Perimeter Hospital Of Arlington
Arlington, Tarrant County, TX
· CCN 454148
Licensed to Perimeter Behavioral Hospital Of Arlington, Llc
Composite
75.8
rank score
Distress
83
FY2023
Fit
96
vs thesis
Estimated ticket
$16.9M–$67.8M
88 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
- current ratio under 1.5
- 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 | $15.5M |
| Operating margin | -13.5% |
| Total margin | -13.1% |
| Days cash on hand | 0 |
| Current ratio | 1.26 |
| Occupancy | 72% |
Facility
| Beds | 88 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | — | — | — | — | — | — | — | — | — | — |
| 2020 | — | — | — | — | — | — | — | — | — | — |
| 2021 | 76 | $12.0M | $-761K | -6.6% | -6.3% | 88 | 0.96 | 71% | 2,297 | 64 |
| 2022 | — | — | — | — | — | — | — | — | — | — |
| 2023 | 88 | $15.5M | $-2.0M | -13.5% | -13.1% | 0 | 1.26 | 72% | 2,525 | 83 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Holdco Perimeter Llc | 5% or greater indirect ownership interest | 100 | 2025-04 | |
| Perimeter Acquisition Holdco Llc | 5% or greater indirect ownership interest | 100 | 2025-04 | |
| Rep Wr Holdings Llc | 5% or greater direct ownership interest | 100 | 2019-04 | |
| Mfo Perimeter Llc | 5% or greater indirect ownership interest | 89 | 2025-04 | |
| Perimeter Orchards Llc | 5% or greater indirect ownership interest | 62 | 2025-04 | |
| Orchard Holdings Llc | 5% or greater indirect ownership interest | 34 | 2025-04 | |
| Mitchell Family Irrevocable Trust U/a Dated December 28, 2012 | 5% or greater indirect ownership interest | 33 | 2025-04 | |
| Mark T Mitchell Living Trust | 5% or greater indirect ownership interest | 28 | 2025-04 | |
| Orchard Holdings Ii Llc | 5% or greater indirect ownership interest | 19 | 2025-04 | |
| Mitchell Family Ii Irrevocable Trust U/a Dated October 26, 2016 | 5% or greater indirect ownership interest | 19 | 2025-04 | |
| Orchard Holdings Iii Llc | 5% or greater indirect ownership interest | 9 | 2025-04 | |
| Mitchell Family Iii Irrevocable Gst Trust | 5% or greater indirect ownership interest | 9 | 2025-04 | |
| George Dunaway | corporate officer | 2019-04 | ||
| James Laughlin | corporate officer | 2019-04 | ||
| Shannon Failes | operational/managerial control | 2025-03 |
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 |