dealflow
envelope $200M

← Targets

Georgetown Behavioral Hospital

Georgetown, Brown County, OH · CCN 364063

Composite
68.8
rank score
Distress
100
FY2024
Fit
60
vs thesis
Estimated ticket
$4.6M–$18.5M
24 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 below 30%
  • 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
  • very low occupancy — limited volume to learn from
  • for-profit — no charitable conversion review

Latest financials · FY2024

Net patient revenue$1.8M
Operating margin -132.9%
Total margin -132.7%
Days cash on hand 0
Current ratio 0.13
Occupancy24%

Facility

Beds24
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
2021 24 $2.5M $-1.3M -54.1% -51.3% 2 0.28 81% 160 91
2022 24 $3.8M $-1.2M -30.5% -30.4% 16 0.67 53% 268 93
2023 24 $2.0M $-2.7M -131.3% -131.1% 0 0.27 36% 301 97
2024 24 $1.8M $-2.4M -132.9% -132.7% 0 0.13 24% 249 100

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 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