Wilson N Jones Regional Medical Ctr
dba Ahs Sherman Medical Center ·
Sherman, Grayson County, TX
· CCN 450469
Licensed to Ahs Sherman Llc
Already transacted. CMS recorded an ownership change effective
2024-01-01. Confirm the current owner before spending a call on this.
Composite
17.2
rank score
Distress
41
FY2023
Fit
77
vs thesis
Estimated ticket
$107M–$428M
214 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio under 1.5
- liabilities exceed assets
- occupancy below 30%
- 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
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
- changed ownership 2024-01-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $67.6M |
| Operating margin | 37.9% |
| Total margin | 40.4% |
| Days cash on hand | 4 |
| Current ratio | 1.10 |
| Occupancy | 15% |
Facility
| Beds | 214 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 214 | $62.0M | $1.5M | 0.5% | 2.4% | 15 | 0.28 | 26% | 4,344 | 62 |
| 2021 | 214 | $36.8M | $17.1M | -36.0% | 25.4% | 14 | 0.53 | 27% | 3,839 | 83 |
| 2022 | 214 | $38.4M | $-17.9M | -53.6% | -43.8% | 0 | 0.30 | 23% | 3,398 | 100 |
| 2023 | 214 | $67.6M | $28.5M | 37.9% | 40.4% | 4 | 1.10 | 15% | 2,045 | 41 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| American Healthcare Systems Corp Inc | 5% or greater direct ownership interest | 100 | 2023-07 | |
| Mike Sarian | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Jonathan Burket | corporate officer | 2023-01 | ||
| Jonathan Burket | w-2 managing employee | 2023-01 | ||
| Mike Sarian | corporate officer | 2023-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-01-01 | change of ownership | Ahs Sherman Llc | Sherman Grayson Hospital Llc |
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 |