Desert Parkway Behavioral Healthcare
Las Vegas, Clark County, NV
· CCN 294013
Licensed to Desert Parkway Behavioral Healthcare Hospital Llc
Composite
62.5
rank score
Distress
58
FY2023
Fit
91
vs thesis
Estimated ticket
$35.5M–$142M
152 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin negative
- total margin under 2%
- under 30 days cash on hand
- current liabilities exceed current assets
- liabilities exceed assets
- margin slipping
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $33.8M |
| Operating margin | -1.5% |
| Total margin | 0.3% |
| Days cash on hand | 0 |
| Current ratio | 0.82 |
| Occupancy | 69% |
Facility
| Beds | 152 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 152 | $28.8M | $233K | -3.5% | 0.8% | 5 | 0.67 | 66% | 6,177 | 66 |
| 2021 | 152 | $30.5M | $56.1K | 0.1% | 0.2% | 7 | 0.70 | 66% | 6,177 | 57 |
| 2022 | 152 | $30.9M | $72.5K | 0.1% | 0.2% | 0 | 0.72 | 67% | 6,305 | 57 |
| 2023 | 152 | $33.8M | $101K | -1.5% | 0.3% | 0 | 0.82 | 69% | 6,171 | 58 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jordan Peterson | corporate officer | 100 | 2024-04 | |
| Jordan Peterson | operational/managerial control | 100 | 2024-04 | |
| Qcf Behavioral Hospitals I, Llc | 5% or greater direct ownership interest | 100 | 2024-08 | |
| Qcf Behavioral Hospitals I, Llc | operational/managerial control | 100 | 2024-08 | |
| Qcf/i, Inc. | 5% or greater indirect ownership interest | 100 | 2024-08 | |
| Randy Caldwell | corporate officer | 50 | 2023-08 | |
| Randy Caldwell | w-2 managing employee | 50 | 2023-08 | |
| Randy Caldwell | operational/managerial control | 50 | 2023-08 | |
| Jordan Peterson | contracted managing employee | 2024-04 |
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 |