Miravista Behavioral Health Center
Holyoke, Hampden County, MA
· CCN 224046
Licensed to Holyoke Capital Jv, Llc
Composite
59.9
rank score
Distress
69
FY2023
Fit
72
vs thesis
Estimated ticket
$26.6M–$107M
114 beds ·
within envelope
Ownership
nonprofit
PH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- occupancy 45-60%
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $29.2M |
| Operating margin | -13.9% |
| Total margin | 1.0% |
| Days cash on hand | 8 |
| Current ratio | 0.75 |
| Occupancy | 47% |
Facility
| Beds | 114 |
| Facility type | PH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 114 | $6.7M | $-6.6M | -164.9% | -59.2% | 12 | 0.50 | 25% | 939 | 93 |
| 2022 | 114 | $19.7M | $-17.5M | -89.9% | -87.9% | 2 | 0.43 | 52% | 2,854 | 93 |
| 2023 | 114 | $29.2M | $321K | -13.9% | 1.0% | 8 | 0.75 | 47% | 2,093 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Steven Goodman | contracted managing employee | 100 | 2021-02 | |
| Michael Krupa | 5% or greater indirect ownership interest | 10 | 2021-02 | |
| William Deshler | other | 3 | 2021-02 | |
| Richard Anton | other | 2 | 2021-02 | |
| Debra Harris | w-2 managing employee | 2024-09 | ||
| Debra Harris | operational/managerial control | 2024-09 | ||
| Francis Sauvageau | corporate officer | 2023-02 | ||
| Joseph Doolin | corporate officer | 2023-03 | ||
| Tpg Holdings Llc | 5% or greater direct ownership interest | 2022-01 |
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 MA
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 |
|---|---|---|---|---|
| 2019-02-15 | Wp Acquisition Sub Llc | Hvl Corporation | Haverhill Pavilion | 71 |