Bellin Psychiatric Center Inc.
Green Bay, Brown County, WI · CCN 524038
Composite
63.2
rank score
Distress
79
FY2023
Fit
69
vs thesis
Estimated ticket
$8.7M–$34.6M
45 beds ·
within envelope
Ownership
nonprofit
PH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- 30-60 days cash on hand
- current ratio below 0.8
- debt above 70% of assets
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- small ticket — deploys little of the available capital
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $28.6M |
| Operating margin | -11.5% |
| Total margin | -4.3% |
| Days cash on hand | 42 |
| Current ratio | 0.41 |
| Occupancy | 53% |
Facility
| Beds | 45 |
| Facility type | PH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 80 | $34.8M | $9.8M | 24.0% | 27.0% | 65 | 0.58 | 33% | 1,927 | 33 |
| 2021 | 80 | $28.6M | $1.3M | -1.3% | 4.4% | 40 | 0.55 | 38% | 2,131 | 51 |
| 2022 | 45 | $28.0M | $-2.8M | -10.4% | -10.0% | 34 | 0.42 | 55% | 1,859 | 81 |
| 2023 | 45 | $28.6M | $-1.3M | -11.5% | -4.3% | 42 | 0.41 | 53% | 1,779 | 79 |
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.