Baptist Mem Restorative Care Hosp.
dba Select Specialty Hospital-Memphis East ·
Memphis, Shelby County, TN
· CCN 442010
Licensed to Select Specialty Hospital - Memphis, Inc.
Already transacted. CMS recorded an ownership change effective
2025-08-01. Confirm the current owner before spending a call on this.
Composite
24.9
rank score
Distress
92
FY2023
Fit
70
vs thesis
Estimated ticket
$6.3M–$25.2M
30 beds ·
within envelope
Ownership
nonprofit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
- changed ownership 2025-08-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $9.5M |
| Operating margin | -47.4% |
| Total margin | -47.4% |
| Days cash on hand | 2 |
| Current ratio | 0.16 |
| Occupancy | 62% |
Facility
| Beds | 30 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 30 | $11.3M | $-1.1M | -13.9% | -9.0% | 17 | 0.17 | 66% | 194 | 91 |
| 2021 | 30 | $11.7M | $-657K | -2.0% | -5.8% | 18 | 0.18 | 66% | 186 | 74 |
| 2022 | 30 | $11.4M | $-1.8M | -17.3% | -15.9% | 8 | 0.19 | 58% | 181 | 93 |
| 2023 | 30 | $9.5M | $-4.5M | -47.4% | -47.4% | 2 | 0.16 | 62% | 178 | 92 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hospital Holdings Corporation | 5% or greater direct ownership interest | 100 | 2025-08 | |
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2025-08 | chain |
| Select Medical Corporation | operational/managerial control | 100 | 2025-08 | chain |
| Select Specialty Hospitals Inc | 5% or greater indirect ownership interest | 100 | 2025-08 | |
| John Duggan | corporate officer | 2025-08 | ||
| John Duggan | corporate director | 2025-08 | ||
| John Saich | corporate officer | 2026-04 | ||
| Mary Carroll | corporate officer | 2026-06 | ||
| Mary Carroll | w-2 managing employee | 2026-06 | ||
| Mary Carroll | operational/managerial control | 2026-06 | ||
| Michael Malatesta | corporate officer | 2025-08 | ||
| Robert Breighner | w-2 managing employee | 2026-04 | ||
| Robert Kido | corporate officer | 2026-04 | ||
| Thomas Mullin | corporate officer | 2025-08 | ||
| Tomeko Shugars | corporate officer | 2026-01 | ||
| Tomeko Shugars | w-2 managing employee | 2026-01 | ||
| Tomeko Shugars | operational/managerial control | 2026-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2025-08-01 | change of ownership | Select Specialty Hospital -... | Baptist Memorial Regional... |
Who has been buying in TN
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2025-08-01 | Select Specialty Hospital - Memphis, Inc. | Baptist Memorial Regional... | Baptist Mem Restorative Care Hosp. | 30 |
| 2018-01-01 | Select Specialty Hospital - North... | Select Specialty Hospital - Knoxville, Inc. | Ssh -North Knoxville | 65 |