Sun Behavioral Houston
Houston, TX
· CCN 454139
Licensed to Sun Houston Llc
Composite
63.0
rank score
Distress
51
FY2023
Fit
100
vs thesis
Estimated ticket
$34.6M–$138M
148 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin under 2%
- total margin under 2%
- 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 uses the capital envelope well
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $34.5M |
| Operating margin | 1.0% |
| Total margin | 1.1% |
| Days cash on hand | 0 |
| Current ratio | 0.29 |
| Occupancy | 81% |
Facility
| Beds | 148 |
| 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 | 148 | $22.6M | $-1.3M | -6.6% | -5.8% | 76 | 0.35 | 64% | 4,243 | 69 |
| 2021 | 148 | $26.2M | $5.1M | -1.7% | 16.1% | 24 | 0.35 | 68% | 4,584 | 62 |
| 2022 | 148 | $28.7M | $-1.6M | -5.8% | -5.7% | 23 | 0.30 | 70% | 4,686 | 81 |
| 2023 | 148 | $34.5M | $387K | 1.0% | 1.1% | 0 | 0.29 | 81% | 5,364 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sun Behavioral Health Inc | 5% or greater direct ownership interest | 100 | 2015-07 | |
| Brennan Francois | corporate officer | 50 | 2020-02 | |
| Brennan Francois | corporate director | 50 | 2020-02 | |
| Brennan Francois | w-2 managing employee | 50 | 2020-02 | |
| Ricardo Villanueva | corporate officer | 50 | 2018-01 | |
| Ricardo Villanueva | corporate director | 50 | 2018-01 | |
| Ricardo Villanueva | w-2 managing employee | 50 | 2018-01 |
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 |