Harris Health System
dba Harris Health ·
Bellaire, Harris County, TX
· CCN 450289
Licensed to Harris County Hospital District
Composite
16.3
rank score
Distress
31
FY2023
Fit
67
vs thesis
Estimated ticket
$298M–$1.2B
595 beds ·
over envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- margin deteriorating
- 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
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $754M |
| Operating margin | -202.5% |
| Total margin | 10.0% |
| Days cash on hand | 162 |
| Current ratio | 4.34 |
| Occupancy | 89% |
Facility
| Beds | 595 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| 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 | 634 | $695M | $323M | -157.7% | 14.9% | 222 | 4.11 | 61% | 23,804 | 28 |
| 2022 | 580 | $812M | $294M | -150.8% | 12.6% | 221 | 5.64 | 70% | 22,580 | 28 |
| 2023 | 595 | $754M | $252M | -202.5% | 10.0% | 162 | 4.34 | 89% | 30,715 | 31 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anthony Williams | corporate officer | 100 | 2022-01 | |
| Anthony Williams | w-2 managing employee | 100 | 2022-01 | |
| Anthony Williams | operational/managerial control | 100 | 2022-01 | |
| Carolynn Jones | corporate officer | 100 | 2007-03 | |
| Carolynn Jones | w-2 managing employee | 100 | 2007-03 | |
| Carolynn Jones | operational/managerial control | 100 | 2007-03 | |
| Esmaeil Porsa | corporate officer | 100 | 2020-03 | |
| Esmaeil Porsa | w-2 managing employee | 100 | 2020-03 | |
| Esmaeil Porsa | operational/managerial control | 100 | 2020-03 | |
| Harris County Hospital District | 5% or greater direct ownership interest | 100 | 1966-07 | |
| Harris County Hospital District | operational/managerial control | 100 | 1966-07 | |
| Julie Rabat-Torki | corporate director | 100 | 2017-05 | |
| Julie Rabat-Torki | w-2 managing employee | 100 | 2017-05 | |
| Louis Smith | corporate officer | 100 | 2021-05 | |
| Louis Smith | w-2 managing employee | 100 | 2021-05 | |
| Louis Smith | operational/managerial control | 100 | 2021-05 | |
| Victoria Nikitin | corporate officer | 100 | 2022-03 | |
| Victoria Nikitin | w-2 managing employee | 100 | 2022-03 | |
| Victoria Nikitin | operational/managerial control | 100 | 2022-03 |
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 |