Palmetto Low Country Bhd
dba Palmetto Low Country Behavioral Health ·
Charleston, Charleston County, SC
· CCN 424006
Licensed to Palmetto Lowcountry Behavioral Health, Llc
Composite
66.8
rank score
Distress
75
FY2023
Fit
78
vs thesis
Estimated ticket
$19.8M–$79.3M
103 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- 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 somewhat below the envelope
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $15.2M |
| Operating margin | -7.1% |
| Total margin | -7.0% |
| Days cash on hand | 0 |
| Current ratio | 0.30 |
| Occupancy | 57% |
Facility
| Beds | 103 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 108 | $14.5M | $1.4M | 6.6% | 9.1% | 0 | 0.46 | 61% | 3,004 | 36 |
| 2021 | 108 | $12.7M | $-519K | -4.4% | -4.1% | 0 | 0.40 | 51% | 2,650 | 66 |
| 2022 | 108 | $13.7M | $-947K | -7.0% | -6.9% | 0 | 0.37 | 52% | 2,639 | 72 |
| 2023 | 103 | $15.2M | $-1.1M | -7.1% | -7.0% | 0 | 0.30 | 57% | 2,645 | 75 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Ramagano | corporate officer | 100 | 2010-11 | |
| Cheryl Ramagano | operational/managerial control | 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 | |
| Palmetto Behavioral Health Holdings, Llc | 5% or greater indirect ownership interest | 100 | 2000-07 | |
| Palmetto Behavioral Health System, Llc | 5% or greater direct ownership interest | 100 | 2000-07 | |
| Premier Behavioral Solutions, Inc. | 5% or greater indirect ownership interest | 100 | 2000-07 | |
| Psychiatric Solutions, Inc. | 5% or greater indirect ownership interest | 100 | 2000-07 | |
| Steve Filton | corporate officer | 100 | 2010-11 | |
| Steve Filton | operational/managerial control | 100 | 2010-11 | |
| Thomas Day | corporate officer | 100 | 2021-07 | |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 100 | 2010-11 | |
| Alan Miller | 5% or greater indirect ownership interest | 85 | 2010-11 | |
| James Coleman | contracted managing employee | 50 | 2010-11 | |
| Uhs Of Delaware Inc | operational/managerial control | 50 | 2010-11 | chain |
| Steve Filton | corporate director | 33 | 2010-11 | |
| Matthew Peterson | corporate director | 33 | 2019-09 | |
| Thomas Day | corporate director | 33 | 2021-07 | |
| Cheryl Ramagano | corporate director | 2010-11 | ||
| Derrick Ouzts | contracted managing employee | 2021-10 | ||
| Derrick Ouzts | corporate officer | 2021-10 | ||
| Patrick Mcdaniel | contracted managing employee | 2023-12 |
Showing 25 of 26. Full list via /api/targets/424006.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.