Cross Creek Hospital
Austin, Travis County, TX
· CCN 454133
Licensed to Austin Behavioral Hospital Llc
Composite
74.5
rank score
Distress
76
FY2023
Fit
96
vs thesis
Estimated ticket
$17.3M–$69.3M
90 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
- liabilities exceed assets
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- 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 | $20.7M |
| Operating margin | -11.6% |
| Total margin | -11.6% |
| Days cash on hand | 0 |
| Current ratio | 5.44 |
| Occupancy | 89% |
Facility
| Beds | 90 |
| 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 | 90 | $15.7M | $-1.3M | -8.4% | -7.9% | 0 | 1.48 | 68% | 2,929 | 71 |
| 2021 | 90 | $18.8M | $-23.1K | -0.3% | -0.1% | 0 | 2.30 | 81% | 3,230 | 57 |
| 2022 | 90 | $21.6M | $386K | 1.6% | 1.8% | 0 | 4.08 | 86% | 3,963 | 43 |
| 2023 | 90 | $20.7M | $-2.4M | -11.6% | -11.6% | 0 | 5.44 | 89% | 3,901 | 76 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Acadia Healthcare Company Inc | 5% or greater direct ownership interest | 88 | 2025-08 | chain |
| Ascension Seton | 5% or greater direct ownership interest | 12 | 2025-08 | |
| Brian Farley | corporate officer | 2023-07 | ||
| Deborah Kraemer | w-2 managing employee | 2012-06 | ||
| Debra Osteen | corporate officer | 2026-01 | ||
| Kayshon Mckennery | w-2 managing employee | 2019-07 | ||
| Stacie Harty | w-2 managing employee | 2018-06 | ||
| Timothy Sides | w-2 managing employee | 2023-06 | ||
| Todd Young | corporate officer | 2025-10 |
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 |