Woodland Springs
Conroe, TX
· CCN 454144
Licensed to Woodland Springs, Llc
Composite
68.2
rank score
Distress
66
FY2023
Fit
96
vs thesis
Estimated ticket
$22.4M–$89.8M
96 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin negative
- total margin negative
- current ratio below 0.8
- liabilities exceed assets
- margin deteriorating sharply
- 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 | $26.3M |
| Operating margin | -1.7% |
| Total margin | -1.6% |
| Days cash on hand | — |
| Current ratio | 0.51 |
| Occupancy | 76% |
Facility
| Beds | 96 |
| 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 | 96 | $20.8M | $2.6M | 12.2% | 12.6% | 0 | 0.18 | 71% | 2,608 | 36 |
| 2021 | 96 | $20.1M | $1.1M | 5.4% | 5.5% | — | 0.58 | 70% | 2,812 | 31 |
| 2022 | 96 | $19.5M | $-3.2M | -16.4% | -16.2% | — | 0.42 | 67% | 2,694 | 89 |
| 2023 | 96 | $26.3M | $-422K | -1.7% | -1.6% | — | 0.51 | 76% | 3,042 | 66 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Lifepoint Behavioral Health, Llc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Lifepoint Rehab Blocker Llc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Lifepoint Rehab Blocker Parent Llc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Lifepoint Rehab Llc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Lpnt Autumn Holdco, Llc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Springstone Health Opco, Llc | 5% or greater direct ownership interest | 100 | 2021-10 | |
| Charlotte Lawrence | corporate officer | 2023-02 | ||
| Christopher Jagoditz | corporate officer | 2025-10 | ||
| Christopher Monte | corporate officer | 2023-02 | ||
| Elliott Brown | corporate officer | 2026-04 | ||
| Lifepoint Behavioral Health Services, Llc | operational/managerial control | 2023-02 | ||
| Marcus Poppell | other | 2023-02 | ||
| Martin Mann | corporate officer | 2023-02 | ||
| Nicoletta Tessler | corporate officer | 2025-08 | ||
| Ross Teemant | operational/managerial control | 2022-10 |
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 |