dealflow
envelope $200M

← Targets

Aurora Bhs Of Arizona

Glendale, Maricopa County, AZ · CCN 034024
Licensed to Aurora Behavioral Health Systems, Llc

Composite
60.9
rank score
Distress
54
FY2023
Fit
92
vs thesis
Estimated ticket
$23.4M–$93.5M
100 beds · within envelope
Ownership
for-profit
PH

Why it ranks here

  • operating margin -10% to -5%
  • under 30 days cash on hand
  • debt above 70% of assets
  • margin deteriorating sharply
  • 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
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$32.0M
Operating margin -6.7%
Total margin 3.1%
Days cash on hand 0
Current ratio 2.70
Occupancy86%

Facility

Beds100
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $234K
Per-bed (high) $935K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 100 $29.7M $2.7M 3.9% 8.6% 18 4.87 84% 4,170 22
2021 100 $30.7M $1.9M -1.1% 5.7% 9 6.13 85% 3,893 38
2022 100 $31.2M $66.4K -8.2% 0.2% 0 2.99 85% 3,923 48
2023 100 $32.0M $1.1M -6.7% 3.1% 0 2.70 86% 3,934 54

Owners

OwnerRole%SinceType
Chelsea Vickers corporate officer 100 2024-01
Chelsea Vickers operational/managerial control 100 2024-01
Rebekah Francis corporate officer 100 2013-02
Rebekah Francis w-2 managing employee 100 2013-02
Signature Healthcare Services, Llc
Troy, MI
5% or greater direct ownership interest 100 2005-08
Signature Healthcare Services, Llc
Troy, MI
operational/managerial control 100 2005-08
Soon Kim 5% or greater indirect ownership interest 100 2005-08
Soon Kim operational/managerial control 100 2005-08

Ownership changes

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

Who has been buying in AZ

Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.

DateBuyerSellerHospitalBeds
2025-03-20 College Medical Center Phoenix Llc St Lukes Behavioral Hospital Lp St. Lukes Behavioral Health Center 127