Brook Lane Psychiatric Center
Hagerstown, MD
· CCN 214003
Licensed to Brook Lane Health Services Inc
Composite
51.5
rank score
Distress
45
FY2024
Fit
78
vs thesis
Estimated ticket
$17.9M–$71.5M
65 beds ·
within envelope
Ownership
nonprofit
PH
Why it ranks here
- operating margin -10% to -5%
- 30-60 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $25.0M |
| Operating margin | -6.4% |
| Total margin | 2.7% |
| Days cash on hand | 34 |
| Current ratio | 2.62 |
| Occupancy | 70% |
Facility
| Beds | 65 |
| Facility type | PH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 65 | $22.6M | $3.3M | 2.9% | 13.1% | 126 | 2.98 | 69% | 1,666 | 4 |
| 2022 | 65 | $21.7M | $-2.4M | -13.6% | -10.6% | 60 | 2.33 | 65% | 1,490 | 54 |
| 2023 | 65 | $26.6M | $2.0M | 0.4% | 6.9% | 45 | 3.59 | 75% | 1,724 | 23 |
| 2024 | 65 | $25.0M | $745K | -6.4% | 2.7% | 34 | 2.62 | 70% | 1,596 | 45 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sharon Gladfelter | w-2 managing employee | 10 | 1967-01 | |
| Brenda Thiam | operational/managerial control | 2024-01 | ||
| Christopher Stockslager | operational/managerial control | 2024-01 | ||
| Eric Barger | operational/managerial control | 2024-01 | ||
| Heather Hinkle | operational/managerial control | 2024-01 | ||
| Jacob Ashby | operational/managerial control | 2024-01 | ||
| Joshua Miller | operational/managerial control | 2024-01 | ||
| Joshua Repac | corporate director | 2025-08 | ||
| Joyce Burkholder | operational/managerial control | 2024-01 | ||
| Lauren Bayer | operational/managerial control | 2024-01 | ||
| Lauren Huguenin | operational/managerial control | 2024-01 | ||
| Lisa Smith | operational/managerial control | 2024-01 | ||
| Melissa Hargreaves | operational/managerial control | 2024-01 | ||
| Twyla Rowe | operational/managerial control | 2024-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.