Riverwoods Behavioral Health System
dba Lakeview Behavioral Health ·
Riverdale, Clayton County, GA
· CCN 114035
Licensed to Riverwoods Behavioral Health, Llc
Composite
55.5
rank score
Distress
37
FY2023
Fit
92
vs thesis
Estimated ticket
$61.3M–$245M
223 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin negative
- total margin under 2%
- under 30 days cash on hand
- 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
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $44.3M |
| Operating margin | -0.1% |
| Total margin | 0.2% |
| Days cash on hand | 0 |
| Current ratio | 2.76 |
| Occupancy | 73% |
Facility
| Beds | 223 |
| 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 | 155 | $27.7M | $-10.8M | -45.6% | -35.7% | 0 | 1.22 | 84% | 8,056 | 70 |
| 2021 | 203 | $35.3M | $-4.1M | -22.1% | -10.6% | — | — | 74% | 8,867 | 83 |
| 2022 | 223 | $42.2M | $-732K | -5.3% | -1.7% | 0 | 2.37 | 75% | 8,795 | 52 |
| 2023 | 223 | $44.3M | $88.3K | -0.1% | 0.2% | 0 | 2.76 | 73% | 8,460 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Acadia Healthcare Company Inc | 5% or greater direct ownership interest | 100 | 2008-06 | chain |
| Brian Farley | corporate officer | 2023-07 | ||
| Charles Kennedy | w-2 managing employee | 2025-05 | ||
| Deborah Kraemer | w-2 managing employee | 2012-06 | ||
| Debra Osteen | corporate officer | 2026-01 | ||
| Stacie Harty | w-2 managing employee | 2018-06 | ||
| Timothy Sides | w-2 managing employee | 2023-06 | ||
| Todd Young | corporate officer | 2025-10 |
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 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 |