Nacogdoches Memorial Hosp
dba Nchd Memorial Hospital ·
Nacogdoches, Nacogdoches County, TX
· CCN 450508
Licensed to Nacogdoches County Hospital District
Already transacted. CMS recorded an ownership change effective
2024-03-11. Confirm the current owner before spending a call on this.
Composite
23.8
rank score
Distress
96
FY2024
Fit
62
vs thesis
Estimated ticket
$11.2M–$22.4M
160 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 liabilities exceed current assets
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- TX: favorable regulatory climate
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- government-owned — public process likely
- changed ownership 2024-03-11 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $26.6M |
| Operating margin | -59.9% |
| Total margin | -19.9% |
| Days cash on hand | 0 |
| Current ratio | 0.82 |
| Occupancy | 15% |
Facility
| Beds | 160 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 120 | $60.4M | $-502K | -31.8% | -0.6% | 24 | 0.92 | 44% | 3,485 | 83 |
| 2022 | 160 | $54.4M | $773K | -30.3% | 1.1% | 1 | 1.47 | 31% | 3,021 | 70 |
| 2023 | 160 | $62.5M | $818K | -21.5% | 1.1% | 1 | 1.11 | 26% | 2,821 | 77 |
| 2024 | 160 | $26.6M | $-7.1M | -59.9% | -19.9% | 0 | 0.82 | 15% | 1,824 | 96 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Lynn Lindsey | w-2 managing employee | 100 | 2024-03 | |
| Rhonda Mccabe | corporate officer | 100 | 2024-03 | |
| Rhonda Mccabe | w-2 managing employee | 2024-03 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-03-11 | change of ownership | Nacogdoches County Hospital District | Lion Star Nacogdoches 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 |