Oceans Behavioral Hospital Lubbock
dba Oceans Behavioral Hospital Of Lubbock ·
Lubbock, Lubbock County, TX
· CCN 454157
Licensed to Oceans Behavioral Hospital Of Lubbock Llc
Composite
75.3
rank score
Distress
91
FY2023
Fit
83
vs thesis
Estimated ticket
$6.2M–$24.6M
32 beds ·
within envelope
Ownership
for-profit
PE
Why it ranks here
- operating margin below -10%
- total margin below -8%
- current ratio below 0.8
- liabilities exceed assets
- occupancy 45-60%
- 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
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $3.6M |
| Operating margin | -127.7% |
| Total margin | -127.4% |
| Days cash on hand | — |
| Current ratio | -7.25 |
| Occupancy | 56% |
Facility
| Beds | 32 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 32 | $3.6M | $-4.5M | -127.7% | -127.4% | — | -7.25 | 56% | 442 | 91 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Oceans Acquisition Inc | 5% or greater direct ownership interest | 100 | 2023-01 | |
| Oceans Buyer, Inc. | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Oceans Midco, Inc. | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Oceans Topco, Inc. | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Oceans Ultimate Holdco, Lp | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Webster Equity Partners V, Lp | 5% or greater indirect ownership interest | 51 | 2023-01 | PE |
| Webster Oceans Co-Investment Fund, Lp | 5% or greater indirect ownership interest | 33 | 2023-01 | |
| Wasque Partners Ii Spe, Lp | 5% or greater indirect ownership interest | 10 | 2023-01 | |
| Oceans Ultimate Holdco Gp, Llc | 5% or greater indirect ownership interest | 1 | 2023-01 | |
| Laura Tarantino | corporate officer | 2023-01 | ||
| Laura Tarantino | corporate director | 2023-01 | ||
| Marybeth Moran Murphy | w-2 managing employee | 2023-01 | ||
| Stuart Archer | corporate officer | 2023-01 | ||
| Stuart Archer | corporate director | 2023-01 |
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 |