Willow Creek Behavioral Health
Green Bay, Brown County, WI
· CCN 524041
Licensed to Sbh-Green Bay Llc
Composite
58.5
rank score
Distress
58
FY2023
Fit
81
vs thesis
Estimated ticket
$16.8M–$67.3M
72 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin under 2%
- total margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of 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
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $19.0M |
| Operating margin | 0.9% |
| Total margin | 1.4% |
| Days cash on hand | 0 |
| Current ratio | 0.15 |
| Occupancy | 73% |
Facility
| Beds | 72 |
| 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 | 72 | $16.3M | $1.8M | 7.4% | 10.9% | 0 | 0.63 | 60% | 2,192 | 38 |
| 2021 | 72 | $16.1M | $2.1M | 5.6% | 12.4% | 0 | 0.65 | 64% | 2,210 | 36 |
| 2022 | 72 | $15.3M | $-247K | -2.0% | -1.6% | 0 | 1.62 | 59% | 2,018 | 59 |
| 2023 | 72 | $19.0M | $261K | 0.9% | 1.4% | 0 | 0.15 | 73% | 2,373 | 58 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brian Walton | corporate officer | 100 | 2026-03 | |
| Brian Walton | w-2 managing employee | 100 | 2026-03 | |
| James Hinkle | corporate officer | 100 | 2026-03 | |
| Sbhc Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Sperry Holdco Llc | 5% or greater indirect ownership interest | 100 | 2025-01 | |
| Summit Behavioral Healthcare Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Summit Behavioral Holdings I Llc | 5% or greater direct ownership interest | 100 | 2021-12 | |
| Summit Behavioral Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Psc Sperry Buyer Llc | 5% or greater indirect ownership interest | 96 | 2021-12 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.