dealflow
envelope $200M

← Targets

Sana Behavioral Health Las Vegas

Las Vegas, Clark County, NV · CCN 294014

Composite
69.1
rank score
Distress
94
FY2023
Fit
67
vs thesis
Estimated ticket
$3.7M–$14.6M
19 beds · within envelope
Ownership
for-profit
PH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • current ratio below 0.8
  • liabilities exceed assets
  • occupancy 45-60%
  • margin deteriorating sharply
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • very small facility
  • very small ticket — sub-scale as a platform asset
  • moderate occupancy
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$1.9M
Operating margin -13.9%
Total margin -13.8%
Days cash on hand 15
Current ratio 0.13
Occupancy54%

Facility

Beds19
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $192K
Per-bed (high) $770K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 19 $3.8M $668K 4.3% 15.4% 9 0.89 59% 384 44
2021 19 $4.1M $117K 2.4% 2.8% 4 0.71 69% 429 47
2022 19 $3.4M $-503K -14.7% -14.6% 4 0.14 63% 533 91
2023 19 $1.9M $-264K -13.9% -13.8% 15 0.13 54% 292 94

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.

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.

DateBuyerSellerHospitalBeds
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