Avenir Behavioral Health Center
Surprise, Maricopa County, AZ
· CCN 034035
Licensed to Surprise Behavioral Hospital Lp
Composite
67.2
rank score
Distress
77
FY2023
Fit
82
vs thesis
Estimated ticket
$6.2M–$24.6M
32 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- debt above 85% of assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $5.5M |
| Operating margin | -42.6% |
| Total margin | -29.4% |
| Days cash on hand | 7 |
| Current ratio | 2.00 |
| Occupancy | 88% |
Facility
| Beds | 32 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 32 | $3.8M | $-1.0M | -38.7% | -23.1% | 0 | 0.42 | 72% | 475 | 91 |
| 2021 | 32 | $7.5M | $558K | 7.0% | 7.4% | 2 | 0.64 | 79% | 869 | 47 |
| 2022 | 32 | $9.1M | $1.9M | 19.3% | 20.3% | 1 | 0.86 | 78% | 966 | 36 |
| 2023 | 32 | $5.5M | $-1.8M | -42.6% | -29.4% | 7 | 2.00 | 88% | 970 | 77 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Avenir Senior Living, Llc | operational/managerial control | 50 | 2017-07 | |
| Surprise Gp Inc | operational/managerial control | 50 | 2017-07 | |
| Avenir Family Holdings, Inc | 5% or greater indirect ownership interest | 43 | 2017-07 | |
| Avenir Seniors Corp | 5% or greater direct ownership interest | 43 | 2017-07 | |
| Avenir Seniors Corp | limited partnership interest | 43 | 2017-07 | |
| David Craik | 5% or greater indirect ownership interest | 43 | 2017-07 | |
| Peggy Ulland | corporate director | 33 | 2019-01 | |
| Peter Muhlbach | corporate director | 33 | 2019-01 | |
| Chancery Surprise Us, Lp | 5% or greater direct ownership interest | 32 | 2017-07 | |
| Chancery Surprise Us, Lp | limited partnership interest | 32 | 2017-07 | |
| 0720887 B.c. Ltd | 5% or greater indirect ownership interest | 25 | 2017-07 | |
| David Craik | operational/managerial control | 25 | 2017-07 | |
| Eric Perry | w-2 managing employee | 25 | 2024-02 | |
| Jason Craik | 5% or greater indirect ownership interest | 25 | 2017-07 | |
| Jason Craik | operational/managerial control | 25 | 2017-07 | |
| Peter Muhlbach | operational/managerial control | 25 | 2018-10 | |
| Teykeeday Projects Corp. | 5% or greater indirect ownership interest | 25 | 2017-07 | |
| Tkd Investment Corp | 5% or greater direct ownership interest | 25 | 2017-07 | |
| Tkd Investment Corp | limited partnership interest | 25 | 2017-07 | |
| Chancery Surprise Us Gp, Inc | general partnership interest | 0 | 2017-07 | |
| David Craik | general partnership interest | 0 | 2017-07 | |
| Surprise Gp Inc | general partnership interest | 0 | 2017-07 |
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.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2025-03-20 | College Medical Center Phoenix Llc | St Lukes Behavioral Hospital Lp | St. Lukes Behavioral Health Center | 127 |