Salt Lake City Behavioral Health
dba Salt Lake Behavioral Health ·
Salt Lake City, Salt Lake County, UT
· CCN 464013
Licensed to Salt Lake Behavioral Health Llc
Composite
54.3
rank score
Distress
33
FY2023
Fit
94
vs thesis
Estimated ticket
$32.5M–$130M
118 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- under 30 days cash on hand
- debt above 85% of assets
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $31.0M |
| Operating margin | 7.1% |
| Total margin | 7.2% |
| Days cash on hand | 0 |
| Current ratio | 2.34 |
| Occupancy | 63% |
Facility
| Beds | 118 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $275K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 118 | $23.3M | $2.6M | 8.7% | 10.9% | 0 | 1.06 | 56% | 2,449 | 39 |
| 2021 | 118 | $26.0M | $2.7M | 10.2% | 10.3% | 1 | 2.01 | 58% | 2,462 | 36 |
| 2022 | 118 | $26.3M | $776K | 2.9% | 3.0% | 0 | 2.06 | 83% | 2,051 | 33 |
| 2023 | 118 | $31.0M | $2.2M | 7.1% | 7.2% | 0 | 2.34 | 63% | 2,018 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ascend Health Corporation | 5% or greater direct ownership interest | 100 | 2010-07 | |
| Cheryl Ramagano | corporate officer | 100 | 2012-10 | |
| Daren Woolstenhulme | contracted managing employee | 100 | 2016-07 | |
| Daren Woolstenhulme | corporate officer | 100 | 2016-07 | |
| George Brunner | corporate officer | 100 | 2012-10 | |
| Katharine Lyver | corporate officer | 100 | 2024-01 | |
| Matthew Klein | corporate officer | 100 | 2012-10 | |
| Matthew Peterson | corporate officer | 100 | 2019-09 | |
| Matthew Peterson | operational/managerial control | 100 | 2019-09 | |
| Steve Filton | corporate officer | 100 | 2012-10 | |
| Steve Filton | operational/managerial control | 100 | 2012-10 | |
| Thomas Day | corporate officer | 100 | 2021-07 | |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 100 | 2000-06 | |
| Alan Miller | 5% or greater indirect ownership interest | 87 | 2024-03 | |
| James Coleman | contracted managing employee | 50 | 2012-10 | |
| Matthew Peterson | corporate director | 33 | 2019-09 | |
| Steve Filton | corporate director | 33 | 2012-10 | |
| Thomas Day | corporate director | 33 | 2021-07 | |
| Dustin Gallegos | contracted managing employee | 2024-05 | ||
| Dustin Gallegos | corporate officer | 2024-05 | ||
| Uhs Of Delaware Inc | operational/managerial control | 2000-06 | chain |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.