Sun Behavioral Columbus
Columbus, Brown County, OH
· CCN 364058
Licensed to Sun Behavioral Columbus, Llc
Composite
69.8
rank score
Distress
79
FY2023
Fit
86
vs thesis
Estimated ticket
$24.3M–$97.0M
126 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin below -10%
- 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
- bed count in the target band
- ticket size somewhat below the envelope
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $22.1M |
| Operating margin | -32.0% |
| Total margin | 3.1% |
| Days cash on hand | 0 |
| Current ratio | 0.68 |
| Occupancy | 57% |
Facility
| Beds | 126 |
| 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 | 108 | $27.1M | $3.8M | 13.6% | 14.1% | 93 | 0.44 | 66% | 4,672 | 29 |
| 2021 | 126 | $24.1M | $6.8M | -8.9% | 20.7% | 72 | 0.69 | 62% | 4,843 | 57 |
| 2022 | 126 | $20.6M | $-1.0M | -34.6% | -3.8% | 14 | 0.65 | 53% | 4,375 | 89 |
| 2023 | 126 | $22.1M | $923K | -32.0% | 3.1% | 0 | 0.68 | 57% | 4,819 | 79 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Chris Bockelman | corporate officer | 100 | 2024-10 | |
| Chris Bockelman | corporate director | 100 | 2024-10 | |
| Sun Behavioral Health Inc | 5% or greater direct ownership interest | 100 | 2015-01 | |
| Kent Hess | corporate officer | 2023-07 | ||
| Kent Hess | w-2 managing employee | 2024-02 | ||
| Steve Page | corporate officer | 2017-04 |
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 OH
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 |
|---|---|---|---|---|
| 2024-06-20 | 50 St Lawrence Opco Llc | Voa Rehabilitation Centers Inc | Sojourn At Seneca | 24 |