dealflow
envelope $200M

← Targets

Tulsa Center For Behavioral Health

Tulsa, Tulsa County, OK · CCN 374026
Licensed to State Of Oklahoma

Composite
64.5
rank score
Distress
82
FY2024
Fit
69
vs thesis
Estimated ticket
$10.8M–$43.1M
56 beds · within envelope
Ownership
government
PH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • current ratio below 0.8
  • margin deteriorating sharply
  • 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
  • government-owned — public process likely

Latest financials · FY2024

Net patient revenue$2.0M
Operating margin -809.5%
Total margin -121.0%
Days cash on hand 0
Current ratio -0.49
Occupancy78%

Facility

Beds56
Facility typePH
Settingurban
Ownership classgovernment
Per-bed (low) $192K
Per-bed (high) $770K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 56 $989K $2.1M -1,062.2% 15.4% 34 2.23 67% 713 44
2022 56 $1.8M $641K -612.2% 4.7% 0 -0.58 75% 1,526 63
2023 56 $2.0M $-7.6M -680.0% -91.3% 0 0.33 84% 1,478 91
2024 56 $2.0M $-9.9M -809.5% -121.0% 0 -0.49 78% 1,371 82

Owners

OwnerRole%SinceType
State Of Oklahoma
Tulsa, OK
5% or greater direct ownership interest 100 2002-09
Jeffrey Grantham 5% or greater indirect ownership interest 5 2025-04
Jeffrey Grantham contracted managing employee 2025-04

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.