dealflow
envelope $200M

← Targets

Ubh El Paso Hospital

dba El Paso Behavioral Health System · El Paso, TX · CCN 454109
Licensed to University Behavioral Health Of El Paso Llc

Composite
56.3
rank score
Distress
32
FY2023
Fit
100
vs thesis
Estimated ticket
$45.6M–$183M
166 beds · within envelope
Ownership
for-profit
PH

Why it ranks here

  • under 30 days cash on hand
  • current ratio below 0.8
  • part of a multi-hospital chain — divestiture candidate
  • 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$48.3M
Operating margin 34.2%
Total margin 34.5%
Days cash on hand 0
Current ratio -0.22
Occupancy88%

Facility

Beds166
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $275K
Per-bed (high) $1.1M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 166 $38.8M $10.6M 24.6% 26.5% 0 0.08 78% 5,742 36
2021 166 $43.5M $13.1M 30.0% 30.1% 0 2.81 84% 6,130 22
2022 166 $47.5M $16.0M 33.6% 33.7% 0 -0.34 88% 6,727 36
2023 166 $48.3M $16.7M 34.2% 34.5% 0 -0.22 88% 6,564 32

Owners

OwnerRole%SinceType
Ascend Health Corporation
King Of Prussia, PA
5% or greater direct ownership interest 100 2007-01
Cheryl Ramagano corporate officer 100 2012-10
Felipe Sosa corporate officer 100 2013-08
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
Uhs Of Delaware Inc
King Of Prussia, PA
operational/managerial control 100 2012-10 chain
Universal Health Services Inc
King Of Prussia, PA
5% or greater indirect ownership interest 100 2012-10
Alan Miller 5% or greater indirect ownership interest 87 2024-03
James Coleman contracted managing employee 50 2012-10
Matthew Peterson corporate director 33 2019-09
Steve Filton corporate director 33 2012-10
Thomas Day corporate director 33 2021-07
Jennifer Castaneda contracted managing employee 2024-11
Jennifer Castaneda corporate officer 2024-11

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