dealflow
envelope $200M

← Targets

Springwoods Behavioral

dba Springwoods Behavioral Health · Fayetteville, Washington County, AR · CCN 044019
Licensed to Uhs Of Springwoods Llc

Composite
71.1
rank score
Distress
94
FY2023
Fit
72
vs thesis
Estimated ticket
$15.4M–$61.6M
80 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
  • current ratio below 0.8
  • liabilities exceed assets
  • occupancy 45-60%
  • margin deteriorating sharply
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • bed count in the target band
  • small ticket — deploys little of the available capital
  • moderate occupancy
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$12.1M
Operating margin -24.3%
Total margin -21.5%
Days cash on hand 0
Current ratio 0.06
Occupancy47%

Facility

Beds80
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 80 $10.8M $-1.5M -16.7% -13.4% 0 0.04 47% 2,381 93
2021 80 $11.1M $-1.7M -15.8% -15.4% 0 0.05 49% 2,260 93
2022 80 $12.9M $-627K -7.6% -4.7% 0 0.07 55% 2,444 83
2023 80 $12.1M $-2.7M -24.3% -21.5% 0 0.06 47% 2,146 94

Owners

OwnerRole%SinceType
Cheryl Ramagano corporate officer 100 2006-08
Cheryl Ramagano operational/managerial control 100 2006-08
George Brunner corporate officer 100 2006-08
Katharine Lyver corporate officer 100 2024-01
Matthew Klein corporate officer 100 2010-10
Matthew Peterson corporate officer 100 2019-09
Matthew Peterson operational/managerial control 100 2019-09
Steve Filton corporate officer 100 2006-08
Steve Filton operational/managerial control 100 2006-08
Thomas Day corporate officer 100 2021-07
Uhs Of Delaware Inc
King Of Prussia, PA
operational/managerial control 100 2007-01
Uhs Of New Orleans Llc
King Of Prussia, PA
5% or greater direct ownership interest 100 2007-01
Universal Health Services Inc
King Of Prussia, PA
5% or greater indirect ownership interest 100 2007-01
Alan Miller 5% or greater indirect ownership interest 87 2024-03
James Coleman contracted managing employee 50 2006-08
Matthew Peterson corporate director 33 2019-09
Steve Filton corporate director 33 2006-08
Thomas Day corporate director 33 2021-07
Marty Harrison contracted managing employee 2021-07
Marty Harrison corporate officer 2021-07
Uhs Of Delaware Inc
King Of Prussia, PA
5% or greater indirect ownership interest 2007-01
Wallace Frazier contracted managing employee 2024-08
Wallace Frazier corporate officer 2024-08

Ownership changes

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