Northern Nevada Adult Mental Health
dba Northern Nevada Adult Mental Health Services ·
Sparks, Washoe County, NV
· CCN 294000
Licensed to State Of Nevada
Composite
59.8
rank score
Distress
77
FY2024
Fit
63
vs thesis
Estimated ticket
$13.5M–$53.9M
70 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- occupancy below 30%
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $1.3M |
| Operating margin | -1,521.9% |
| Total margin | -1.3% |
| Days cash on hand | 7 |
| Current ratio | — |
| Occupancy | 22% |
Facility
| Beds | 70 |
| Facility type | PH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 70 | $2.0M | $-489K | -1,091.1% | -2.2% | 8 | — | 26% | 118 | 88 |
| 2022 | 70 | $1.3M | $-272K | -1,521.9% | -1.3% | 7 | — | 19% | 70 | 88 |
| 2023 | 70 | $3.2M | $-511K | -564.9% | -2.4% | 7 | — | 21% | 83 | 88 |
| 2024 | 70 | $1.3M | $-272K | -1,521.9% | -1.3% | 7 | — | 22% | 81 | 77 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Christopher Walsh | w-2 managing employee | 2023-07 | ||
| State Of Nevada | other | 2013-05 |
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 NV
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 |
|---|---|---|---|---|
| 2024-08-01 | Spring Valley Medical Center | Uhs Of Spring Mountain Inc | Spring Mountain Treatment Center | 110 |
| 2024-08-01 | Spring Valley Medical Center | Uhs Sahara, Inc | Spring Mountain Sahara | 30 |
| 2024-08-01 | Thrive Behavioral Hospital Llc | Desert Winds Hospital Llc | Desert Winds Hospital | 114 |