dealflow
envelope $200M

← Targets

Aurora Behavioral Healthcare-Tempe

Tempe, Maricopa County, AZ · CCN 034028
Licensed to Aurora Behavioral Healthcare - Tempe, Llc

Composite
68.1
rank score
Distress
70
FY2023
Fit
92
vs thesis
Estimated ticket
$26.6M–$106M
138 beds · within envelope
Ownership
for-profit
PH

Why it ranks here

  • operating margin below -10%
  • total margin -8% to -3%
  • 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$38.9M
Operating margin -13.0%
Total margin -3.1%
Days cash on hand 0
Current ratio 2.83
Occupancy73%

Facility

Beds138
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $192K
Per-bed (high) $770K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 138 $39.2M $3.3M 3.7% 8.1% 17 6.38 74% 4,366 22
2021 138 $41.0M $4.7M 2.7% 10.6% 4 6.85 77% 4,400 22
2022 138 $37.8M $918K -6.2% 2.2% 0 4.07 72% 4,227 44
2023 138 $38.9M $-1.3M -13.0% -3.1% 0 2.83 73% 4,170 70

Owners

OwnerRole%SinceType
Chelsea Vickers corporate officer 100 2024-01
Chelsea Vickers operational/managerial control 100 2024-01
Signature Healthcare Services, Llc
Troy, MI
5% or greater direct ownership interest 100 2010-02
Signature Healthcare Services, Llc
Troy, MI
operational/managerial control 100 2010-02
Soon Kim 5% or greater indirect ownership interest 100 2010-02
Rebekah Francis corporate officer 50 2013-03
Rebekah Francis w-2 managing employee 50 2013-03

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