Canyon Creek Hospital
dba Canyon Creek Behavioral Health ·
Temple, Bell County, TX
· CCN 454152
Licensed to Temple Behavioral Healthcare Hospital Inc
Composite
74.8
rank score
Distress
82
FY2024
Fit
90
vs thesis
Estimated ticket
$13.5M–$53.9M
70 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 below 0.8
- liabilities exceed assets
- 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
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $14.3M |
| Operating margin | -28.6% |
| Total margin | -28.2% |
| Days cash on hand | 0 |
| Current ratio | 0.03 |
| Occupancy | 73% |
Facility
| Beds | 70 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 17 | $1.1M | $-4.6M | -440.5% | -438.1% | 0 | 0.02 | 90% | 398 | 91 |
| 2022 | 46 | $9.4M | $-4.4M | -47.4% | -46.7% | 0 | 0.06 | 83% | 2,239 | 91 |
| 2023 | 70 | $13.8M | $-3.7M | -27.5% | -27.1% | 0 | 0.06 | 70% | 2,559 | 91 |
| 2024 | 70 | $14.3M | $-4.0M | -28.6% | -28.2% | 0 | 0.03 | 73% | 2,859 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Ramagano | corporate officer | 100 | 2020-09 | |
| George Brunner | corporate officer | 100 | 2020-09 | |
| Katharine Lyver | corporate officer | 100 | 2024-01 | |
| Matthew Klein | corporate officer | 100 | 2020-09 | |
| Matthew Peterson | corporate officer | 100 | 2020-09 | |
| Matthew Peterson | operational/managerial control | 100 | 2020-09 | |
| Steve Filton | corporate officer | 100 | 2020-09 | |
| Steve Filton | operational/managerial control | 100 | 2020-09 | |
| Thomas Day | corporate officer | 100 | 2021-07 | |
| Uhs Of Delaware Inc | operational/managerial control | 100 | 2020-09 | chain |
| Universal Health Services Inc | 5% or greater direct ownership interest | 100 | 2020-09 | |
| Alan Miller | 5% or greater indirect ownership interest | 87 | 2024-03 | |
| James Coleman | contracted managing employee | 50 | 2020-09 | |
| Matthew Peterson | corporate director | 33 | 2020-09 | |
| Steve Filton | corporate director | 33 | 2020-09 | |
| Thomas Day | corporate director | 33 | 2021-07 | |
| Evan Leblanc | contracted managing employee | 2025-03 | ||
| Evan Leblanc | corporate officer | 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 |