Memorial Hermann Hospital Sys
dba Memorial Hermann Hospital System ·
Houston, Harris County, TX
· CCN 450184
Licensed to Memorial Hermann Health System
Composite
16.6
rank score
Distress
30
FY2024
Fit
70
vs thesis
Estimated ticket
$705M–$2.8B
1,410 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- margin deteriorating sharply
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $2.3B |
| Operating margin | 6.1% |
| Total margin | 7.3% |
| Days cash on hand | 1 |
| Current ratio | 12.05 |
| Occupancy | 74% |
Facility
| Beds | 1,410 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 1,341 | $1.9B | $272M | 10.7% | 13.8% | 1 | 1.07 | 75% | 75,463 | 33 |
| 2022 | 1,374 | $2.0B | $188M | 6.2% | 9.1% | 0 | 1.19 | 72% | 75,203 | 26 |
| 2023 | 1,417 | $2.1B | $184M | 7.3% | 8.4% | 0 | 10.21 | 72% | 81,575 | 22 |
| 2024 | 1,410 | $2.3B | $171M | 6.1% | 7.3% | 1 | 12.05 | 74% | 84,586 | 30 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Memorial Hermann Health System | 5% or greater direct ownership interest | 100 | 2013-01 | |
| Memorial Hermann Health System | operational/managerial control | 100 | 2013-01 | |
| Charmaine Ferguson | w-2 managing employee | 2018-08 | ||
| Christophe Salcedo | corporate director | 2022-02 | ||
| David Callender | corporate officer | 2019-09 | ||
| David Callender | w-2 managing employee | 2019-09 | ||
| Donald Woo | other | 2020-01 | ||
| Edward Adams | corporate director | 2022-02 | ||
| Erin Asprec | w-2 managing employee | 2010-03 | ||
| Gary Petersen | corporate director | 2022-02 | ||
| Gary Sheppard | corporate director | 2022-02 | ||
| Greg Armstrong | corporate director | 2022-02 | ||
| Gregory Haralson | w-2 managing employee | 2017-02 | ||
| Jarvis Hollingsworth | corporate director | 2022-02 | ||
| Jay Schneider | other | 2020-01 | ||
| John Esquivel | corporate director | 2022-02 | ||
| John Graf | other | 2020-01 | ||
| Joshua Urban | w-2 managing employee | 2014-06 | ||
| Max Reynolds | corporate officer | 2025-06 | ||
| Monica Benton | corporate director | 2022-02 | ||
| Peter Huntsman | corporate director | 2016-01 | ||
| Richard Figueroa | corporate director | 2022-02 | ||
| Roland Garcia | corporate director | 2014-01 | ||
| Susan Sarofim | other | 2020-01 | ||
| Theresa Pappas | corporate officer | 2025-10 |
Showing 25 of 27. Full list via /api/targets/450184.
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 |