Ssh - Hampton Roads
dba Select Specialty Hospital - Hampton Roads ·
Newport News, Newport News County, VA
· CCN 492008
Licensed to Ltach At Riverside, Llc
Composite
28.9
rank score
Distress
4
FY2023
Fit
68
vs thesis
Estimated ticket
$7.5M–$30.0M
25 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- current ratio under 1.5
- 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
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $15.4M |
| Operating margin | 4.3% |
| Total margin | 4.6% |
| Days cash on hand | — |
| Current ratio | 1.03 |
| Occupancy | 88% |
Facility
| Beds | 25 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $12.9M | $538K | 0.4% | 4.0% | — | 0.50 | 82% | 239 | 26 |
| 2021 | 25 | $14.3M | $784K | 0.8% | 5.2% | — | 0.60 | 80% | 242 | 26 |
| 2022 | 25 | $15.2M | $-269K | -1.9% | -1.8% | — | 0.68 | 91% | 250 | 47 |
| 2023 | 25 | $15.4M | $712K | 4.3% | 4.6% | — | 1.03 | 88% | 263 | 4 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2017-06 | |
| Hospital Holdings Corporation | 5% or greater direct ownership interest | 51 | 2017-06 | |
| Select Specialty Hospitals Inc | 5% or greater indirect ownership interest | 51 | 2017-06 | |
| Rehabilitation Institute Of Virginia Inc | 5% or greater direct ownership interest | 49 | 2017-06 | |
| Daniel Ballin | corporate officer | 2025-01 | ||
| Daniel Ballin | w-2 managing employee | 2025-01 | ||
| Daniel Ballin | operational/managerial control | 2025-01 | ||
| John Duggan | corporate officer | 2025-09 | ||
| 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.
Who has been buying in VA
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 |
|---|---|---|---|---|
| 2023-06-13 | Select Specialty Hospital-Richmond Inc | Vibra Hospital Of Richmond Llc | Ssh - Richmond | 60 |