dealflow
envelope $200M

← Targets

Vista Health Texarkana

dba Riverview Behavioral Health · Texarkana, Miller County, AR · CCN 044020
Licensed to Riverview Behavioral Health Llc

Composite
59.3
rank score
Distress
61
FY2023
Fit
75
vs thesis
Estimated ticket
$11.7M–$46.8M
50 beds · within envelope
Ownership
for-profit
PH

Why it ranks here

  • operating margin under 2%
  • total margin under 2%
  • under 30 days cash on hand
  • current ratio below 0.8
  • liabilities exceed assets
  • 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
  • small ticket — deploys little of the available capital
  • strong occupancy — good iteration surface
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$13.6M
Operating margin 2.0%
Total margin 2.0%
Days cash on hand 0
Current ratio 0.23
Occupancy76%

Facility

Beds50
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $234K
Per-bed (high) $935K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 50 $10.1M $796K 7.9% 7.8% 0 0.89 70% 1,419 42
2021 50 $10.2M $370K 3.1% 3.6% 0 1.19 65% 1,252 37
2022 50 $11.8M $-127K -1.1% -1.1% 0 0.20 66% 1,105 70
2023 50 $13.6M $271K 2.0% 2.0% 0 0.23 76% 1,347 61

Owners

OwnerRole%SinceType
Acadia Healthcare Company Inc
Franklin, TN
5% or greater direct ownership interest 100 2013-12 chain
Brian Farley corporate officer 2023-07
Colleen Vicari w-2 managing employee 2021-06
Deborah Kraemer w-2 managing employee 2012-06
Debra Osteen corporate officer 2026-01
Stacie Harty w-2 managing employee 2018-06
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.