Ut Health East Texas Henderson Hospi
Henderson, Rusk County, TX
· CCN 450475
Licensed to Henderson Hospital Llc
Composite
52.7
rank score
Distress
46
FY2023
Fit
80
vs thesis
Estimated ticket
$20.5M–$82.0M
41 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- margin deteriorating
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- small but workable bed count
- ticket size somewhat below the envelope
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $44.8M |
| Operating margin | 9.9% |
| Total margin | 10.4% |
| Days cash on hand | 13 |
| Current ratio | 0.07 |
| Occupancy | 21% |
Facility
| Beds | 41 |
| 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 | 41 | $46.3M | $6.8M | 12.9% | 14.4% | 4 | 0.27 | 30% | 1,323 | 44 |
| 2021 | 41 | $44.7M | $4.1M | 7.1% | 9.0% | 2 | 1.65 | 34% | 1,365 | 28 |
| 2022 | 41 | $44.3M | $8.2M | 9.5% | 17.7% | 4 | 0.23 | 32% | 1,256 | 41 |
| 2023 | 41 | $44.8M | $4.7M | 9.9% | 10.4% | 13 | 0.07 | 21% | 1,044 | 46 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ahp Health Partners, Inc | 5% or greater indirect ownership interest | 100 | 2018-03 | |
| Ahs East Texas Health System, Llc | 5% or greater direct ownership interest | 100 | 2018-03 | |
| Ahs Texas, Llc | 5% or greater indirect ownership interest | 100 | 2019-01 | |
| Ardent Health Inc | 5% or greater indirect ownership interest | 100 | 2018-03 | |
| Ardent Legacy Holdings Llc | 5% or greater indirect ownership interest | 100 | 2018-03 | |
| Donald Baker | corporate officer | 100 | 2021-09 | |
| Donald Baker | w-2 managing employee | 100 | 2021-09 | |
| Ahs Management Company Inc. | operational/managerial control | 2018-03 | ||
| Martin Bonick | corporate officer | 2020-08 | ||
| Mary Crabtree | corporate officer | 2018-03 | ||
| Stephen Petrovich | corporate officer | 2018-03 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2018-03-01 | change of ownership | Henderson Hospital Llc | East Texas Medical Center Henderson |
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 |