dealflow
envelope $200M

← Targets

Baylor S&w Medical Center - Irving

dba Baylor Scott & White Medical Center - Irving · Irving, TX · CCN 450079
Licensed to Baylor Medical Center At Irving

Composite
58.8
rank score
Distress
55
FY2024
Fit
85
vs thesis
Estimated ticket
$114M–$457M
269 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin below -10%
  • under 30 days cash on hand
  • 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
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$271M
Operating margin -10.1%
Total margin 15.1%
Days cash on hand 0
Current ratio 5.53
Occupancy62%

Facility

Beds269
Facility typeSTH
Settingurban
Ownership classnonprofit
Per-bed (low) $425K
Per-bed (high) $1.7M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 204 $208M $100M -9.9% 30.5% 0 2.72 72% 10,126 44
2022 205 $235M $-28.4M -15.9% -11.7% 0 4.46 78% 11,790 67
2023 205 $245M $19.6M -12.8% 6.6% 0 5.74 75% 11,517 50
2024 269 $271M $53.1M -10.1% 15.1% 0 5.53 62% 12,679 55

Owners

OwnerRole%SinceType
Amy Wilson operational/managerial control 2023-03
Baylor Health Care System
Dallas, TX
operational/managerial control 2008-01
Baylor Scott & White Health
Temple, TX
operational/managerial control 2014-03
Baylor Scott & White Holdings
Dallas, TX
other 2014-03
Cindy Schamp w-2 managing employee 2008-07
Cindy Schamp operational/managerial control 2008-07
Harry Dugger corporate director 2019-07
Jeff Schmeltekopf corporate director 2016-07
Justin Meier operational/managerial control 2023-02
Lisa Hultz corporate director 2022-07
Marissa Hernandez corporate director 2021-03
Pamela Linton corporate director 2024-07
Rodrick Robinson corporate director 2020-10
Stephen Roussel w-2 managing employee 2016-06
Stephen Roussel operational/managerial control 2016-06
Timothy Owens corporate director 2024-07
Wendy Hermes operational/managerial control 2023-07

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.

DateBuyerSellerHospitalBeds
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