dealflow
envelope $200M

← Targets

Knoxville Center For Behavioral Medi

dba Knoxville Center For Behavioral Medicine · Knoxville, Knox County, TN · CCN 444031
Licensed to Knoxville Center For Behavioral Medicine Llc

Composite
65.1
rank score
Distress
70
FY2023
Fit
84
vs thesis
Estimated ticket
$12.3M–$49.3M
64 beds · within envelope
Ownership
for-profit
PH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • liabilities exceed assets
  • 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$11.9M
Operating margin -43.5%
Total margin -43.1%
Days cash on hand 18
Current ratio 2.32
Occupancy73%

Facility

Beds64
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $192K
Per-bed (high) $770K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2022 64 $1.9M $-6.9M -366.9% -366.6% 24 2.76 29% 194 87
2023 64 $11.9M $-5.1M -43.5% -43.1% 18 2.32 73% 1,648 70

Owners

OwnerRole%SinceType
Nhc-Op Lp
Murfreesboro, TN
5% or greater direct ownership interest 65 2022-03
University Health System, Inc.
Knoxville, TN
5% or greater direct ownership interest 20 2022-03
Knoxville Hma Holdings, Llc
Powell, TN
5% or greater direct ownership interest 15 2022-03
Bryan Webb w-2 managing employee 2022-11
Howard Nason Jr. corporate director 2022-03
Howard Nason Jr. operational/managerial control 2022-03
National Healthcare Corporation
Murfreesboro, TN
5% or greater indirect ownership interest 2022-03

Ownership changes

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