dealflow
envelope $200M

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Haven Behavioral Svcs Dayton

dba Haven Behavioral Hospital Of Dayton · Dayton, Montgomery County, OH · CCN 364048
Licensed to Haven Behavioral Services Of Dayton, Llc

Composite
64.6
rank score
Distress
64
FY2023
Fit
82
vs thesis
Estimated ticket
$13.8M–$55.2M
59 beds · within envelope
Ownership
for-profit
PE

Why it ranks here

  • operating margin below -10%
  • under 30 days cash on hand
  • current ratio under 1.5
  • liabilities exceed assets
  • margin deteriorating
  • recently acquired by private equity
  • 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
  • small ticket — deploys little of the available capital
  • strong occupancy — good iteration surface
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$10.6M
Operating margin -22.8%
Total margin 5.9%
Days cash on hand 0
Current ratio 1.12
Occupancy67%

Facility

Beds59
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $234K
Per-bed (high) $935K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 59 $12.1M $1.1M 9.1% 9.0% 0.74 68% 1,974 31
2021 59 $10.7M $1.4M -9.9% 10.7% 1.46 64% 1,798 47
2022 59 $12.2M $1.3M -3.0% 9.0% 1.44 69% 2,006 39
2023 59 $10.6M $811K -22.8% 5.9% 0 1.12 67% 1,862 64

Owners

OwnerRole%SinceType
Haven Behavioral Healthcare Inc
Plano, TX
5% or greater indirect ownership interest 100 2011-10
Haven Behavioral Services Holdings Llc
Plano, TX
5% or greater indirect ownership interest 100 2011-10
Haven Behavioral Services Llc
Plano, TX
5% or greater direct ownership interest 100 2011-10
Oceans Acquisition Inc
Plano, TX
5% or greater indirect ownership interest 100 2025-01 chain
Oceans Buyer, Inc.
Waltham, MA
5% or greater indirect ownership interest 100 2025-01
Oceans Midco, Inc.
Waltham, MA
5% or greater indirect ownership interest 100 2025-01
Oceans Topco, Inc.
Waltham, MA
5% or greater indirect ownership interest 100 2025-01
Oceans Ultimate Holdco, Lp
Waltham, MA
5% or greater indirect ownership interest 100 2025-01
Webster Equity Partners V, Lp
West Palm Beach, FL
5% or greater indirect ownership interest 50 2025-01 PE
Webster Oceans Co-Investment Fund, Lp
Waltham, MA
5% or greater indirect ownership interest 33 2025-01
Wasque Partners Ii Spe, Lp
West Palm Beach, FL
5% or greater indirect ownership interest 9 2025-01
Oceans Ultimate Holdco Gp, Llc
Waltham, MA
5% or greater indirect ownership interest 1 2025-01
Jonathan Duckett w-2 managing employee 2025-01
Laura Tarantino corporate officer 2025-01
Stuart Archer corporate officer 2025-01

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 OH

Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.

DateBuyerSellerHospitalBeds
2024-06-20 50 St Lawrence Opco Llc Voa Rehabilitation Centers Inc Sojourn At Seneca 24