Adventhealth Central Texas
Killeen, Bell County, TX
· CCN 450152
Licensed to Metroplex Adventist Hospital, Inc.
Composite
52.4
rank score
Distress
43
FY2023
Fit
78
vs thesis
Estimated ticket
$104M–$416M
208 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin under 2%
- 30-60 days cash on hand
- occupancy 30-45%
- margin deteriorating
- 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 at the top of the envelope — would need leverage
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $149M |
| Operating margin | -1.0% |
| Total margin | 1.6% |
| Days cash on hand | 55 |
| Current ratio | 2.21 |
| Occupancy | 39% |
Facility
| Beds | 208 |
| 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 | 208 | $117M | $6.4M | -2.3% | 5.0% | 173 | 1.73 | 36% | 6,492 | 21 |
| 2021 | 208 | $141M | $9.2M | 0.8% | 6.2% | 136 | 1.75 | 41% | 7,108 | 17 |
| 2022 | 208 | $139M | $-411K | -6.5% | -0.3% | 49 | 4.51 | 37% | 7,108 | 52 |
| 2023 | 208 | $149M | $2.4M | -1.0% | 1.6% | 55 | 2.21 | 39% | 7,108 | 43 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adventist Health System Sunbelt Healthcare Corporation | 5% or greater direct ownership interest | 68 | 2008-07 | chain |
| Scott & White Memorial Hospital | 5% or greater direct ownership interest | 32 | 2008-07 | |
| Abdul Subhani | corporate director | 2021-12 | ||
| Amanda Brady | corporate officer | 2020-02 | ||
| Beverly Morgan | corporate officer | 2025-08 | ||
| Christopher Olsen | corporate director | 2023-09 | ||
| David Connell | corporate director | 2016-10 | ||
| David Huffman | corporate officer | 2020-02 | ||
| Erin Parde | contracted managing employee | 2025-09 | ||
| Erin Parde | corporate officer | 2025-09 | ||
| Erin Parde | operational/managerial control | 2025-09 | ||
| Gordon Bates | corporate director | 2025-03 | ||
| Gregory Haralson | corporate director | 2024-03 | ||
| Haney Vincent | corporate officer | 2021-12 | ||
| Harry Papaconstantiou | corporate director | 2018-04 | ||
| Jeffrey Graff | corporate officer | 2020-03 | ||
| Jennifer Swenson | contracted managing employee | 2025-10 | ||
| Jennifer Swenson | corporate officer | 2025-10 | ||
| Jennifer Swenson | operational/managerial control | 2025-10 | ||
| Jesse Sutton | corporate officer | 2016-09 | ||
| Jesse Sutton | corporate director | 2016-09 | ||
| John Page | corporate director | 2016-06 | ||
| Lynn Addiscott | corporate officer | 2006-02 | ||
| Mary Kliewer | corporate director | 2006-01 | ||
| Michael Saunders | corporate officer | 2017-09 |
Showing 25 of 33. Full list via /api/targets/450152.
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 |