dealflow
envelope $200M

← Targets

Johnstown Heights Behavioral Health

Johnstown, CO · CCN 064029

Composite
70.8
rank score
Distress
87
FY2023
Fit
79
vs thesis
Estimated ticket
$17.7M–$70.8M
92 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 30-45%
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • bed count in the target band
  • ticket size somewhat below the envelope
  • thin occupancy
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$11.0M
Operating margin -60.6%
Total margin -60.4%
Days cash on hand 0
Current ratio 0.05
Occupancy40%

Facility

Beds92
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 92 $2.1M $-7.7M -371.8% -371.8% 0 0.06 41% 463 97
2022 92 $14.4M $-89.6K -0.7% -0.6% 0 0.11 49% 1,982 72
2023 92 $11.0M $-6.7M -60.6% -60.4% 0 0.05 40% 1,751 87

Owners

No ownership records — CMS has no owner filings mapped to this CCN.

Ownership changes

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