Perimeter Behavioral Hospital Of Dal
dba Perimeter Behavioral Hospital Of Dallas ·
Garland, TX
· CCN 454149
Licensed to Perimeter Behavioral Hospital Of Garland, Llc
Composite
65.6
rank score
Distress
63
FY2023
Fit
93
vs thesis
Estimated ticket
$23.4M–$93.5M
100 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- liabilities exceed assets
- occupancy 45-60%
- 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
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $15.9M |
| Operating margin | -7.0% |
| Total margin | -6.6% |
| Days cash on hand | 0 |
| Current ratio | 1.70 |
| Occupancy | 54% |
Facility
| Beds | 100 |
| 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 | 60 | $5.8M | $-3.8M | -65.4% | -65.4% | 0 | 1.08 | 42% | 1,140 | 87 |
| 2021 | 77 | $12.3M | $-1.6M | -13.2% | -12.9% | 0 | 1.66 | 71% | 2,501 | 78 |
| 2022 | 100 | $15.1M | $-1.6M | -10.8% | -10.4% | 0 | 2.51 | 63% | 2,640 | 78 |
| 2023 | 100 | $15.9M | $-1.0M | -7.0% | -6.6% | 0 | 1.70 | 54% | 2,189 | 63 |
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 | ||
| Rochelle Gerber | corporate director | 2019-01 | ||
| Susan Somers | operational/managerial control | 2023-08 |
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 |