Dallas Medical Center
Dallas, Dallas County, TX
· CCN 450379
Licensed to Dallas Medical Center Llc
Composite
78.8
rank score
Distress
97
FY2023
Fit
88
vs thesis
Estimated ticket
$41.6M–$167M
119 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 30-45%
- 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
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $51.9M |
| Operating margin | -18.2% |
| Total margin | -10.9% |
| Days cash on hand | 2 |
| Current ratio | 0.17 |
| Occupancy | 31% |
Facility
| Beds | 119 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 119 | $45.1M | $12.1M | -30.2% | 17.1% | 6 | 0.34 | 21% | 2,118 | 83 |
| 2021 | 119 | $40.1M | $-6.4M | -38.3% | -13.1% | 9 | 0.31 | 19% | 1,764 | 100 |
| 2022 | 119 | $34.1M | $-15.5M | -55.5% | -41.2% | 10 | 0.13 | 14% | 1,561 | 100 |
| 2023 | 119 | $51.9M | $-6.0M | -18.2% | -10.9% | 2 | 0.17 | 31% | 3,259 | 97 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Prime Healthcare Holdings Inc | 5% or greater indirect ownership interest | 100 | 2012-09 | |
| Prime Healthcare Services - Dallas I, Llc | 5% or greater direct ownership interest | 100 | 2012-09 | |
| Prime Healthcare Services, Inc | 5% or greater indirect ownership interest | 100 | 2012-09 | |
| Christopher Doan | corporate officer | 2013-04 | ||
| Dallas Medical Center Llc | operational/managerial control | 2009-12 | ||
| Dallas Sv Health Care, Llc | 5% or greater direct ownership interest | 2010-03 | ||
| Michael Metts | corporate officer | 2022-09 | ||
| Michael Metts | w-2 managing employee | 2022-09 | ||
| Prime Healthcare Services - Dallas I, Llc | operational/managerial control | 2012-09 | ||
| Prime Healthcare Services, Inc | operational/managerial control | 2012-09 | ||
| Ruben Garza | corporate officer | 2019-06 | ||
| Ruben Garza | corporate director | 2019-06 | ||
| Ruben Garza | w-2 managing employee | 2019-06 | ||
| Steven Aleman | other | 2020-06 |
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 |