dealflow
envelope $200M

← Targets

Phoenix Medical Psychiatric Hospital

Phoenix, Maricopa County, AZ · CCN 034038
Licensed to Phoenix Medical Psychiatric Hospital, Llc

Composite
67.8
rank score
Distress
72
FY2023
Fit
88
vs thesis
Estimated ticket
$18.5M–$73.9M
96 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
  • liabilities exceed assets
  • occupancy 45-60%
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • bed count in the target band
  • ticket size somewhat below the envelope
  • moderate occupancy
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$14.3M
Operating margin -12.1%
Total margin -12.1%
Days cash on hand 0
Current ratio 5.21
Occupancy51%

Facility

Beds96
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
2021 96 $10.1M $-6.7M -66.9% -66.3% 5 2.29 36% 687 83
2022 96 $10.9M $-6.9M -63.4% -63.4% 0 0.35 40% 1,145 97
2023 96 $14.3M $-1.7M -12.1% -12.1% 0 5.21 51% 1,713 72

Owners

OwnerRole%SinceType
Denise Dain operational/managerial control 100 2025-05
James Burroughs corporate officer 100 2022-04
Neuropychiatric Hospitals Llc
South Bend, IN
5% or greater direct ownership interest 100 2014-01
Nph Holdings Llc
Wilmington, DE
5% or greater indirect ownership interest 100 2020-09
Reshana Williams operational/managerial control 100 2025-07
Christy Keltner corporate director 2024-04

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