Brownfield Regional Medical Center
Brownfield, Terry County, TX
· CCN 450399
Licensed to Terry Memorial Hospital District
Composite
57.9
rank score
Distress
77
FY2023
Fit
58
vs thesis
Estimated ticket
$1.8M–$3.6M
26 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- occupancy below 30%
- margin deteriorating
- 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 | $12.1M |
| Operating margin | -67.4% |
| Total margin | -12.2% |
| Days cash on hand | 6 |
| Current ratio | 1.03 |
| Occupancy | 12% |
Facility
| Beds | 26 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 26 | $8.7M | $-1.3M | -93.0% | -8.3% | 400 | 1.79 | 13% | 321 | 53 |
| 2021 | 26 | $11.0M | $1.3M | -73.4% | 6.3% | 241 | 1.45 | 22% | 461 | 40 |
| 2022 | 26 | $10.0M | $-5.8M | -106.6% | -37.9% | 69 | 1.47 | 17% | 399 | 67 |
| 2023 | 26 | $12.1M | $-2.2M | -67.4% | -12.2% | 6 | 1.03 | 12% | 409 | 77 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brian Paiva | corporate director | 2015-06 | ||
| Charles Nave | corporate director | 2022-06 | ||
| Joe Silva | corporate director | 2010-05 | ||
| June Cooper | corporate director | 2015-06 | ||
| Justin Hesse | corporate director | 2022-10 | ||
| Kyle Barnett | corporate director | 2026-02 | ||
| Kyle Barnett | w-2 managing employee | 2026-02 | ||
| Sue Cottrell | corporate director | 2016-06 | ||
| Sylvia Dingus | corporate director | 2015-06 | ||
| Terry Memorial Hospital District | operational/managerial control | 2008-05 | ||
| Whitney Wilson | corporate director | 2023-10 | ||
| Whitney Wilson | w-2 managing employee | 2023-10 |
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 |