Oceans Behavioral Hospital Amarillo
dba Oceans Behavioral Hospital Of Amarillo ·
Amarillo, Potter County, TX
· CCN 454154
Licensed to Oceans Behavioral Hospital Of Amarillo, Llc
Composite
66.2
rank score
Distress
65
FY2023
Fit
90
vs thesis
Estimated ticket
$6.5M–$26.2M
28 beds ·
within envelope
Ownership
for-profit
PE 1y
Why it ranks here
- operating margin below -10%
- total margin below -8%
- current ratio below 0.8
- recently acquired by private equity
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $7.2M |
| Operating margin | -10.3% |
| Total margin | -10.3% |
| Days cash on hand | — |
| Current ratio | -4.90 |
| Occupancy | 75% |
Facility
| Beds | 28 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 28 | $3.9M | $-1.8M | -46.4% | -46.4% | — | -3.63 | 58% | 356 | 77 |
| 2022 | 28 | $6.8M | $-912K | -13.5% | -13.5% | — | -7.34 | 78% | 584 | 89 |
| 2023 | 28 | $7.2M | $-735K | -10.3% | -10.3% | — | -4.90 | 75% | 566 | 65 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Oceans Acquisition Inc | 5% or greater direct ownership interest | 100 | 2019-08 | |
| Oceans Buyer, Inc. | 5% or greater indirect ownership interest | 100 | 2022-02 | |
| Oceans Midco, Inc. | 5% or greater indirect ownership interest | 100 | 2022-02 | |
| Oceans Topco, Inc. | 5% or greater indirect ownership interest | 100 | 2022-02 | |
| Oceans Ultimate Holdco Gp, Llc | 5% or greater indirect ownership interest | 100 | 2022-02 | |
| Oceans Ultimate Holdco, Lp | 5% or greater indirect ownership interest | 100 | 2022-02 | |
| Webster Equity Partners V, Lp | 5% or greater indirect ownership interest | 51 | 2022-02 | PE |
| Webster Oceans Co-Investment Fund, Lp | 5% or greater indirect ownership interest | 33 | 2022-02 | |
| Wasque Partners Ii Spe, Lp | 5% or greater indirect ownership interest | 10 | 2022-02 | |
| Laura Tarantino | corporate officer | 2019-08 | ||
| Laura Tarantino | corporate director | 2019-08 | ||
| Laura Tarantino | w-2 managing employee | 2019-08 | ||
| Laura Tarantino | operational/managerial control | 2019-08 | ||
| Oceans Acquisition Inc | operational/managerial control | 2019-08 | ||
| Stuart Archer | corporate officer | 2019-08 | ||
| Stuart Archer | corporate director | 2019-08 | ||
| Stuart Archer | operational/managerial control | 2019-08 |
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 |