Physicians Behavioral Hospital Of Sh
dba Physicians Behavioral Hospital ·
Shreveport, Caddo Parish County, LA
· CCN 194094
Licensed to Physicians Behavioral Hospital, Llc
Composite
36.8
rank score
Distress
15
FY2023
Fit
75
vs thesis
Estimated ticket
$11.6M–$46.2M
42 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- 30-60 days cash on hand
- 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 | $10.0M |
| Operating margin | 3.6% |
| Total margin | 15.2% |
| Days cash on hand | 43 |
| Current ratio | 2.21 |
| Occupancy | 86% |
Facility
| Beds | 42 |
| 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 | 24 | $6.3M | $65.8K | -5.0% | 1.0% | 58 | 1.60 | 81% | 531 | 53 |
| 2021 | 42 | $6.7M | $978K | 4.2% | 13.3% | 37 | 1.33 | 45% | 617 | 30 |
| 2022 | 42 | $7.2M | $222K | 2.2% | 3.1% | 42 | 1.32 | 59% | 846 | 30 |
| 2023 | 42 | $10.0M | $1.7M | 3.6% | 15.2% | 43 | 2.21 | 86% | 1,419 | 15 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Riveridge Healthcare, Llc | 5% or greater direct ownership interest | 2008-06 | ||
| Riveridge Management Company, Llc | operational/managerial control | 2008-04 | ||
| William Logan | 5% or greater indirect ownership interest | 2007-05 | ||
| William Logan | corporate director | 2007-05 | ||
| William Logan | w-2 managing employee | 2007-05 |
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 LA
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 |
|---|---|---|---|---|
| 2020-05-22 | Tdpk, Llc | Cypress Grove Behavioral Health Llc | Cypress Grove Behavioral Health | 60 |
| 2016-11-10 | Ness Healthcare Nfp | Mbh Of Louisiana, Llc | Northlake Behavioral Health System | 140 |