dealflow
envelope $200M

← Targets

Ascension Seton Shoal Creek

Austin, Travis County, TX · CCN 454029

Composite
67.7
rank score
Distress
73
FY2024
Fit
87
vs thesis
Estimated ticket
$10.4M–$41.6M
54 beds · within envelope
Ownership
nonprofit
PH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • current ratio under 1.5
  • margin deteriorating sharply
  • TX: favorable regulatory climate
  • 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
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$10.4M
Operating margin -90.7%
Total margin -85.8%
Days cash on hand 0
Current ratio 1.41
Occupancy62%

Facility

Beds54
Facility typePH
Settingurban
Ownership classnonprofit
Per-bed (low) $192K
Per-bed (high) $770K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 70 $11.5M $-8.3M -82.8% -65.7% 0 0.84 52% 1,902 89
2022 39 $10.1M $-8.8M -91.7% -83.1% 0 0.88 72% 1,272 87
2023 54 $10.0M $-12.2M -122.7% -121.2% 0 0.79 60% 1,354 82
2024 54 $10.4M $-9.1M -90.7% -85.8% 0 1.41 62% 1,408 73

Owners

No ownership records — CMS has no owner filings mapped to this CCN.

Ownership changes

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

Who has been buying in TX

Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.

DateBuyerSellerHospitalBeds
2020-07-01 Lpnt Bh Acquisition 2, Llc Srp Behavioral Hospital Of Fort Worth Llc Wellbridge Healthcare Fort Worth 48