St Joseph Medical Center
dba St. Joseph Medical Center ·
Houston, Harris County, TX
· CCN 450035
Licensed to Hsa St. Joseph, Llc
Already transacted. CMS recorded an ownership change effective
2024-10-30. Confirm the current owner before spending a call on this.
Composite
27.2
rank score
Distress
90
FY2023
Fit
93
vs thesis
Estimated ticket
$54.6M–$218M
156 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current liabilities exceed current assets
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating sharply
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- for-profit — no charitable conversion review
- changed ownership 2024-10-30 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $201M |
| Operating margin | -18.5% |
| Total margin | -18.3% |
| Days cash on hand | 0 |
| Current ratio | 0.87 |
| Occupancy | 60% |
Facility
| Beds | 156 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 181 | $182M | $-21.7M | -25.0% | -10.5% | 0 | 0.77 | 76% | 10,414 | 91 |
| 2021 | 181 | $234M | $1.9M | -10.2% | 0.7% | 0 | 1.06 | 86% | 10,701 | 68 |
| 2022 | 185 | $243M | $-6.1M | -6.2% | -2.4% | 0 | 1.07 | 62% | 9,194 | 67 |
| 2023 | 156 | $201M | $-36.8M | -18.5% | -18.3% | 0 | 0.87 | 60% | 8,061 | 90 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Healthcare Systems Of America -Texas Llc | 5% or greater direct ownership interest | 100 | 2024-10 | |
| Mike Sarian | 5% or greater indirect ownership interest | 100 | 2024-10 | |
| Aimee Gill | contracted managing employee | 2024-10 | ||
| Aimee Gill | operational/managerial control | 2024-10 | ||
| Healthcare Systems Of America | 5% or greater indirect ownership interest | 2024-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-10-30 | change of ownership | Hsa St. Joseph, Llc | Sj Medical Center Llc |
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 |