Ridgeview Institute Smyrna
dba Ridgeview Institute ·
Smyrna, Cobb County, GA
· CCN 114012
Licensed to Rv Behavioral, Llc
Composite
43.8
rank score
Distress
15
FY2023
Fit
92
vs thesis
Estimated ticket
$51.7M–$207M
188 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- 30-60 days cash on hand
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $46.2M |
| Operating margin | 30.4% |
| Total margin | 25.6% |
| Days cash on hand | 32 |
| Current ratio | 4.55 |
| Occupancy | 73% |
Facility
| Beds | 188 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 188 | $35.9M | $6.9M | 20.9% | 18.8% | 12 | 1.34 | 58% | 5,265 | 28 |
| 2021 | 188 | $38.8M | $5.8M | 20.0% | 15.0% | 14 | 1.84 | 62% | 5,438 | 22 |
| 2022 | 188 | $40.1M | $6.8M | 20.8% | 16.9% | 6 | 2.41 | 65% | 5,992 | 22 |
| 2023 | 188 | $46.2M | $12.0M | 30.4% | 25.6% | 32 | 4.55 | 73% | 6,275 | 15 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Us Healthvest, Llc | 5% or greater direct ownership interest | 100 | 2017-01 | |
| Pvp Us Healthvest, Inc | 5% or greater indirect ownership interest | 28 | 2017-01 | |
| Richard Kresch | 5% or greater indirect ownership interest | 14 | 2017-01 | |
| F-Prime Capital Partners Hc Cambridge Fund Iii Lp | 5% or greater indirect ownership interest | 10 | 2017-01 | |
| Oak Hc/ft Ushv Blocker Corp | 5% or greater indirect ownership interest | 9 | 2017-01 | |
| Pp Vii Us Healthvest Inc | 5% or greater indirect ownership interest | 6 | 2017-01 | |
| F-Prime Capital Partners Hc International Fund Iii Lp | 5% or greater indirect ownership interest | 5 | 2017-01 | |
| James Cha | corporate director | 2017-01 | ||
| Richard Kresch | corporate officer | 2017-01 | ||
| Richard Kresch | corporate director | 2017-01 | ||
| Richard Kresch | w-2 managing employee | 2023-02 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2017-01-05 | change of ownership | Rv Behavioral, Llc | Ridgeview Institute,inc |
Who has been buying in GA
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 |
|---|---|---|---|---|
| 2017-01-05 | Rv Behavioral, Llc | Ridgeview Institute,inc | Ridgeview Institute Smyrna | 188 |