Brightwell Behavioral Health
Clarksville, Clark County, IN
· CCN 154066
Licensed to Clarksville Psych Hospital Llc
Composite
62.1
rank score
Distress
73
FY2023
Fit
73
vs thesis
Estimated ticket
$4.2M–$16.9M
22 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
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $5.4M |
| Operating margin | -14.1% |
| Total margin | -14.1% |
| Days cash on hand | 3 |
| Current ratio | 1.15 |
| Occupancy | 79% |
Facility
| Beds | 22 |
| 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 | 22 | $3.3M | $-732K | -39.1% | -18.8% | 32 | 1.51 | 50% | 221 | 74 |
| 2021 | 22 | $5.4M | $-290K | -5.7% | -5.4% | 10 | 0.75 | 73% | 350 | 81 |
| 2022 | 22 | $5.7M | $-395K | -7.9% | -6.9% | 7 | 0.55 | 80% | 380 | 81 |
| 2023 | 22 | $5.4M | $-764K | -14.1% | -14.1% | 3 | 1.15 | 79% | 394 | 73 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Clarksville Psych Jv, Llc | 5% or greater direct ownership interest | 100 | 2018-08 | |
| Christopher King | corporate officer | 50 | 2018-08 | |
| Christopher King | operational/managerial control | 50 | 2023-06 | |
| Tamara Moore | corporate director | 10 | 2023-05 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.