Hendrick Medical Center
Abilene, Taylor County, TX
· CCN 450229
Licensed to Hendrick Medical Center
Composite
13.8
rank score
Distress
17
FY2024
Fit
67
vs thesis
Estimated ticket
$266M–$1.1B
533 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- 30-60 days cash on hand
- occupancy 45-60%
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $785M |
| Operating margin | 4.2% |
| Total margin | 25.9% |
| Days cash on hand | 57 |
| Current ratio | 2.61 |
| Occupancy | 58% |
Facility
| Beds | 533 |
| 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 | 558 | $568M | $137M | 0.9% | 19.6% | 26 | 1.66 | 53% | 20,310 | 39 |
| 2022 | 599 | $663M | $97.6M | 1.7% | 12.4% | 23 | 1.59 | 49% | 21,583 | 31 |
| 2023 | 599 | $710M | $179M | 4.8% | 20.9% | 50 | 2.46 | 48% | 22,518 | 19 |
| 2024 | 533 | $785M | $263M | 4.2% | 25.9% | 57 | 2.61 | 58% | 24,728 | 17 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bradlee Holland | corporate officer | 2019-01 | ||
| Bradlee Holland | w-2 managing employee | 2019-01 | ||
| Cathy Ashby | corporate director | 2009-01 | ||
| David Grooms | corporate director | 2024-01 | ||
| Evan Harris | corporate director | 2022-01 | ||
| Jeremy Walker | corporate officer | 2013-09 | ||
| Jeremy Walker | w-2 managing employee | 2013-09 | ||
| Lanny Vinson | corporate director | 2012-01 | ||
| Larry Smith | corporate director | 2012-01 | ||
| Leigh Black | corporate director | 2021-01 | ||
| Mark Nix | corporate director | 2019-01 | ||
| Matthew Higgins | corporate director | 2022-01 | ||
| Michael Woodard | corporate director | 2011-01 | ||
| Paul Waldrop | corporate director | 2016-01 | ||
| Randy Lloyd | corporate director | 2017-01 | ||
| Richard Darden | corporate director | 2020-01 | ||
| Richard Flores | corporate director | 2022-01 | ||
| Richard Waldraff | corporate director | 2021-01 | ||
| Scott Hibbs | corporate director | 2013-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-10-27 | acquisition/merger | Hendrick Medical Center | Armc Lp |
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 |