Palm Point Behavioral Healthcare
dba Palm Point Behavioral Health ·
Titusville, Brevard County, FL
· CCN 104082
Licensed to Palm Point Behavioral Health Llc
Composite
68.0
rank score
Distress
78
FY2023
Fit
78
vs thesis
Estimated ticket
$14.2M–$57.0M
74 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 under 1.5
- liabilities exceed assets
- occupancy 30-45%
- 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
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $11.1M |
| Operating margin | -22.9% |
| Total margin | -22.6% |
| Days cash on hand | 0 |
| Current ratio | 1.15 |
| Occupancy | 33% |
Facility
| Beds | 74 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 48 | $5.1M | $-3.6M | -71.8% | -70.0% | 0 | 0.66 | 49% | 1,723 | 93 |
| 2021 | 74 | $9.0M | $-1.6M | -18.3% | -17.5% | 0 | 1.49 | 43% | 2,273 | 87 |
| 2022 | 74 | $10.2M | $-2.7M | -26.8% | -26.6% | 0 | 0.95 | 40% | 2,207 | 92 |
| 2023 | 74 | $11.1M | $-2.5M | -22.9% | -22.6% | 0 | 1.15 | 33% | 1,948 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Ramagano | corporate officer | 100 | 2014-07 | |
| George Brunner | corporate officer | 100 | 2014-07 | |
| Katharine Lyver | corporate officer | 100 | 2024-01 | |
| Matthew Klein | corporate officer | 100 | 2014-07 | |
| Matthew Peterson | corporate officer | 100 | 2019-09 | |
| Matthew Peterson | operational/managerial control | 100 | 2019-09 | |
| Steve Filton | corporate officer | 100 | 2019-09 | |
| Steve Filton | operational/managerial control | 100 | 2019-09 | |
| Thomas Day | corporate officer | 100 | 2021-07 | |
| Uhs Of Delaware Inc | operational/managerial control | 100 | 2014-07 | chain |
| Uhs Sub Iii Llc | 5% or greater direct ownership interest | 100 | 2022-02 | |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 100 | 2022-02 | |
| Alan Miller | 5% or greater indirect ownership interest | 87 | 2024-03 | |
| James Coleman | contracted managing employee | 50 | 2014-07 | |
| Matthew Peterson | corporate director | 33 | 2019-09 | |
| Steve Filton | corporate director | 33 | 2019-09 | |
| Thomas Day | corporate director | 33 | 2021-07 | |
| Dustin Jones | contracted managing employee | 2024-09 | ||
| Dustin Jones | corporate officer | 2024-09 | ||
| Thomas Mahle | contracted managing employee | 2019-01 | ||
| Thomas Mahle | corporate officer | 2019-01 |
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 |