dealflow
envelope $200M

← Targets

Haverhill Pavilion

dba Haverhill Pavilion Behavioral Health · Haverhill, Archer County, MA · CCN 224039
Licensed to Wp Acquisition Sub Llc

Composite
42.1
rank score
Distress
20
FY2023
Fit
78
vs thesis
Estimated ticket
$19.5M–$78.1M
71 beds · within envelope
Ownership
for-profit
PH

Why it ranks here

  • under 30 days cash on hand
  • 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
  • strong occupancy — good iteration surface
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$24.6M
Operating margin 7.2%
Total margin 11.9%
Days cash on hand 0
Current ratio 2.01
Occupancy94%

Facility

Beds71
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $275K
Per-bed (high) $1.1M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 71 $20.2M $307K 1.2% 1.5% 0 1.19 83% 1,688 47
2021 71 $21.4M $939K 1.6% 4.3% 0 1.01 88% 2,025 43
2022 71 $22.1M $1.9M 2.1% 8.2% 0 1.98 89% 1,431 27
2023 71 $24.6M $3.1M 7.2% 11.9% 0 2.01 94% 1,354 20

Owners

OwnerRole%SinceType
Acadia Healthcare Company Inc
Franklin, TN
5% or greater direct ownership interest 100 2018-12 chain
Brian Farley corporate officer 2023-07
Deborah Kraemer w-2 managing employee 2012-06
Debra Osteen corporate officer 2026-01
Jeffrey Lenar w-2 managing employee 2020-07
Stacie Harty w-2 managing employee 2018-06
Timothy Sides w-2 managing employee 2023-06
Todd Young corporate officer 2025-10

Ownership changes

DateTypeBuyerSeller
2019-02-15 change of ownership Wp Acquisition Sub Llc Hvl Corporation

Who has been buying in MA

Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.

DateBuyerSellerHospitalBeds
2019-02-15 Wp Acquisition Sub Llc Hvl Corporation Haverhill Pavilion 71