialty Hospital - Laurel Highlands, Inc. | 5% or greater direct ownership interest | 100 | 2000-08 | |
| Select Specialty Hospitals Inc | 5% or greater direct ownership interest | 100 | 1998-06 | |
| John Duggan | corporate officer | 2011-12 | ||
| John Duggan | corporate director | 2025-09 | ||
| John Saich | corporate officer | 2025-09 | ||
| Lisa Mcewen | corporate officer | 2023-09 | ||
| Lisa Mcewen | w-2 managing employee | 2023-09 | ||
| Lisa Mcewen | operational/managerial control | 2023-09 | ||
| 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.