San Antonio Behavioral Healthcare
dba Aurora Behavioral Healthcare Hospital - San Antonio Llc ·
San Antonio, Bexar County, TX
· CCN 454132
Licensed to San Antonio Behavioral Healthcare Hospital Llc
Composite
67.9
rank score
Distress
62
FY2023
Fit
100
vs thesis
Estimated ticket
$46.3M–$185M
198 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin negative
- total margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- margin slipping
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $42.0M |
| Operating margin | -1.4% |
| Total margin | 0.7% |
| Days cash on hand | 0 |
| Current ratio | 0.75 |
| Occupancy | 78% |
Facility
| Beds | 198 |
| 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 | 198 | $33.2M | $247K | -1.4% | 0.7% | 11 | 0.58 | 68% | 7,554 | 66 |
| 2021 | 198 | $35.4M | $155K | -1.4% | 0.4% | 5 | 0.62 | 72% | 7,787 | 66 |
| 2022 | 198 | $36.3M | $118K | -0.0% | 0.3% | 0 | 0.62 | 73% | 7,361 | 66 |
| 2023 | 198 | $42.0M | $292K | -1.4% | 0.7% | 0 | 0.75 | 78% | 8,036 | 62 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Aleen Arabit | corporate officer | 100 | 2017-12 | |
| Aleen Arabit | operational/managerial control | 100 | 2017-12 | |
| Signature Healthcare Services, Llc | 5% or greater direct ownership interest | 100 | 2012-09 | |
| Soon Kim | 5% or greater indirect ownership interest | 80 | 2012-09 | |
| Karen Sparrow | corporate officer | 50 | 2021-11 | |
| Karen Sparrow | w-2 managing employee | 50 | 2021-11 | |
| Karen Sparrow | operational/managerial control | 50 | 2021-11 |
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 |