Kingswood Hospital
dba Henry Ford Health Behavioral Health Hospital ·
Ferndale, Oakland County, MI
· CCN 234011
Licensed to Hfhs-Acadia Joint Venture Llc
Already transacted. CMS recorded an ownership change effective
2025-02-23. Confirm the current owner before spending a call on this.
Composite
19.0
rank score
Distress
51
FY2023
Fit
74
vs thesis
Estimated ticket
$51.7M–$207M
221 beds ·
within envelope
Ownership
nonprofit
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- occupancy 30-45%
- margin deteriorating
- 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 uses the capital envelope well
- thin occupancy
- nonprofit — expect AG conversion review
- changed ownership 2025-02-23 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $23.5M |
| Operating margin | -42.0% |
| Total margin | -41.4% |
| Days cash on hand | 2,127 |
| Current ratio | 1.56 |
| Occupancy | 33% |
Facility
| Beds | 221 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 136 | $21.0M | $-8.4M | -40.7% | -39.4% | 4,249 | 1.45 | 41% | 2,476 | 53 |
| 2021 | 136 | $14.0M | $-19.7M | -140.5% | -140.2% | 2,836 | 1.17 | 44% | 2,479 | 53 |
| 2022 | 136 | — | $-26.2M | — | — | — | — | 39% | 1,887 | — |
| 2023 | 221 | $23.5M | $-9.8M | -42.0% | -41.4% | 2,127 | 1.56 | 33% | 2,539 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Acadia Detroit Jv Holdings Llc | 5% or greater direct ownership interest | 83 | 2025-02 | |
| Acadia Detroit Jv Holdings Llc | general partnership interest | 83 | 2025-02 | |
| Acadia Healthcare Company Inc | 5% or greater indirect ownership interest | 83 | 2025-02 | chain |
| Acadia Jv Holdings Llc | 5% or greater indirect ownership interest | 83 | 2025-02 | |
| Henry Ford Health System | 5% or greater direct ownership interest | 17 | 2025-02 | |
| Henry Ford Health System | general partnership interest | 17 | 2025-02 | |
| Brian Farley | corporate officer | 2023-07 | ||
| Christopher Hunter | corporate officer | 2022-04 | ||
| Deborah Kraemer | w-2 managing employee | 2020-11 | ||
| Emily Sexton | w-2 managing employee | 2024-03 | ||
| Stacie Harty | w-2 managing employee | 2020-11 | ||
| Timothy Sides | w-2 managing employee | 2023-06 | ||
| Todd Young | corporate officer | 2025-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2025-02-23 | change of ownership | Hfhs-Acadia Joint Venture Llc | Henry Ford Health System |
Who has been buying in MI
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 |
|---|---|---|---|---|
| 2025-02-23 | Hfhs-Acadia Joint Venture Llc | Henry Ford Health System | Kingswood Hospital | 221 |