Behavioral Hospital Of Bellaire
Houston, TX
· CCN 454107
Licensed to Behavioral Health Management, Llc
Composite
54.4
rank score
Distress
32
FY2023
Fit
100
vs thesis
Estimated ticket
$33.5M–$134M
122 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $30.4M |
| Operating margin | 10.5% |
| Total margin | 11.5% |
| Days cash on hand | 0 |
| Current ratio | 0.13 |
| Occupancy | 83% |
Facility
| Beds | 122 |
| 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 | 122 | $24.3M | $2.4M | 7.6% | 9.6% | 0 | 0.02 | 77% | 3,962 | 43 |
| 2021 | 122 | $25.8M | $3.6M | 12.9% | 13.6% | 0 | 0.05 | 78% | 4,312 | 40 |
| 2022 | 122 | $27.6M | $2.2M | 7.6% | 8.0% | 0 | 0.06 | 78% | 4,592 | 40 |
| 2023 | 122 | $30.4M | $3.5M | 10.5% | 11.5% | 0 | 0.13 | 83% | 4,625 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ascend Health Corporation | 5% or greater direct ownership interest | 100 | 2012-10 | |
| Cheryl Ramagano | corporate officer | 100 | 2012-10 | |
| Cheryl Ramagano | operational/managerial control | 100 | 2012-10 | |
| George Brunner | corporate officer | 100 | 2012-10 | |
| Katharine Lyver | corporate officer | 100 | 2024-01 | |
| Matthew Klein | corporate officer | 100 | 2012-10 | |
| Matthew Peterson | corporate officer | 100 | 2019-09 | |
| Matthew Peterson | operational/managerial control | 100 | 2019-09 | |
| Steve Filton | corporate officer | 100 | 2012-10 | |
| Steve Filton | operational/managerial control | 100 | 2012-10 | |
| Thomas Day | corporate officer | 100 | 2021-07 | |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 100 | 2012-10 | |
| Alan Miller | 5% or greater indirect ownership interest | 86 | 2022-03 | |
| James Coleman | contracted managing employee | 50 | 2012-10 | |
| Uhs Of Delaware Inc | operational/managerial control | 50 | 2012-10 | |
| Steve Filton | corporate director | 33 | 2012-10 | |
| Matthew Peterson | corporate director | 33 | 2019-09 | |
| Thomas Day | corporate director | 33 | 2021-07 | |
| Amanda Tejada-Blanco | contracted managing employee | 2023-06 | ||
| Amanda Tejada-Blanco | corporate officer | 2023-06 | ||
| Brandon Askew | contracted managing employee | 2023-10 | ||
| Brandon Askew | corporate officer | 2023-10 |
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.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2020-07-01 | Lpnt Bh Acquisition 2, Llc | Srp Behavioral Hospital Of Fort Worth Llc | Wellbridge Healthcare Fort Worth | 48 |