Houston Behavioral Healthcare
dba Aurora Behavioral Healthcare-Houston, Llc ·
Houston, Harris County, TX
· CCN 454135
Licensed to Houston Behavioral Healthcare Hospital, Llc
Composite
57.1
rank score
Distress
38
FY2023
Fit
100
vs thesis
Estimated ticket
$44.8M–$179M
163 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- under 30 days cash on hand
- current liabilities exceed current assets
- 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 uses the capital envelope well
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $37.8M |
| Operating margin | 7.3% |
| Total margin | 7.4% |
| Days cash on hand | 0 |
| Current ratio | 0.85 |
| Occupancy | 84% |
Facility
| Beds | 163 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $275K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 163 | $25.5M | $542K | -1.2% | 2.1% | 8 | 0.25 | 46% | 5,250 | 64 |
| 2021 | 163 | $33.4M | $4.9M | 14.2% | 14.6% | 5 | 0.47 | 76% | 5,783 | 47 |
| 2022 | 163 | $34.2M | $3.6M | 10.1% | 10.5% | 0 | 0.54 | 80% | 5,996 | 47 |
| 2023 | 163 | $37.8M | $2.8M | 7.3% | 7.4% | 0 | 0.85 | 84% | 5,855 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adrian Flores | corporate officer | 100 | 2022-01 | |
| Adrian Flores | operational/managerial control | 100 | 2022-01 | |
| Signature Healthcare Services, Llc | 5% or greater direct ownership interest | 100 | 2012-08 | |
| Soon Kim | 5% or greater indirect ownership interest | 100 | 2012-08 | |
| Soon Kim | operational/managerial control | 100 | 2012-08 | |
| Heidi Philippe | corporate officer | 50 | 2021-01 | |
| Heidi Philippe | w-2 managing employee | 50 | 2021-01 | |
| Heidi Philippe | operational/managerial control | 50 | 2021-01 |
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 |