dealflow
envelope $200M

← Targets

Clive Behavorial Health Llc

dba Clive Behavioral Health · Clive, Dallas County, IA · CCN 164007
Licensed to Clive Behavioral Health Llc

Composite
56.9
rank score
Distress
53
FY2024
Fit
78
vs thesis
Estimated ticket
$23.4M–$93.5M
100 beds · within envelope
Ownership
for-profit
PH

Why it ranks here

  • operating margin under 2%
  • total margin under 2%
  • under 30 days cash on hand
  • current ratio below 0.8
  • liabilities exceed assets
  • occupancy 45-60%
  • 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
  • moderate occupancy
  • for-profit — no charitable conversion review

Latest financials · FY2024

Net patient revenue$24.6M
Operating margin 0.9%
Total margin 1.1%
Days cash on hand 0
Current ratio 0.29
Occupancy46%

Facility

Beds100
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $234K
Per-bed (high) $935K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2022 100 $7.2M $-4.4M -61.3% -60.9% 0 0.24 24% 1,208 100
2023 100 $14.6M $-3.0M -20.9% -20.5% 0 0.05 39% 2,189 97
2024 100 $24.6M $278K 0.9% 1.1% 0 0.29 46% 2,264 53

Owners

OwnerRole%SinceType
Steve Filton corporate officer 100 2012-02
Steve Filton operational/managerial control 100 2021-02
Uhs Of Delaware Inc
King Of Prussia, PA
5% or greater indirect ownership interest 100 2018-05 chain
Universal Health Services Inc
King Of Prussia, PA
5% or greater indirect ownership interest 100 2018-05
Uhs Midwest Behavioral Health Llc
King Of Prussia, PA
5% or greater direct ownership interest 52 2018-05
James Coleman contracted managing employee 50 2021-02
Catholic Health Initiatives-Iowa Corp
Des Moines, IA
5% or greater direct ownership interest 48 2018-05
Steve Filton corporate director 33 2021-02
Alan Moore corporate officer 2021-02
Commonspirit Health
Englewood, CO
5% or greater indirect ownership interest 2018-05
Gary Gilberti corporate officer 2021-02
Gina Fusco corporate officer 2021-02
Hijinio Carreon corporate officer 2021-02
Jeremy Pitzer contracted managing employee 2021-11
Jeremy Pitzer corporate officer 2021-11
Linda Goodwin corporate officer 2021-02
Mark Vanderlinden corporate officer 2020-07
Uhs Of Delaware Inc
King Of Prussia, PA
operational/managerial control 2018-05 chain

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.