Creekside Behavioral Health
Kingsport, Sullivan County, TN
· CCN 444027
Licensed to Sbh-Kingsport
Composite
52.2
rank score
Distress
36
FY2023
Fit
90
vs thesis
Estimated ticket
$19.8M–$79.2M
72 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- debt above 70% of assets
- 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 | $18.9M |
| Operating margin | 3.2% |
| Total margin | 7.3% |
| Days cash on hand | 0 |
| Current ratio | 0.22 |
| Occupancy | 87% |
Facility
| Beds | 72 |
| 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 | 72 | $13.1M | $-1.1M | -9.9% | -8.0% | 0 | 1.72 | 66% | 2,271 | 61 |
| 2021 | 72 | $14.7M | $-414K | -5.8% | -2.7% | 0 | 0.77 | 73% | 2,536 | 66 |
| 2022 | 72 | $16.8M | $2.7M | 7.6% | 14.6% | 0 | 0.30 | 83% | 2,619 | 40 |
| 2023 | 72 | $18.9M | $1.4M | 3.2% | 7.3% | 0 | 0.22 | 87% | 2,633 | 36 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brian Walton | corporate officer | 100 | 2026-03 | |
| Brian Walton | operational/managerial control | 100 | 2026-03 | |
| James Hinkle | corporate officer | 100 | 2026-03 | |
| Sbhc Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Sperry Holdco Llc | 5% or greater indirect ownership interest | 100 | 2025-01 | |
| Summit Behavioral Healthcare Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Summit Behavioral Holdings I Llc | 5% or greater direct ownership interest | 100 | 2021-12 | |
| Summit Behavioral Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Psc Sperry Buyer Llc | 5% or greater indirect ownership interest | 96 | 2021-12 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.