dealflow
envelope $200M

← Targets

East End Behavioral Health Hospital

Pittsburgh, Allegheny County, PA · CCN 394054

Composite
66.5
rank score
Distress
77
FY2023
Fit
80
vs thesis
Estimated ticket
$9.4M–$37.7M
49 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
  • debt above 85% of assets
  • margin deteriorating sharply
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • small but workable bed count
  • small ticket — deploys little of the available capital
  • strong occupancy — good iteration surface
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$10.3M
Operating margin -36.1%
Total margin -29.3%
Days cash on hand 0
Current ratio 4.06
Occupancy69%

Facility

Beds49
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
2021 49 $11.5M $-2.2M -27.5% -17.9% 0 5.48 78% 930 67
2022 49 $11.0M $-2.8M -31.3% -24.4% 0 3.07 73% 807 67
2023 49 $10.3M $-3.2M -36.1% -29.3% 0 4.06 69% 599 77

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.