Desert Winds Hospital
dba Thrive Behavioral Hospital ·
Las Vegas, NV
· CCN 294016
Licensed to Thrive Behavioral Hospital Llc
Already transacted. CMS recorded an ownership change effective
2024-08-01. Confirm the current owner before spending a call on this.
Composite
25.7
rank score
Distress
97
FY2023
Fit
75
vs thesis
Estimated ticket
$21.9M–$87.8M
114 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
- debt above 85% of assets
- occupancy below 30%
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
- changed ownership 2024-08-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $16.6M |
| Operating margin | -25.4% |
| Total margin | -21.2% |
| Days cash on hand | 7 |
| Current ratio | 0.44 |
| Occupancy | 11% |
Facility
| Beds | 114 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | — | — | — | — | — | — | — | — | — | — |
| 2022 | — | — | — | — | — | — | — | — | — | — |
| 2023 | 114 | $16.6M | $-3.6M | -25.4% | -21.2% | 7 | 0.44 | 11% | 584 | 97 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Elliot Cohen | 5% or greater direct ownership interest | 17 | 2024-08 | |
| Elliot Cohen | general partnership interest | 17 | 2024-08 | |
| Meir Meystel | 5% or greater direct ownership interest | 17 | 2024-08 | |
| Meir Meystel | general partnership interest | 17 | 2024-08 | |
| Michael Cohen | 5% or greater direct ownership interest | 17 | 2024-08 | |
| Michael Cohen | general partnership interest | 17 | 2024-08 | |
| Nissim Bejar | 5% or greater direct ownership interest | 17 | 2024-08 | |
| Nissim Bejar | general partnership interest | 17 | 2024-08 | |
| Nissim Bejar | operational/managerial control | 17 | 2024-08 | |
| David Berkowitz | 5% or greater direct ownership interest | 17 | 2024-08 | |
| David Berkowitz | general partnership interest | 17 | 2024-08 | |
| Yosef Meystel | 5% or greater direct ownership interest | 17 | 2024-08 | |
| Yosef Meystel | general partnership interest | 17 | 2024-08 | |
| Michelle Mirato | corporate director | 2024-08 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-08-01 | change of ownership | Thrive Behavioral Hospital Llc | Desert Winds Hospital Llc |
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 |