Lifestream Behavioral Center
Leesburg, Lake County, FL
· CCN 104018
Licensed to Lifestream Behavioral Center Inc
Composite
36.8
rank score
Distress
3
FY2024
Fit
88
vs thesis
Estimated ticket
$18.1M–$72.6M
66 beds ·
within envelope
Ownership
nonprofit
PH
Why it ranks here
- margin slipping
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $-8.7M |
| Operating margin | 778.7% |
| Total margin | 7.7% |
| Days cash on hand | 158 |
| Current ratio | 4.02 |
| Occupancy | 66% |
Facility
| Beds | 66 |
| Facility type | PH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $275K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 66 | $-4.4M | $5.8M | 1,393.6% | 9.3% | 149 | 4.70 | 80% | 3,287 | 4 |
| 2022 | 66 | $-4.8M | $4.5M | 1,275.6% | 7.4% | 82 | 4.51 | 77% | 3,475 | 10 |
| 2023 | 66 | $-6.0M | $8.6M | 1,131.8% | 12.1% | 111 | 3.45 | 74% | 3,244 | 4 |
| 2024 | 66 | $-8.7M | $4.9M | 778.7% | 7.7% | 158 | 4.02 | 66% | 2,814 | 3 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Lifestream Behavioral Center Inc | operational/managerial control | 2019-06 | ||
| Rick Hankey | corporate director | 2023-07 | ||
| Rick Hankey | w-2 managing employee | 2023-07 | ||
| Timothy Morris | corporate officer | 2009-10 |
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 FL
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2025-07-01 | 9001 Tamiami Trail Opco, Llc | Willough Healthcare Inc | The Willough At Naples | 87 |
| 2019-06-03 | Southern Winds Hospital Llc | Southern Winds Health Llc | Southern Winds Hospital Llc | 72 |