Ssh - Erie
dba Select Specialty Hospital Erie ·
Erie, Erie County, PA
· CCN 392037
Licensed to Select Specialty Hospital - Erie, Inc.
Composite
52.3
rank score
Distress
59
FY2024
Fit
64
vs thesis
Estimated ticket
$11.0M–$43.9M
43 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin negative
- total margin below -8%
- current ratio under 1.5
- 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 | $13.9M |
| Operating margin | -2.0% |
| Total margin | -14.5% |
| Days cash on hand | — |
| Current ratio | 1.47 |
| Occupancy | 42% |
Facility
| Beds | 43 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $255K |
| Per-bed (high) | $1.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 50 | $18.7M | $3.7M | 18.6% | 19.3% | — | 0.88 | 52% | 310 | 14 |
| 2022 | 50 | $19.2M | $88.3K | 9.5% | 0.5% | — | 1.12 | 50% | 301 | 11 |
| 2023 | 50 | $15.3M | $-792K | 1.9% | -5.1% | — | 2.06 | 42% | 270 | 31 |
| 2024 | 43 | $13.9M | $-2.0M | -2.0% | -14.5% | — | 1.47 | 42% | 249 | 59 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2011-06 | |
| Select Medical Corporation | operational/managerial control | 100 | 2001-06 | |
| Select Specialty Hospitals Inc | 5% or greater direct ownership interest | 100 | 2011-06 | |
| John Duemmel | corporate officer | 2025-07 | ||
| John Duemmel | w-2 managing employee | 2025-07 | ||
| John Duemmel | operational/managerial control | 2025-07 | ||
| John Duggan | corporate officer | 2001-06 | ||
| John Duggan | corporate director | 2025-09 | ||
| John Saich | corporate officer | 2025-09 | ||
| 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.