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Background Selectis Health, Inc. ( Selectis or we or the Company ) owns and operates, through wholly-owned subsidiaries, Assisted Living Facilities, Independent Living Facilities, and Skilled Nursing Facilities across the South and Southeastern portions of the U.S. In 2019, the Company shifted from leasing long-term care facilities to third-party, independent operators towards an owner operator…
The business is unprofitable at the operating level (-3.78% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 4.9%, steady but not accelerating.
Net debt of $23M represents 16.2x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$38M
▲ +4.9% YoY
Net Income (TTM)
$6M
▲ +58.1% YoY
Op. Margin
-6.29%
▲ +3.1pp YoY
ROIC
-7.44%
▲ +1.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▲ +177.3% YoY
Op. Cash Flow (TTM)
-$1M
▲ +203.2% YoY
Net Debt
$16M
Cash & Equiv.
$1M
5Y CAGR: +14.6%
5Y CAGR: -3.8%
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