Oceans Behavioral Hospital Of Lufkin
Lufkin, Angelina County, TX
· CCN 454123
Licensed to Oceans Behavioral Hospital Of Lufkin Llc
Composite
35.8
rank score
Distress
12
FY2023
Fit
73
vs thesis
Estimated ticket
$1.3M–$2.6M
24 beds ·
within envelope
Ownership
for-profit
PE 1y
Why it ranks here
- margin deteriorating sharply
- recently acquired by private equity
- TX: favorable regulatory climate
- rural — cheaper but limited density
- specialty facility — narrower problem scope
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $8.2M |
| Operating margin | 10.9% |
| Total margin | 10.9% |
| Days cash on hand | — |
| Current ratio | 11.99 |
| Occupancy | 86% |
Facility
| Beds | 24 |
| Facility type | PH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $55.0K |
| Per-bed (high) | $110K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 24 | $6.7M | $2.0M | 20.9% | 27.7% | — | 5.16 | 74% | 463 | 0 |
| 2021 | 24 | $7.5M | $2.1M | 22.8% | 26.6% | — | 8.99 | 77% | 580 | 0 |
| 2022 | 24 | $7.1M | $912K | 6.2% | 12.1% | — | 12.91 | 76% | 604 | 0 |
| 2023 | 24 | $8.2M | $902K | 10.9% | 10.9% | — | 11.99 | 86% | 632 | 12 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Oceans Acquisition Inc | 5% or greater direct ownership interest | 100 | 2014-01 | |
| Oceans Buyer, Inc. | 5% or greater indirect ownership interest | 100 | 2022-02 | |
| Oceans Midco, Inc. | 5% or greater indirect ownership interest | 100 | 2022-02 | |
| Oceans Topco, Inc. | 5% or greater indirect ownership interest | 100 | 2022-02 | |
| Oceans Ultimate Holdco, Lp | 5% or greater indirect ownership interest | 100 | 2022-02 | |
| Webster Equity Partners V, Lp | 5% or greater indirect ownership interest | 51 | 2022-02 | PE |
| Webster Oceans Co-Investment Fund, Lp | 5% or greater indirect ownership interest | 33 | 2022-02 | |
| Wasque Partners Ii Spe, Lp | 5% or greater indirect ownership interest | 10 | 2022-02 | |
| Oceans Ultimate Holdco Gp, Llc | 5% or greater indirect ownership interest | 1 | 2022-02 | |
| Laura Tarantino | corporate officer | 2015-02 | ||
| Oceans Acquisition Inc | operational/managerial control | 2016-01 | ||
| Stuart Archer | corporate director | 2014-11 | ||
| Stuart Archer | operational/managerial control | 2016-01 |
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 |