Texas Health Cleburne
Cleburne, Johnson County, TX
· CCN 450148
Licensed to Texas Health Harris Methodist Hospital Cleburne
Composite
57.6
rank score
Distress
48
FY2023
Fit
90
vs thesis
Estimated ticket
$32.0M–$128M
64 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- current ratio under 1.5
- debt above 85% of 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $80.1M |
| Operating margin | 0.5% |
| Total margin | 2.7% |
| Days cash on hand | 0 |
| Current ratio | 1.04 |
| Occupancy | 51% |
Facility
| Beds | 64 |
| 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 | 92 | $67.3M | $6.5M | -6.2% | 8.3% | 0 | 2.43 | 32% | 3,310 | 50 |
| 2021 | 75 | $77.2M | $-2.5M | -1.4% | -3.4% | 0 | 0.49 | 45% | 3,537 | 73 |
| 2022 | 75 | $84.9M | $7.5M | 0.1% | 8.1% | 0 | 1.02 | 51% | 3,158 | 46 |
| 2023 | 64 | $80.1M | $2.3M | 0.5% | 2.7% | 0 | 1.04 | 51% | 3,354 | 48 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Christopher Leu | w-2 managing employee | 100 | 2022-07 | |
| Andrew Masica | corporate officer | 2020-01 | ||
| Barclay Berdan | corporate officer | 2013-09 | ||
| Barclay Berdan | corporate director | 2006-01 | ||
| Brandon Pope | corporate officer | 2023-03 | ||
| Carla Dawson | corporate officer | 2018-01 | ||
| Carla Dawson | corporate director | 2018-01 | ||
| Christopher Lane | corporate officer | 2025-05 | ||
| Christopher Leu | corporate officer | 2022-07 | ||
| Christopher Leu | corporate director | 2022-07 | ||
| David Tesmer | corporate officer | 2018-01 | ||
| Deena Mcallister | corporate officer | 2019-01 | ||
| Ferdinand Velasco | corporate officer | 2019-01 | ||
| Gary Goldberg | corporate officer | 2017-10 | ||
| Hunter Hunt | corporate director | 2013-01 | ||
| Ignacio Nunez | corporate director | 2022-01 | ||
| Javier Iruegas | corporate director | 2024-01 | ||
| Jeffrey Mincher | corporate officer | 2022-06 | ||
| Jennifer Schroeder | corporate officer | 2023-01 | ||
| John Mitchell | corporate officer | 2018-01 | ||
| John Whitely | corporate officer | 2018-01 | ||
| Jon Scheele | corporate officer | 2024-08 | ||
| Joseph Sudomir | corporate officer | 2018-01 | ||
| Joshua Floren | corporate officer | 2022-06 | ||
| Kara Klement | corporate officer | 2025-05 |
Showing 25 of 48. Full list via /api/targets/450148.
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 |