Cascade Behavioral Health
Tukwila, King County, WA · CCN 504011
Composite
56.3
rank score
Distress
50
FY2023
Fit
84
vs thesis
Estimated ticket
$32.0M–$128M
137 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $12.5M |
| Operating margin | -34.6% |
| Total margin | 23.5% |
| Days cash on hand | 4 |
| Current ratio | 3.75 |
| Occupancy | 36% |
Facility
| Beds | 137 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 137 | $40.7M | $2.3M | 5.6% | 5.5% | 0 | 2.00 | 87% | 2,686 | 22 |
| 2021 | 137 | $36.3M | $-5.7M | -15.7% | -15.7% | 0 | 1.18 | 71% | 2,388 | 70 |
| 2022 | 137 | $26.8M | $-11.8M | -44.2% | -44.0% | 0 | 2.53 | 45% | 2,016 | 83 |
| 2023 | 137 | $12.5M | $5.3M | -34.6% | 23.5% | 4 | 3.75 | 36% | 1,081 | 50 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 WA
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 |
|---|---|---|---|---|
| 2018-09-01 | Lourdes Hospital Llc | Our Lady Of Lourdes Health Center | Lourdes Counseling Center | 22 |