Georgetown Behavioral Health
Georgetown, Williamson County, TX
· CCN 454129
Licensed to Georgetown Behavioral Health Institute Llc
Composite
75.3
rank score
Distress
82
FY2023
Fit
96
vs thesis
Estimated ticket
$22.7M–$90.9M
118 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
- 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 | $20.8M |
| Operating margin | -13.6% |
| Total margin | -9.3% |
| Days cash on hand | 0 |
| Current ratio | 0.13 |
| Occupancy | 65% |
Facility
| Beds | 118 |
| 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 | 118 | $15.6M | $-1.8M | -17.9% | -10.7% | 10 | 0.08 | 54% | 3,285 | 93 |
| 2021 | 118 | $18.0M | $-864K | -10.3% | -4.5% | 12 | 0.11 | 59% | 3,260 | 89 |
| 2022 | 118 | $17.1M | $-3.0M | -17.9% | -17.5% | 0 | 0.08 | 53% | 3,163 | 93 |
| 2023 | 118 | $20.8M | $-2.0M | -13.6% | -9.3% | 0 | 0.13 | 65% | 3,933 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Signature Healthcare Services, Llc | 5% or greater direct ownership interest | 100 | 2013-04 | |
| Rebekah Francis | corporate officer | 50 | 2021-05 | |
| Rebekah Francis | w-2 managing employee | 50 | 2021-05 | |
| Rebekah Francis | operational/managerial control | 50 | 2021-05 | |
| Soon Kim | 5% or greater indirect ownership interest | 2013-04 |
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 |