Wellbridge Healthcare Fort Worth
Fort Worth, Tarrant County, TX
· CCN 454128
Licensed to Lpnt Bh Acquisition 2, Llc
Composite
72.9
rank score
Distress
82
FY2023
Fit
90
vs thesis
Estimated ticket
$9.2M–$37.0M
48 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- 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 | $10.4M |
| Operating margin | -14.3% |
| Total margin | -13.2% |
| Days cash on hand | 0 |
| Current ratio | 0.67 |
| Occupancy | 82% |
Facility
| Beds | 48 |
| 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 | 48 | $3.2M | $-689K | -62.1% | -15.4% | 61 | 0.33 | 55% | 399 | 81 |
| 2021 | 48 | $11.1M | $-650K | -5.9% | -5.8% | 0 | 0.73 | 83% | 1,365 | 81 |
| 2022 | 48 | $11.3M | $-526K | -4.7% | -4.7% | 0 | 0.82 | 82% | 1,393 | 70 |
| 2023 | 48 | $10.4M | $-1.4M | -14.3% | -13.2% | 0 | 0.67 | 82% | 1,395 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Lifepoint Behavioral Health Hospital Services, Llc | 5% or greater direct ownership interest | 100 | 2020-07 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Lifepoint Rehab Blocker Llc | 5% or greater indirect ownership interest | 100 | 2022-12 | |
| Lifepoint Rehab Blocker Parent Llc | 5% or greater indirect ownership interest | 100 | 2022-12 | |
| Lifepoint Rehab Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Charlotte Lawrence | corporate officer | 2021-12 | ||
| Christopher Jagoditz | corporate officer | 2025-10 | ||
| Christopher Monte | corporate officer | 2021-12 | ||
| Elliott Brown | corporate officer | 2026-04 | ||
| Kimberly Hancock | w-2 managing employee | 2025-06 | ||
| Marcus Poppell | other | 2021-12 | ||
| Martin Mann | corporate officer | 2021-12 | ||
| Nicoletta Tessler | corporate officer | 2025-08 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-07-01 | change of ownership | Lpnt Bh Acquisition 2, Llc | Srp Behavioral Hospital Of... |
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 |