Graham Regional Medical Center
Graham, Young County, TX
· CCN 450085
Licensed to Graham Hospital District
Composite
38.1
rank score
Distress
33
FY2023
Fit
58
vs thesis
Estimated ticket
$2.5M–$5.0M
25 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- occupancy below 30%
- 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 | $17.6M |
| Operating margin | -25.9% |
| Total margin | 10.7% |
| Days cash on hand | 183 |
| Current ratio | 4.78 |
| Occupancy | 5% |
Facility
| Beds | 25 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $15.1M | $307K | -47.9% | 1.2% | 202 | 1.27 | 17% | 455 | 43 |
| 2021 | 25 | $18.8M | $3.3M | -28.2% | 11.5% | 184 | 1.90 | 23% | 491 | 37 |
| 2022 | 25 | $18.3M | $1.2M | -27.5% | 5.0% | 197 | 2.58 | 14% | 316 | 37 |
| 2023 | 25 | $17.6M | $2.6M | -25.9% | 10.7% | 183 | 4.78 | 5% | 130 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Graham Hospital District | 5% or greater direct ownership interest | 100 | 2014-02 | |
| Christie Wainscott | corporate director | 2018-01 | ||
| Christie Wainscott | w-2 managing employee | 2018-01 | ||
| Curtis Rojas | operational/managerial control | 2015-11 | ||
| Robert Kernell | corporate director | 2016-02 | ||
| Robert Kernell | w-2 managing employee | 2016-02 | ||
| Robert Lonis | corporate director | 2022-01 | ||
| Robert Lonis | w-2 managing employee | 2022-01 | ||
| Sharon Hilliard | corporate director | 2018-01 | ||
| Sharon Hilliard | w-2 managing employee | 2018-01 |
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 |