Maple Heights Behavioral Health
Ft Wayne, Allen County, IN
· CCN 154070
Licensed to Fwbh Llc
Composite
67.1
rank score
Distress
76
FY2023
Fit
78
vs thesis
Estimated ticket
$23.1M–$92.4M
120 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
- occupancy below 30%
- 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 somewhat below the envelope
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $5.9M |
| Operating margin | -83.8% |
| Total margin | -83.7% |
| Days cash on hand | 0 |
| Current ratio | 2.15 |
| Occupancy | 17% |
Facility
| Beds | 120 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 120 | $5.9M | $-5.0M | -83.8% | -83.7% | 0 | 2.15 | 17% | 887 | 76 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Acadia Fort Wayne Jv Holdings Llc | 5% or greater direct ownership interest | 65 | 2021-02 | |
| Acadia Healthcare Company Inc | 5% or greater indirect ownership interest | 65 | 2021-02 | chain |
| Acadia Jv Holdings Llc | 5% or greater indirect ownership interest | 65 | 2021-02 | |
| Lutheran Health Network Of Indiana Llc | 5% or greater direct ownership interest | 35 | 2021-02 | |
| Brian Farley | corporate officer | 2023-07 | ||
| Deborah Kraemer | w-2 managing employee | 2021-02 | ||
| Debra Osteen | corporate officer | 2026-01 | ||
| Michelle Work | w-2 managing employee | 2026-01 | ||
| Stacie Harty | w-2 managing employee | 2021-02 | ||
| 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.