The Willough At Naples
dba Axiom Behavioral Health At Naples ·
Naples, Collier County, FL
· CCN 104063
Licensed to 9001 Tamiami Trail Opco, Llc
Already transacted. CMS recorded an ownership change effective
2025-07-01. Confirm the current owner before spending a call on this.
Composite
22.4
rank score
Distress
68
FY2023
Fit
84
vs thesis
Estimated ticket
$20.3M–$81.3M
87 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 30-45%
- margin deteriorating sharply
- 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
- changed ownership 2025-07-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $8.5M |
| Operating margin | -0.8% |
| Total margin | -0.8% |
| Days cash on hand | 0 |
| Current ratio | -0.08 |
| Occupancy | 31% |
Facility
| Beds | 87 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 87 | $17.6M | $4.1M | 23.5% | 23.5% | 2 | 0.21 | 71% | 1,456 | 36 |
| 2021 | 87 | $15.2M | $3.2M | 20.8% | 20.9% | 0 | -0.08 | 72% | 1,636 | 36 |
| 2022 | 87 | $11.2M | $626K | 5.5% | 5.6% | 0 | -0.08 | 49% | 1,164 | 38 |
| 2023 | 87 | $8.5M | $-65.2K | -0.8% | -0.8% | 0 | -0.08 | 31% | 809 | 68 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Axiom Health Opco Holdco Llc | 5% or greater direct ownership interest | 100 | 2025-07 | |
| 1026 Enterprises Ii, Llc | 5% or greater indirect ownership interest | 80 | 2025-07 | |
| 10-26 Nationwide Tr | 5% or greater indirect ownership interest | 76 | 2025-07 | |
| Banjo Healthcare Management Llc | 5% or greater indirect ownership interest | 20 | 2025-07 | |
| Benjamin Teitelbaum | 5% or greater indirect ownership interest | 10 | 2025-07 | |
| Joseph Bernfeld | 5% or greater indirect ownership interest | 10 | 2025-07 | |
| Benjamin Teitelbaum | corporate officer | 2025-07 | ||
| Elayne Honerlaw | w-2 managing employee | 2025-07 | ||
| Joseph Bernfeld | corporate officer | 2025-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2025-07-01 | change of ownership | 9001 Tamiami Trail Opco, Llc | Willough Healthcare Inc |
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 |