Ssh - Charleston
dba Select Specialty Hospital Charleston ·
Charleston, Kanawha County, WV
· CCN 512002
Licensed to Select Specialty Hospital - Charleston Inc
Composite
32.8
rank score
Distress
12
FY2024
Fit
68
vs thesis
Estimated ticket
$9.6M–$38.4M
32 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- 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
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $19.1M |
| Operating margin | 12.5% |
| Total margin | 3.9% |
| Days cash on hand | — |
| Current ratio | 2.65 |
| Occupancy | 86% |
Facility
| Beds | 32 |
| 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 | 32 | $18.1M | $3.4M | 21.1% | 18.3% | — | 0.63 | 81% | 315 | 17 |
| 2022 | 32 | $17.1M | $-2.1M | -1.5% | -12.4% | — | 0.49 | 75% | 298 | 59 |
| 2023 | 32 | $18.0M | $1.3M | 9.0% | 7.3% | — | 1.08 | 70% | 301 | 4 |
| 2024 | 32 | $19.1M | $754K | 12.5% | 3.9% | — | 2.65 | 86% | 358 | 12 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2010-12 | |
| Select Medical Corporation | operational/managerial control | 100 | 2010-12 | |
| Select Specialty Hospitals Inc | 5% or greater direct ownership interest | 100 | 2010-12 | |
| Frank Weber | corporate officer | 2022-08 | ||
| Frank Weber | w-2 managing employee | 2022-08 | ||
| Frank Weber | operational/managerial control | 2022-08 | ||
| John Duggan | corporate officer | 2006-12 | ||
| 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.