Lighthouse Care Center Of Conway
dba Lighthouse Behavioral Health Hospital ·
Conway, Horry County, SC
· CCN 424002
Licensed to Hhc South Carolina Inc
Composite
55.3
rank score
Distress
51
FY2023
Fit
81
vs thesis
Estimated ticket
$24.5M–$98.2M
105 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin under 2%
- total margin under 2%
- 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
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $15.4M |
| Operating margin | 0.1% |
| Total margin | 0.3% |
| Days cash on hand | 0 |
| Current ratio | -0.07 |
| Occupancy | 63% |
Facility
| Beds | 105 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 105 | $17.2M | $4.2M | 20.2% | 23.5% | 0 | 0.05 | 71% | 3,499 | 36 |
| 2021 | 105 | $16.4M | $1.7M | 10.1% | 10.4% | 0 | -0.04 | 69% | 3,603 | 36 |
| 2022 | 105 | $14.3M | $-1.0M | -7.2% | -7.1% | 0 | -0.06 | 59% | 2,993 | 72 |
| 2023 | 105 | $15.4M | $38.8K | 0.1% | 0.3% | 0 | -0.07 | 63% | 2,927 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Ramagano | corporate officer | 100 | 2010-11 | |
| George Brunner | corporate officer | 100 | 2010-11 | |
| Horizon Health Corporation | 5% or greater indirect ownership interest | 100 | 2007-12 | |
| Horizon Health Hospital Services Llc | 5% or greater direct ownership interest | 100 | 2007-12 | |
| 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. | 5% or greater indirect ownership interest | 100 | 2007-12 | |
| 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 | operational/managerial control | 100 | 2010-11 | |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 100 | 2010-11 | |
| Alan Miller | 5% or greater indirect ownership interest | 87 | 2024-03 | |
| 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 | |
| James Wydock | contracted managing employee | 2018-05 | ||
| James Wydock | corporate officer | 2018-05 | ||
| Julie Barraza | contracted managing employee | 2022-08 | ||
| Julie Barraza | corporate officer | 2022-08 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.