dealflow
envelope $200M

← Targets

Rio Vista Behavioral Health

El Paso, El Paso County, TX · CCN 454146
Licensed to El Paso Behavioral Hospital Llc

Composite
52.2
rank score
Distress
23
FY2023
Fit
100
vs thesis
Estimated ticket
$36.3M–$145M
132 beds · within envelope
Ownership
for-profit
PH

Why it ranks here

  • under 30 days cash on hand
  • current ratio under 1.5
  • 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 uses the capital envelope well
  • strong occupancy — good iteration surface
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$31.1M
Operating margin 20.0%
Total margin 20.3%
Days cash on hand 0
Current ratio 1.04
Occupancy71%

Facility

Beds132
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $275K
Per-bed (high) $1.1M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 80 $14.6M $751K 4.9% 5.1% 0 1.67 70% 2,073 33
2021 80 $21.5M $3.8M 17.7% 17.7% 0 0.69 88% 2,327 36
2022 92 $27.7M $7.8M 28.2% 28.2% 0 1.13 79% 2,355 26
2023 132 $31.1M $6.3M 20.0% 20.3% 0 1.04 71% 2,784 23

Owners

OwnerRole%SinceType
Acadia Healthcare Company Inc
Franklin, TN
5% or greater direct ownership interest 100 2017-10 chain
Brian Farley corporate officer 2023-07
Deborah Kraemer w-2 managing employee 2012-06
Debra Osteen corporate officer 2026-01
Karla Silva w-2 managing employee 2024-10
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.

DateBuyerSellerHospitalBeds
2020-07-01 Lpnt Bh Acquisition 2, Llc Srp Behavioral Hospital Of Fort Worth Llc Wellbridge Healthcare Fort Worth 48