Oakbend Medical Center
Richmond, Fort Bend County, TX
· CCN 450330
Licensed to Oakbend Medical Center
Composite
66.3
rank score
Distress
78
FY2023
Fit
78
vs thesis
Estimated ticket
$55.3M–$221M
158 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- debt above 70% of assets
- occupancy below 30%
- 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
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $143M |
| Operating margin | -12.3% |
| Total margin | -6.9% |
| Days cash on hand | 19 |
| Current ratio | 2.19 |
| Occupancy | 20% |
Facility
| Beds | 158 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 158 | $134M | $4.1M | -13.5% | 2.6% | 51 | 2.81 | 33% | 3,811 | 54 |
| 2021 | 158 | $147M | $-2.3M | -8.0% | -1.5% | 63 | 2.56 | 33% | 3,294 | 50 |
| 2022 | 158 | $140M | $-8.9M | -12.5% | -6.0% | 22 | 2.47 | 23% | 2,706 | 76 |
| 2023 | 158 | $143M | $-10.4M | -12.3% | -6.9% | 19 | 2.19 | 20% | 2,692 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Joseph Freudenberger | w-2 managing employee | 100 | 2012-09 | |
| Jeffrey Hammel | corporate director | 2017-04 | ||
| Jeffrey Hammel | w-2 managing employee | 2017-04 | ||
| Joseph Freudenberger | corporate director | 2007-10 | ||
| Oakbend Medical Center | operational/managerial control | 2007-10 |
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 |