Brentwood Springs
Newburgh, IN
· CCN 154055
Licensed to Brentwood Meadows, Llc
Composite
35.9
rank score
Distress
5
FY2023
Fit
84
vs thesis
Estimated ticket
$13.2M–$52.8M
48 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- debt above 70% of assets
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $19.2M |
| Operating margin | 11.6% |
| Total margin | 11.7% |
| Days cash on hand | — |
| Current ratio | 5.59 |
| Occupancy | 81% |
Facility
| Beds | 48 |
| 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 | 48 | $11.0M | $-583K | -6.4% | -5.3% | 0 | 0.31 | 70% | 1,570 | 74 |
| 2021 | 48 | $14.1M | $739K | 5.1% | 5.2% | 0 | 0.86 | 74% | 1,564 | 39 |
| 2022 | 48 | $16.3M | $758K | 4.5% | 4.7% | 0 | 0.23 | 75% | 1,730 | 43 |
| 2023 | 48 | $19.2M | $2.3M | 11.6% | 11.7% | — | 5.59 | 81% | 2,091 | 5 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Lifepoint Behavioral Health, Llc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Lifepoint Rehab Blocker Llc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Lifepoint Rehab Blocker Parent Llc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Lifepoint Rehab Llc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Lpnt Autumn Holdco, Llc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Springstone Health Opco, Llc | 5% or greater direct ownership interest | 100 | 2010-10 | |
| Charlotte Lawrence | corporate officer | 2023-02 | ||
| Christopher Jagoditz | corporate officer | 2025-10 | ||
| Christopher Monte | corporate officer | 2023-02 | ||
| Elliott Brown | corporate officer | 2026-04 | ||
| John Strachan | w-2 managing employee | 2024-02 | ||
| Lifepoint Behavioral Health Services, Llc | operational/managerial control | 2023-02 | ||
| Marcus Poppell | other | 2023-02 | ||
| Martin Mann | corporate officer | 2023-02 | ||
| Nicoletta Tessler | corporate officer | 2025-08 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.