Glenwood Behavioral Health Hospital
Cincinnati, Hamilton County, OH
· CCN 364065
Licensed to Mt. Airy Development, Llc
Composite
66.1
rank score
Distress
72
FY2023
Fit
80
vs thesis
Estimated ticket
$13.5M–$53.9M
70 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
- liabilities exceed assets
- occupancy 45-60%
- 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
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $13.1M |
| Operating margin | -23.3% |
| Total margin | -23.3% |
| Days cash on hand | 0 |
| Current ratio | 1.51 |
| Occupancy | 57% |
Facility
| Beds | 70 |
| 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 | 55 | $1.8M | $-5.7M | -324.3% | -324.2% | 0 | 0.63 | 34% | 494 | 97 |
| 2022 | 70 | $6.1M | $-6.0M | -98.7% | -98.7% | 0 | 0.38 | 26% | 1,219 | 100 |
| 2023 | 70 | $13.1M | $-3.0M | -23.3% | -23.3% | 0 | 1.51 | 57% | 2,188 | 72 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Acadia Healthcare Company Inc | 5% or greater direct ownership interest | 100 | 2018-09 | chain |
| Brian Farley | corporate officer | 2023-07 | ||
| Colleen Thomas-Philip | w-2 managing employee | 2023-11 | ||
| David Duckworth | corporate officer | 2026-05 | ||
| Deborah Kraemer | w-2 managing employee | 2012-06 | ||
| Debra Osteen | corporate officer | 2026-01 | ||
| Stacie Harty | w-2 managing employee | 2018-06 | ||
| Timothy Sides | w-2 managing employee | 2023-06 |
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 |