dealflow
envelope $200M

← Targets

Northern Virginia Mental Health Inst

Falls Church, Fairfax County, VA · CCN 494010
Licensed to Northern Virginia Mental Health Institute

Composite
63.3
rank score
Distress
74
FY2024
Fit
75
vs thesis
Estimated ticket
$18.1M–$72.4M
94 beds · within envelope
Ownership
government
PH

Why it ranks here

  • operating margin below -10%
  • total margin -8% to -3%
  • under 30 days cash on hand
  • current liabilities exceed current assets
  • margin deteriorating sharply
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • bed count in the target band
  • ticket size somewhat below the envelope
  • strong occupancy — good iteration surface
  • government-owned — public process likely

Latest financials · FY2024

Net patient revenue$10.1M
Operating margin -466.1%
Total margin -4.5%
Days cash on hand 11
Current ratio 0.95
Occupancy97%

Facility

Beds94
Facility typePH
Settingurban
Ownership classgovernment
Per-bed (low) $192K
Per-bed (high) $770K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 94 $6.9M $424K -487.3% 1.0% 8 2.20 86% 1,205 53
2022 94 $7.6M $1.6M -489.5% 3.4% 42 2.42 84% 862 44
2023 94 $8.4M $-2.1M -514.0% -4.3% 31 2.28 92% 623 57
2024 94 $10.1M $-2.5M -466.1% -4.5% 11 0.95 97% 648 74

Owners

OwnerRole%SinceType
Amy Smiley-Lenore w-2 managing employee 2017-08
Commonwealth Of Virginia
Richmond, VA
operational/managerial control 1968-01

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.