dealflow
envelope $200M

← Targets

Bryce Hospital

Tuscaloosa, Tuscaloosa County, AL · CCN 014007
Licensed to State Of Alabama Dept Of Mental Health & Mental Retardation

Composite
30.0
rank score
Distress
0
FY2024
Fit
75
vs thesis
Estimated ticket
$26.9M–$108M
98 beds · within envelope
Ownership
government
PH

Why it ranks here

  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • bed count in the target band
  • ticket size somewhat below the envelope
  • strong occupancy — good iteration surface
  • government-owned — public process likely

Latest financials · FY2024

Net patient revenue$64.7M
Operating margin 21.6%
Total margin 22.2%
Days cash on hand
Current ratio
Occupancy89%

Facility

Beds98
Facility typePH
Settingurban
Ownership classgovernment
Per-bed (low) $275K
Per-bed (high) $1.1M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 98 $47.6M $3.0M 5.4% 6.1% 79% 54 0
2022 98 $44.2M $-1.7M -4.7% -3.9% 91% 69 60
2023 98 $76.4M $23.0M 29.5% 29.9% 77% 48 0
2024 98 $64.7M $14.5M 21.6% 22.2% 89% 67 0

Owners

OwnerRole%SinceType
State Of Alabama Dept Of Mental Health & Mental Retardation
Tuscaloosa, AL
5% or greater direct ownership interest 100 2012-01
State Of Alabama Dept Of Mental Health & Mental Retardation
Tuscaloosa, AL
operational/managerial control 100 2012-01
Andrea Burns corporate director 2026-01
Andrea Burns w-2 managing employee 2026-01
Audrey Mcshan corporate director 2018-09
Audrey Mcshan w-2 managing employee 2018-09
Lisa Byrd w-2 managing employee 2023-12
Lisa Byrd operational/managerial control 2023-12

Ownership changes

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