dealflow
envelope $200M

← Targets

Childress Regional Medical Center

Childress, Childress County, TX · CCN 450369
Licensed to Childress County Hospital District

Composite
37.6
rank score
Distress
32
FY2023
Fit
58
vs thesis
Estimated ticket
$3.7M–$7.4M
37 beds · within envelope
Ownership
government
STH

Why it ranks here

  • operating margin negative
  • occupancy below 30%
  • margin deteriorating sharply
  • TX: favorable regulatory climate
  • rural — cheaper but limited density
  • small but workable bed count
  • very small ticket — sub-scale as a platform asset
  • very low occupancy — limited volume to learn from
  • government-owned — public process likely

Latest financials · FY2023

Net patient revenue$38.5M
Operating margin -2.6%
Total margin 14.7%
Days cash on hand 414
Current ratio 6.14
Occupancy18%

Facility

Beds37
Facility typeSTH
Settingrural
Ownership classgovernment
Per-bed (low) $100K
Per-bed (high) $200K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 37 $31.8M $10.1M 3.0% 24.6% 208 3.80 16% 401 9
2021 37 $36.1M $15.1M 9.3% 31.6% 213 5.51 18% 445 9
2022 37 $37.8M $8.6M 5.1% 19.3% 153 2.55 16% 415 9
2023 37 $38.5M $6.8M -2.6% 14.7% 414 6.14 18% 517 32

Owners

OwnerRole%SinceType
Childress County Hospital District
Childress, TX
operational/managerial control 1986-12
Emilee Stratton corporate officer 2018-03
Emilee Stratton w-2 managing employee 2014-05
Holly Holcomb corporate officer 2021-05
Holly Holcomb w-2 managing employee 1996-04

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.

DateBuyerSellerHospitalBeds
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