Rolling Plains Memorial Hospital
Sweetwater, Nolan County, TX
· CCN 450055
Licensed to Rolling Plains Memorial Hospital
Composite
61.5
rank score
Distress
85
FY2023
Fit
58
vs thesis
Estimated ticket
$2.8M–$5.6M
40 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 30-60 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- margin deteriorating sharply
- TX: favorable regulatory climate
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $25.8M |
| Operating margin | -85.6% |
| Total margin | -17.7% |
| Days cash on hand | 51 |
| Current ratio | 0.52 |
| Occupancy | 24% |
Facility
| Beds | 40 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 39 | $23.1M | $-2.7M | -73.2% | -6.8% | 206 | 0.58 | 27% | 917 | 67 |
| 2021 | 39 | $28.7M | $3.9M | -57.9% | 7.8% | 131 | 0.80 | 36% | 983 | 47 |
| 2022 | 39 | $28.7M | $-1.4M | -66.0% | -3.0% | 103 | 0.75 | 30% | 859 | 63 |
| 2023 | 40 | $25.8M | $-7.2M | -85.6% | -17.7% | 51 | 0.52 | 24% | 778 | 85 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Douglas Dippel | corporate director | 2020-05 | ||
| Douglas Dippel | w-2 managing employee | 2020-05 | ||
| Jeffrey Kaller | corporate director | 2025-12 | ||
| Jeffrey Kaller | w-2 managing employee | 2025-12 | ||
| Rolling Plains Memorial Hospital | operational/managerial control | 2010-08 | ||
| Sarah Jones | corporate director | 2025-12 | ||
| Sarah Jones | w-2 managing employee | 2025-12 |
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 |