Medical City Mckinney
Mckinney, Collin County, TX
· CCN 450403
Licensed to Columbia Medical Center Of Mckinney Subsidiary Lp
Composite
53.6
rank score
Distress
40
FY2024
Fit
89
vs thesis
Estimated ticket
$103M–$412M
206 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- liabilities exceed assets
- margin deteriorating sharply
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $338M |
| Operating margin | 3.3% |
| Total margin | 3.5% |
| Days cash on hand | 0 |
| Current ratio | 2.23 |
| Occupancy | 89% |
Facility
| Beds | 206 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 152 | $252M | $22.0M | 10.3% | 8.9% | 0 | 1.63 | 98% | 12,476 | 33 |
| 2022 | 166 | $272M | $15.9M | 5.7% | 5.8% | 0 | 2.02 | 101% | 13,578 | 33 |
| 2023 | 166 | $302M | $-751K | -0.4% | -0.2% | 0 | 2.00 | 100% | 14,874 | 57 |
| 2024 | 206 | $338M | $11.9M | 3.3% | 3.5% | 0 | 2.23 | 89% | 15,988 | 40 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Columbia-Sdh Holdings Inc | 5% or greater indirect ownership interest | 100 | 2007-05 | |
| Hca Healthcare Inc | 5% or greater indirect ownership interest | 100 | 2011-08 | |
| Hca Inc | 5% or greater indirect ownership interest | 100 | 2007-05 | |
| Healthtrust Inc - The Hospital Company | 5% or greater indirect ownership interest | 100 | 2007-05 | |
| Columbia North Texas Healthcare System Lp | limited partnership interest | 100 | 2007-05 | |
| Hca Squared Llc | 5% or greater indirect ownership interest | 27 | 2011-10 | |
| Hospital Corp Llc | 5% or greater indirect ownership interest | 27 | 2011-08 | |
| Hca Health Services Of Texas Inc | 5% or greater indirect ownership interest | 21 | 2011-08 | |
| Healthserv Acquisition Llc | 5% or greater indirect ownership interest | 21 | 2011-08 | |
| Galtex Llc | 5% or greater indirect ownership interest | 20 | 2016-06 | |
| Medical City Dallas Hospital Inc | 5% or greater indirect ownership interest | 20 | 2016-06 | |
| Frisco Holding Ii | 5% or greater indirect ownership interest | 16 | 2026-02 | |
| Hercules Holding Ii | 5% or greater indirect ownership interest | 14 | 2026-02 | |
| Brownsville-Valley Regional Medical Center, Inc | 5% or greater indirect ownership interest | 6 | 2011-08 | |
| Hti Hospital Holdings Inc | 5% or greater indirect ownership interest | 6 | 2011-08 | |
| Sa Medical Center Inc | 5% or greater indirect ownership interest | 5 | 2011-08 | |
| Notco, Llc | 5% or greater indirect ownership interest | 5 | 2011-08 | |
| Columbia North Texas Healthcare System Lp | 5% or greater indirect ownership interest | 0 | 2007-05 | |
| Columbia North Texas Subsidiary Gp Llc | general partnership interest | 0 | 2007-05 | |
| Eric Smith | w-2 managing employee | 2021-03 | ||
| Mark Deno | corporate officer | 2024-08 | ||
| Mark Deno | w-2 managing employee | 2024-08 | ||
| Renee Sturgeon | corporate officer | 2022-09 | ||
| Renee Sturgeon | w-2 managing employee | 2022-09 |
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 |