Inland Northwest Behavioral Health
Spokane, WA
· CCN 504014
Licensed to Spokane Behavioral Health Llc
Composite
53.5
rank score
Distress
36
FY2024
Fit
88
vs thesis
Estimated ticket
$27.5M–$110M
100 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- under 30 days cash on hand
- liabilities exceed 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 somewhat below the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $30.0M |
| Operating margin | 2.7% |
| Total margin | 3.3% |
| Days cash on hand | 0 |
| Current ratio | 2.58 |
| Occupancy | 70% |
Facility
| Beds | 100 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 100 | $25.4M | $1.8M | 6.6% | 7.2% | 0 | 1.79 | 68% | 2,156 | 33 |
| 2022 | 100 | $24.7M | $590K | 2.3% | 2.4% | 0 | 1.87 | 60% | 1,923 | 36 |
| 2023 | 100 | $26.0M | $-618K | -2.5% | -2.4% | 0 | 3.60 | 63% | 2,184 | 57 |
| 2024 | 100 | $30.0M | $994K | 2.7% | 3.3% | 0 | 2.58 | 70% | 2,374 | 36 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Behavioral Healthcare Llc | 5% or greater indirect ownership interest | 100 | 2016-09 | |
| Bhc Holdings Inc | 5% or greater indirect ownership interest | 100 | 2016-09 | |
| Daniel Getz | corporate director | 100 | 2024-01 | |
| Kerry Knott | corporate director | 100 | 2024-01 | |
| Providence St. Joseph Health | 5% or greater indirect ownership interest | 100 | 2016-09 | |
| Psychiatric Solutions, Inc. | 5% or greater indirect ownership interest | 100 | 2016-09 | |
| Shelah Adams | corporate director | 100 | 2024-01 | |
| Steve Filton | contracted managing employee | 100 | 2016-09 | |
| Steve Filton | operational/managerial control | 100 | 2016-09 | |
| Susan Stacey | corporate director | 100 | 2024-01 | |
| Tamara Sheehan | corporate director | 100 | 2024-01 | |
| Uhs Of Delaware Inc | operational/managerial control | 100 | 2016-09 | chain |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 100 | 2016-09 | |
| Alan Miller | 5% or greater indirect ownership interest | 86 | 2022-03 | |
| Bhc Fairfax Hospital Inc | 5% or greater direct ownership interest | 80 | 2016-09 | |
| James Coleman | contracted managing employee | 50 | 2018-10 | |
| Providence Health & Services | 5% or greater direct ownership interest | 20 | 2016-09 | |
| Rlynn Wickel | contracted managing employee | 2021-06 | ||
| Rlynn Wickel | corporate officer | 2021-06 | ||
| Troy Cherry | contracted managing employee | 2018-03 | ||
| Troy Cherry | corporate officer | 2018-03 |
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 |