Oceans Behavioral Hospital Biloxi
dba Oceans Behavioral Hospital Of Biloxi ·
Biloxi, MS
· CCN 254012
Licensed to Oceans Behavioral Hospital Of Biloxi Llc
Composite
36.6
rank score
Distress
12
FY2023
Fit
75
vs thesis
Estimated ticket
$12.4M–$49.5M
45 beds ·
within envelope
Ownership
for-profit
PE 1y
Why it ranks here
- margin deteriorating sharply
- recently acquired by private equity
- 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 | $17.2M |
| Operating margin | 26.2% |
| Total margin | 26.2% |
| Days cash on hand | — |
| Current ratio | 6.92 |
| Occupancy | 86% |
Facility
| Beds | 45 |
| 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 | 45 | $13.7M | $5.3M | 32.9% | 36.7% | — | 3.87 | 74% | 1,382 | 0 |
| 2021 | 45 | $13.4M | $3.7M | 27.0% | 27.7% | 1 | 8.78 | 72% | 1,362 | 22 |
| 2022 | 45 | $13.6M | $2.6M | 18.8% | 18.8% | — | 6.98 | 74% | 1,342 | 0 |
| 2023 | 45 | $17.2M | $4.5M | 26.2% | 26.2% | — | 6.92 | 86% | 1,391 | 12 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Oceans Acquisitions Inc | 5% or greater direct ownership interest | 100 | 2019-01 | |
| Oceans Buyer, Inc. | 5% or greater indirect ownership interest | 100 | 2022-02 | |
| Oceans Midco, Inc. | 5% or greater indirect ownership interest | 100 | 2022-02 | |
| Oceans Topco, Inc. | 5% or greater indirect ownership interest | 100 | 2022-02 | |
| Oceans Ultimate Holdco, Lp | 5% or greater indirect ownership interest | 100 | 2022-02 | |
| Webster Equity Partners V, Lp | 5% or greater indirect ownership interest | 51 | 2022-02 | PE |
| Webster Oceans Co-Investment Fund, Lp | 5% or greater indirect ownership interest | 33 | 2022-02 | |
| Wasque Partners Ii Spe, Lp | 5% or greater indirect ownership interest | 10 | 2022-02 | |
| Oceans Ultimate Holdco Gp, Llc | 5% or greater indirect ownership interest | 1 | 2022-02 | |
| Laura Tarantino | corporate officer | 2019-01 | ||
| Oceans Acquisitions Inc | operational/managerial control | 2019-01 | ||
| Stuart Archer | corporate officer | 2019-01 | ||
| Stuart Archer | corporate director | 2019-01 | ||
| Stuart Archer | operational/managerial control | 2019-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.