Baylor University Medical Ctr
Dallas, Dallas County, TX
· CCN 450021
Licensed to Baylor University Medical Center
Composite
17.7
rank score
Distress
36
FY2024
Fit
70
vs thesis
Estimated ticket
$400M–$1.6B
800 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- margin deteriorating sharply
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $1.4B |
| Operating margin | 0.7% |
| Total margin | 30.1% |
| Days cash on hand | 0 |
| Current ratio | 7.61 |
| Occupancy | 94% |
Facility
| Beds | 800 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 844 | $1.1B | $630M | -0.3% | 37.3% | 0 | 1.96 | 80% | 35,532 | 38 |
| 2022 | 844 | $1.1B | $343M | -6.8% | 22.5% | 0 | 6.14 | 83% | 34,205 | 44 |
| 2023 | 800 | $1.3B | $441M | 0.4% | 26.0% | 0 | 8.06 | 90% | 34,841 | 29 |
| 2024 | 800 | $1.4B | $582M | 0.7% | 30.1% | 0 | 7.61 | 94% | 36,383 | 36 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amy Wilson | corporate director | 2023-03 | ||
| Baylor Health Care System | operational/managerial control | 2008-09 | ||
| Baylor Scott & White Health | operational/managerial control | 2008-09 | ||
| Baylor Scott & White Holdings | other | 2014-03 | ||
| Harry Dugger | corporate director | 2019-07 | ||
| Jason Whitfield | w-2 managing employee | 2008-12 | ||
| Jason Whitfield | operational/managerial control | 2008-12 | ||
| Jeff Schmeltekopf | corporate director | 2016-07 | ||
| Justin Meier | operational/managerial control | 2023-02 | ||
| Kyle Armstrong | w-2 managing employee | 2022-04 | ||
| Kyle Armstrong | operational/managerial control | 2022-04 | ||
| Lisa Hultz | corporate director | 2022-07 | ||
| Marissa Hernandez | corporate director | 2021-03 | ||
| Pamela Linton | corporate director | 2024-07 | ||
| Rodrick Robinson | corporate director | 2016-07 | ||
| Timothy Owens | corporate director | 2024-07 |
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 TX
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 |
|---|---|---|---|---|
| 2025-02-01 | Texas Heart Hospital Of The Southwest Llc | Baylor Heart & Vascular Center Llp | Baylor Heart And Vascular Hospital | 56 |
| 2024-10-30 | Hsa Port Arthur, Llc | The Medical Center Of Southeast Texas Lp | The Medical Ctr Of Southeast Texas | 196 |
| 2024-10-30 | Hsa St. Joseph, Llc | Sj Medical Center Llc | St Joseph Medical Center | 156 |
| 2024-10-17 | Big Spring Texas Hospital Company Llc | Steward Texas Hospital Holdings Llc | Scenic Mountain Medical Center | 75 |
| 2024-10-17 | Odessa Texas Hospital Company Llc | Odessa Regional Hospital Lp | Odessa Regional Hospital | 208 |
| 2024-06-01 | Columbia Medical Center Of Denton... | Decatur Health Services Llc | Medical City Denton | 184 |
| 2024-03-11 | Nacogdoches County Hospital District | Lion Star Nacogdoches Hospital, Llc | Nacogdoches Memorial Hosp | 160 |
| 2024-01-01 | Ahs Sherman Llc | Sherman Grayson Hospital Llc | Wilson N Jones Regional Medical Ctr | 214 |
| 2023-04-01 | Methodist Healthcare System Of San... | Hill Country Memorial Hospital | Hill Country Memorial Hospital | 57 |
| 2021-06-01 | Methodist Hospitals Of Dallas | Metsl, Llc | Methodist Southlake Medical Center | 22 |
| 2020-10-27 | Hendrick Medical Center | Armc Lp | Hendrick Medical Center | 533 |
| 2020-10-27 | Hendrick Medical Center Brownwood | Brownwood Hospital Lp | Hendrick Medical Center Brownwood | 63 |
| 2020-07-01 | St Joseph Regional Health Center | St Joseph Regional Health Center | St. Joseph Regional Health Center | 284 |
| 2020-04-01 | Christus Santa Rosa Health Care Corporation | Adventist Health System/sunbelt, Inc. | Christus Santa Rosa - San Marcos | 105 |
| 2020-03-01 | Sana Healthcare Carrollton | Baylor Medical Center At Carrollton | Carrollton Regional Medical Center | 89 |