dealflow
envelope $200M

← Targets

Bryan Psychiatric Hospital

Columbia, SC · CCN 424005
Licensed to South Carolina Dept Of Mental Health Accounting Office

Composite
70.0
rank score
Distress
86
FY2024
Fit
78
vs thesis
Estimated ticket
$72.8M–$291M
378 beds · within envelope
Ownership
government
PH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • margin deteriorating sharply
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • large — ticket likely stretches the envelope
  • ticket size uses the capital envelope well
  • strong occupancy — good iteration surface
  • government-owned — public process likely

Latest financials · FY2024

Net patient revenue$47.6M
Operating margin -124.2%
Total margin -11.2%
Days cash on hand
Current ratio
Occupancy75%

Facility

Beds378
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 350 $-79.5M 89% 585
2022 350 $37.5M $7.3M -105.6% 8.7% 35 88% 320 59
2023 370 $41.6M $1.2M -113.5% 1.3% 5 77% 247 71
2024 378 $47.6M $-10.8M -124.2% -11.2% 75% 247 86

Owners

OwnerRole%SinceType
South Carolina Dept Of Mental Health Accounting Office
Columbia, SC
5% or greater direct ownership interest 100 1978-02
Aria Hajiaghabozorgi corporate officer 2024-09
Fred Jones w-2 managing employee 2024-11
Tracy Turner w-2 managing employee 2024-11

Ownership changes

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