dealflow
envelope $200M

← Targets

Vista Health-Fort Smith

dba Valley Behavioral Health System · Fort Smith, AR · CCN 044006
Licensed to Valley Behavioral Health System Llc

Composite
53.2
rank score
Distress
42
FY2023
Fit
81
vs thesis
Estimated ticket
$18.7M–$74.8M
68 beds · within envelope
Ownership
for-profit
PH

Why it ranks here

  • under 30 days cash on hand
  • current ratio below 0.8
  • margin deteriorating sharply
  • part of a multi-hospital chain — divestiture candidate
  • 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$22.1M
Operating margin 11.5%
Total margin 11.5%
Days cash on hand 0
Current ratio -0.21
Occupancy85%

Facility

Beds68
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $275K
Per-bed (high) $1.1M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 68 $19.1M $3.3M 17.3% 17.0% 0 0.95 58% 1,875 33
2021 68 $18.7M $2.3M 11.5% 12.1% 0 1.22 67% 2,185 26
2022 68 $18.9M $1.2M 6.2% 6.2% 0 -0.27 74% 2,126 36
2023 68 $22.1M $2.5M 11.5% 11.5% 0 -0.21 85% 2,424 42

Owners

OwnerRole%SinceType
Acadia Healthcare Company Inc
Franklin, TN
5% or greater direct ownership interest 100 2016-01 chain
Brian Farley corporate officer 2023-07
Deborah Kraemer w-2 managing employee 2012-06
Debra Osteen corporate officer 2026-01
Stacie Harty w-2 managing employee 2018-06
Tammy Rodgers w-2 managing employee 2025-07
Timothy Sides w-2 managing employee 2023-06
Todd Young corporate officer 2025-10

Ownership changes

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