Rock Springs
Georgetown, Williamson County, TX
· CCN 454127
Licensed to Rock Springs, Llc
Composite
65.4
rank score
Distress
60
FY2023
Fit
96
vs thesis
Estimated ticket
$16.8M–$67.3M
72 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin -10% to -5%
- total margin under 2%
- under 30 days cash on hand
- debt above 85% of 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
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $24.1M |
| Operating margin | -5.5% |
| Total margin | 1.6% |
| Days cash on hand | 0 |
| Current ratio | 2.42 |
| Occupancy | 88% |
Facility
| Beds | 72 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 72 | $21.1M | $2.1M | 9.6% | 9.7% | 1 | 0.26 | 83% | 2,228 | 43 |
| 2021 | 72 | $22.9M | $2.0M | 8.8% | 8.9% | 0 | 0.83 | 87% | 2,288 | 39 |
| 2022 | 72 | $24.6M | $2.8M | 4.5% | 10.7% | 0 | 2.01 | 89% | 2,235 | 30 |
| 2023 | 72 | $24.1M | $413K | -5.5% | 1.6% | 0 | 2.42 | 88% | 2,416 | 60 |
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 Llc | 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 | 2014-02 | |
| Charlotte Lawrence | corporate officer | 2023-02 | ||
| Christopher Jagoditz | corporate officer | 2025-10 | ||
| Christopher Monte | corporate officer | 2023-02 | ||
| Elliott Brown | corporate officer | 2026-04 | ||
| Erin Basalay | w-2 managing employee | 2022-05 | ||
| Lifepoint Behavioral Health Services, Llc | operational/managerial control | 2023-02 | ||
| 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 |