Spring Mountain Treatment Center
dba Uhs Of Deleware ·
Las Vegas, NV
· CCN 294011
Licensed to Spring Valley Medical Center
Already transacted. CMS recorded an ownership change effective
2024-08-01. Confirm the current owner before spending a call on this.
Composite
24.3
rank score
Distress
73
FY2023
Fit
87
vs thesis
Estimated ticket
$21.2M–$84.7M
110 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating sharply
- 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 somewhat below the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
- changed ownership 2024-08-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $19.7M |
| Operating margin | -5.5% |
| Total margin | -5.4% |
| Days cash on hand | 0 |
| Current ratio | -0.24 |
| Occupancy | 66% |
Facility
| Beds | 110 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 110 | $18.4M | $1.9M | 6.8% | 9.9% | 0 | -0.07 | 63% | 4,040 | 36 |
| 2021 | 110 | $17.6M | $-692K | -4.2% | -3.9% | 0 | -0.14 | 63% | 4,152 | 63 |
| 2022 | 110 | $16.8M | $158K | 0.8% | 0.9% | 0 | -0.18 | 59% | 3,748 | 48 |
| 2023 | 110 | $19.7M | $-1.1M | -5.5% | -5.4% | 0 | -0.24 | 66% | 4,293 | 73 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Ramagano | corporate officer | 100 | 1998-01 | |
| Edward Sim | corporate officer | 100 | 1998-01 | |
| George Brunner | corporate officer | 100 | 1998-01 | |
| Katharine Lyver | corporate officer | 100 | 2024-01 | |
| Matthew Klein | corporate officer | 100 | 1998-01 | |
| Steve Filton | corporate officer | 100 | 1998-01 | |
| Uhs Holding Company, Inc. | 5% or greater indirect ownership interest | 100 | 1998-01 | |
| Uhs Of Delaware Inc | operational/managerial control | 100 | 2000-06 | chain |
| Valley Health System, Llc | 5% or greater direct ownership interest | 100 | 1998-01 | |
| Valley Hospital Medical Center Inc | 5% or greater indirect ownership interest | 100 | 1998-01 | |
| Alan Miller | 5% or greater indirect ownership interest | 87 | 1998-01 | |
| James Coleman | contracted managing employee | 50 | 1998-01 | |
| James Coleman | corporate officer | 50 | 1988-01 | |
| Edward Sim | corporate director | 33 | 1998-01 | |
| Matthew Klein | corporate director | 33 | 1998-01 | |
| Steve Filton | corporate director | 33 | 1998-01 | |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 1998-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-08-01 | change of ownership | Spring Valley Medical Center | Uhs Of Spring Mountain Inc |
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 |