dealflow
envelope $200M

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Hill Crest Hospital

dba Hill Crest Behavioral Health Services · Birmingham, AL · CCN 014000
Licensed to Hc Partnership

Composite
16.0
rank score
Distress
36
FY2023
Fit
60
vs thesis
Estimated ticket
—–—
— beds · over envelope
Ownership
for-profit
PH

Why it ranks here

  • under 30 days cash on hand
  • current ratio below 0.8
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • strong occupancy — good iteration surface
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$21.7M
Operating margin 5.5%
Total margin 6.1%
Days cash on hand 0
Current ratio 0.38
Occupancy68%

Facility

Beds
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low)
Per-bed (high)

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 78 $20.1M $533K -0.2% 2.6% 0 0.35 80% 495 51
2022
2023 103 $21.7M $1.3M 5.5% 6.1% 0 0.38 68% 318 36
2024

Owners

OwnerRole%SinceType
Katharine Lyver corporate officer 100 2024-01
Matthew Klein corporate officer 100 2010-11
Matthew Peterson corporate officer 100 2019-09
Matthew Peterson operational/managerial control 100 2019-09
Steve Filton corporate officer 100 2010-11
Steve Filton operational/managerial control 100 2010-11
Thomas Day corporate officer 100 2021-07
Uhs Of Delaware Inc
King Of Prussia, PA
operational/managerial control 100 2010-11
Alan Miller 5% or greater indirect ownership interest 87 2024-03
Hc Corporation
King Of Prussia, PA
general partnership interest 50 1987-07
Hsa Hill Crest Corporation
King Of Prussia, PA
general partnership interest 50 1987-07
Matthew Peterson corporate director 33 2019-09
Steve Filton corporate director 33 2010-11
Thomas Day corporate director 33 2021-07
Ballard Sheppard contracted managing employee 2022-06
Ballard Sheppard corporate officer 2022-06
Cheryl Ramagano corporate officer 2010-11
George Brunner corporate officer 2010-11
James Coleman contracted managing employee 2013-07
Premier Behavioral Solutions, Inc.
King Of Prussia, PA
5% or greater indirect ownership interest 1987-07
Psychiatric Solutions, Inc.
King Of Prussia, PA
5% or greater indirect ownership interest 1987-07
Thomas Bernal contracted managing employee 2022-10
Thomas Bernal corporate officer 2022-10
Universal Health Services
King Of Prussia, PA
5% or greater indirect ownership interest 2010-10

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.