dealflow
envelope $200M

← Targets

Rebound Behavioral Health

dba Rebound Behavioral Health · Lancaster, Lancaster County, SC · CCN 424014
Licensed to Rebound Behavioral Health Llc

Composite
58.8
rank score
Distress
64
FY2023
Fit
75
vs thesis
Estimated ticket
$14.7M–$58.9M
63 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
  • liabilities exceed assets
  • margin slipping
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • bed count in the target band
  • 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$14.0M
Operating margin -7.2%
Total margin -7.1%
Days cash on hand 0
Current ratio 1.91
Occupancy81%

Facility

Beds63
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $234K
Per-bed (high) $935K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 63 $11.3M $-612K -5.6% -5.3% 0 0.95 65% 1,759 77
2021 63 $11.7M $-1.0M -8.8% -8.8% 0 1.34 73% 2,275 76
2022 63 $11.3M $-2.2M -20.0% -19.9% 0 2.04 70% 2,175 78
2023 63 $14.0M $-988K -7.2% -7.1% 0 1.91 81% 2,487 64

Owners

OwnerRole%SinceType
Acadia Healthcare Company Inc
Franklin, TN
5% or greater direct ownership interest 100 2011-07
Brian Farley corporate officer 2023-07
Christopher Hunter corporate officer 2022-04
Deborah Kraemer w-2 managing employee 2012-06
Jason Silva w-2 managing employee 2025-04
Stacie Harty w-2 managing employee 2018-06
Timothy Sides w-2 managing employee 2023-06
Todd Young corporate officer 2025-10

Ownership changes

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