Lakeside Hospital
dba Lakeside Behavioral Health System ·
Memphis, TN
· CCN 444004
Licensed to Uhs Of Lakeside Llc
Composite
58.0
rank score
Distress
42
FY2023
Fit
93
vs thesis
Estimated ticket
$86.6M–$346M
315 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- 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
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $65.5M |
| Operating margin | 12.6% |
| Total margin | 14.6% |
| Days cash on hand | 0 |
| Current ratio | -0.04 |
| Occupancy | 68% |
Facility
| Beds | 315 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $275K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 315 | $67.9M | $14.8M | 18.0% | 21.0% | 0 | -0.01 | 75% | 8,030 | 36 |
| 2021 | 315 | $64.8M | $9.2M | 13.0% | 14.0% | 0 | -0.02 | 70% | 7,470 | 36 |
| 2022 | 315 | $65.4M | $12.3M | 11.9% | 17.6% | 0 | -0.04 | 70% | 7,375 | 36 |
| 2023 | 315 | $65.5M | $9.8M | 12.6% | 14.6% | 0 | -0.04 | 68% | 7,081 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Ramagano | corporate officer | 100 | 2010-07 | |
| George Brunner | corporate officer | 100 | 2010-07 | |
| Katharine Lyver | corporate officer | 100 | 2024-01 | |
| Matthew Klein | corporate officer | 100 | 2010-10 | |
| Matthew Peterson | corporate officer | 100 | 2019-09 | |
| Matthew Peterson | operational/managerial control | 100 | 2019-09 | |
| Steve Filton | corporate officer | 100 | 2010-07 | |
| Steve Filton | operational/managerial control | 100 | 2010-07 | |
| Thomas Day | corporate officer | 100 | 2021-07 | |
| Uhs Of Delaware Inc | operational/managerial control | 100 | 2010-07 | chain |
| Universal Health Services Inc | 5% or greater direct ownership interest | 100 | 2009-04 | |
| Alan Miller | 5% or greater indirect ownership interest | 87 | 2024-03 | |
| James Coleman | contracted managing employee | 50 | 2010-07 | |
| Matthew Peterson | corporate director | 33 | 2019-09 | |
| Steve Filton | corporate director | 33 | 2010-07 | |
| Thomas Day | corporate director | 33 | 2021-07 | |
| David Morris | contracted managing employee | 2024-12 | ||
| David Morris | corporate officer | 2024-12 | ||
| Johnta Johnson | contracted managing employee | 2023-07 | ||
| Johnta Johnson | corporate officer | 2023-07 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.