Knapp Medical Center
dba Knapp Medical Center ·
Weslaco, Hidalgo County, TX
· CCN 450128
Licensed to Knapp Medical Center
Composite
54.5
rank score
Distress
37
FY2023
Fit
90
vs thesis
Estimated ticket
$77.0M–$308M
154 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin slipping
- part of a multi-hospital chain — divestiture candidate
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $109M |
| Operating margin | 7.5% |
| Total margin | 11.9% |
| Days cash on hand | 0 |
| Current ratio | -17.73 |
| Occupancy | 46% |
Facility
| Beds | 154 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 186 | $94.7M | $15.3M | -4.9% | 13.3% | 7 | 1.72 | 41% | 6,229 | 43 |
| 2021 | 186 | $95.7M | $1.9M | -6.4% | 1.8% | 4 | 1.27 | 39% | 5,145 | 57 |
| 2022 | 162 | $97.9M | $4.1M | -0.9% | 3.9% | 5 | 1.76 | 44% | 5,846 | 43 |
| 2023 | 154 | $109M | $13.6M | 7.5% | 11.9% | 0 | -17.73 | 46% | 5,856 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Prime Healthcare Foundation Inc | 5% or greater direct ownership interest | 100 | 2013-01 | |
| Prime Healthcare Foundation Inc | operational/managerial control | 100 | 2013-01 | |
| Rene Lopez | corporate officer | 100 | 2016-04 | |
| Rene Lopez | w-2 managing employee | 100 | 2016-04 | |
| Christopher Doan | corporate officer | 2017-04 | ||
| Daniel Farray-Berges | corporate director | 2023-01 | ||
| Lester Surrock | corporate officer | 2023-11 | ||
| Lester Surrock | w-2 managing employee | 2023-11 | ||
| Pedro Mcdougal | corporate director | 2023-01 | ||
| Prime Healthcare Services, Inc | operational/managerial control | 2013-01 | chain | |
| Ramiro Caballero | corporate director | 2023-01 | ||
| Rene Lopez | corporate director | 2016-04 | ||
| Ronald Blanco-Quant | corporate director | 2023-01 | ||
| Rudy Salinas-Mondeagen | corporate director | 2023-01 | ||
| Steven Aleman | corporate officer | 2020-06 |
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 |