Velarion Records

Long-term care hospital · Saginaw, Michigan · 32 beds · CMS certification number 232033

Select Speciatly Hospital Saginaw

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended February 28, 2026, as submitted, stamped by CMS July 14, 2026. 23 years on file, every one shown below.

Fiscal 2026 at a glance

Net patient revenue
$16.3M
$16,279,442 · G-3 line 3
Operating expenses
$14.8M
$14,828,276 · G-3 line 4
Result from patient care
$1.5M
$1,451,166 · G-3 line 5
Margin on patient care
8.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $9.7M in its first year on file (2004) to $16.3M in 2026.
  • Its result from patient care: $428K (2024), $2.0M (2025), $1.5M (2026).
  • 3 of the 5 long-term care hospital peers below with a margin on file also report a gain on patient care for fiscal year 2026.
  • SELECT MEDICAL CORPORATION holds 100% of it, on its Medicare enrollment.

Every statement is drawn from figures on this page; nothing is estimated.

23 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
2004
settled
$9.7M
$7.2M
2005
settled
$12.9M
$8.8M
2006
settled
$14.5M
$11.2M
2007
settled
$16.1M
$11.8M
2008
reopened
$15.3M
$12.3M
2009
reopened
$17.5M
$12.6M
2010
settled
$17.0M
$12.4M
2011
settled
$17.5M
$12.4M
2012
settled
$17.0M
$12.9M
2013
settled
$14.1M
$11.5M
2014
settled
$15.4M
$12.1M
2015
settled
$14.8M
$12.2M
2016
reopened
$15.0M
$12.5M
2017
reopened
$14.3M
$12.0M
2018
settled
$12.7M
$11.8M
2019
settled
$12.7M
$11.6M
2020
settled
$14.4M
$13.0M
2021
settled
$17.7M
$14.3M
2022
settled
$14.3M
$13.9M
2023
settled
$15.8M
$14.2M
2024
settled
$14.1M
$13.7M
2025
as submitted
$16.7M
$14.7M
2026
as submitted
$16.3M
$14.8M

Beside its peers

Hospitals of the same type (long-term care hospital), nearest in size, from Michigan first; each on fiscal year 2026.

HospitalBedsNet patient revenueOperating expensesMargin
Select Speciatly Hospital Saginaw32$16,279,442$14,828,2768.9%
Continuecare Hospital at Baptist Health Corbin, Corbin (KY)32$14,723,902$11,520,96121.8%
Select Specialty Hospital - Flint, Flint26$18,664,230$14,615,96521.7%
Select Specialty Hospital - Battle Creek, Battle Creek25$13,454,337$13,772,301−2.4%
Select Specialty Hospital-Wyandotte, Wyandotte71$37,349,678$35,818,6274.1%
Select Specialty Hospital - Tallahassee, Tallahassee (FL)35$24,965,786$27,817,444−11.4%

Patients and payers

Discharges
297
S-3 line 14, col 15
Inpatient days
7,170
S-3 line 14, col 8
Beds in use, on an average day
19.7
days ÷ days in year
Occupancy
61.4%
days ÷ bed days
Medicare share of days
19.8%
S-3 cols 6 ÷ 8

Who owns it

  • SELECT MEDICAL CORPORATION100%
  • SELECT SPECIALTY HOSPITALS INC100%

Related organizations on its own cost report: SELECT MEDICAL, healthcare.

Other hospitals with the same owner: Select Specialty Hospital - Birmingham (AL), Select Specialty Hospital - Phoenix (AZ), Select Specialty Hospital - Tucson Northwest (AZ), Select Specialty Hospital-Arizona (AZ), Honorhealth Rehabilitation Hospital (AZ), Banner Rehabilitation Hospital (AZ), Regency Hospital of Springdale (AR), Select Specialty Hospital-San Diego (CA), California Rehabilitation Institute (CA), Select Specialty Hospital - Wilmington (DE), Select Specialty Hospital - Miami (FL).

Type of control on its cost report: proprietary, corporation.

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

Follow this hospital, free

We send this record now and tell you when it files again.

More long-term care hospitals in Michigan

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 232033. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read July 14, 2026.