dealflow
envelope $200M

← Targets

Brooke Glen Behavioral Hospital

Fort Washington, Montgomery County, PA · CCN 394049
Licensed to Bhc Northwest Psychiatric Hospital Llc

Composite
53.4
rank score
Distress
35
FY2024
Fit
90
vs thesis
Estimated ticket
$40.1M–$161M
146 beds · within envelope
Ownership
for-profit
PH

Why it ranks here

  • under 30 days cash on hand
  • current ratio below 0.8
  • margin slipping
  • 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
  • ticket size uses the capital envelope well
  • strong occupancy — good iteration surface
  • for-profit — no charitable conversion review

Latest financials · FY2024

Net patient revenue$42.1M
Operating margin 9.1%
Total margin 10.1%
Days cash on hand 0
Current ratio -0.54
Occupancy91%

Facility

Beds146
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $275K
Per-bed (high) $1.1M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 146 $34.3M $3.9M 8.5% 10.9% 0 -0.25 86% 3,136 36
2022 146 $28.2M $-4.5M -19.9% -15.4% 0 -0.67 65% 2,262 80
2023 146 $37.3M $5.2M 4.7% 12.8% 0 -0.59 84% 2,807 36
2024 146 $42.1M $4.3M 9.1% 10.1% 0 -0.54 91% 2,773 35

Owners

OwnerRole%SinceType
Behavioral Healthcare Llc
King Of Prussia, PA
5% or greater indirect ownership interest 100 2010-11
Bhc Holdings Inc
King Of Prussia, PA
5% or greater indirect ownership interest 100 2010-11
Bhc Properties Llc
King Of Prussia, PA
5% or greater direct ownership interest 100 2003-07
Cheryl Ramagano corporate officer 100 2010-11
George Brunner corporate officer 100 2010-11
Katharine Lyver corporate officer 100 2024-01
Matthew Klein corporate officer 100 2010-11
Matthew Peterson corporate officer 100 2019-09
Matthew Peterson operational/managerial control 100 2019-09
Psychiatric Solutions, Inc.
King Of Prussia, PA
5% or greater indirect ownership interest 100 2010-11
Steve Filton corporate officer 100 2010-11
Steve Filton operational/managerial control 100 2010-11
Thomas Day corporate officer 100 2021-07
Uhs Of Delaware Inc
King Of Prussia, PA
operational/managerial control 100 2010-11 chain
Universal Health Services Inc
King Of Prussia, PA
5% or greater indirect ownership interest 100 2010-11
Alan Miller 5% or greater indirect ownership interest 86 2022-03
James Coleman contracted managing employee 50 2010-11
Matthew Peterson corporate director 33 2019-09
Steve Filton corporate director 33 2010-11
Thomas Day corporate director 33 2021-07
Austin Tsang contracted managing employee 2025-05
Austin Tsang corporate officer 2025-05
Jessica Becker contracted managing employee 2025-09
Jessica Becker corporate officer 2025-09

Ownership changes

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