Citizens Medical Center
Victoria, Victoria County, TX
· CCN 450023
Licensed to Citizens Medical Center County Of Victoria
Composite
53.0
rank score
Distress
52
FY2024
Fit
74
vs thesis
Estimated ticket
$122M–$486M
286 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- 60-90 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size at the top of the envelope — would need leverage
- thin occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $183M |
| Operating margin | -12.6% |
| Total margin | 1.4% |
| Days cash on hand | 67 |
| Current ratio | 2.49 |
| Occupancy | 31% |
Facility
| Beds | 286 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 286 | $154M | $15.1M | -5.6% | 8.5% | 180 | 3.21 | 30% | 6,666 | 31 |
| 2022 | 286 | $159M | $7.0M | -9.9% | 3.8% | 130 | 3.88 | 28% | 6,221 | 47 |
| 2023 | 286 | $174M | $-4.8M | -12.3% | -2.5% | 131 | 2.80 | 28% | 6,780 | 49 |
| 2024 | 286 | $183M | $2.8M | -12.6% | 1.4% | 67 | 2.49 | 31% | 6,906 | 52 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Duane Woods | corporate officer | 100 | 2016-09 | |
| Citizens Medical Center County Of Victoria | 5% or greater direct ownership interest | 1966-07 | ||
| Michael Olson | corporate director | 2012-08 | ||
| Michael Olson | operational/managerial control | 2012-08 |
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 |