dealflow
envelope $200M

← Targets

Signature Psych Hospital

North Kansas City, Clay County, MO · CCN 264030

Composite
62.2
rank score
Distress
61
FY2023
Fit
87
vs thesis
Estimated ticket
$21.5M–$86.0M
92 beds · within envelope
Ownership
for-profit
PH

Why it ranks here

  • operating margin negative
  • total margin negative
  • under 30 days cash on hand
  • current ratio under 1.5
  • debt above 85% of assets
  • 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
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$28.5M
Operating margin -1.5%
Total margin -1.5%
Days cash on hand 0
Current ratio 1.14
Occupancy72%

Facility

Beds92
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $234K
Per-bed (high) $935K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 76 $24.3M $3.7M 10.4% 14.4% 0 0.93 87% 2,551 31
2021 76 $27.5M $4.3M 12.1% 15.0% 0 1.05 87% 2,538 26
2022 92 $30.1M $2.9M 8.9% 9.7% 0 1.14 80% 2,610 33
2023 92 $28.5M $-434K -1.5% -1.5% 0 1.14 72% 3,118 61

Owners

No ownership records — CMS has no owner filings mapped to this CCN.

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.