Mesa Springs
Fort Worth, Tarrant County, TX
· CCN 454124
Licensed to Mesa Springs Llc
Composite
68.0
rank score
Distress
71
FY2023
Fit
90
vs thesis
Estimated ticket
$13.9M–$55.4M
72 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin negative
- total margin -8% to -3%
- current ratio below 0.8
- liabilities exceed assets
- 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
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $27.9M |
| Operating margin | -4.5% |
| Total margin | -4.4% |
| Days cash on hand | — |
| Current ratio | 0.56 |
| Occupancy | 87% |
Facility
| Beds | 72 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 72 | $25.4M | $3.0M | 11.7% | 12.0% | — | -8.36 | 80% | 2,794 | 17 |
| 2021 | 72 | $27.1M | $2.2M | 7.8% | 8.1% | — | 0.69 | 82% | 2,946 | 27 |
| 2022 | 72 | $25.5M | $-3.1M | -19.0% | -11.4% | — | 0.61 | 79% | 2,882 | 89 |
| 2023 | 72 | $27.9M | $-1.2M | -4.5% | -4.4% | — | 0.56 | 87% | 3,112 | 71 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Lifepoint Behavioral Health, Llc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Lifepoint Rehab Blocker Parent Llc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Lifepoint Rehab Llc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Lpnt Autumn Holdco, Llc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Springstone Health Opco, Llc | 5% or greater direct ownership interest | 100 | 2013-10 | |
| Andrew Carlton | w-2 managing employee | 2023-03 | ||
| Charlotte Lawrence | corporate officer | 2023-02 | ||
| Christopher Jagoditz | corporate officer | 2025-10 | ||
| Christopher Monte | corporate officer | 2023-02 | ||
| Elliott Brown | corporate officer | 2026-04 | ||
| Marcus Poppell | other | 2023-02 | ||
| Martin Mann | corporate officer | 2023-02 | ||
| Nicoletta Tessler | corporate officer | 2025-08 |
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 |