The Medical Ctr Of Southeast Texas
dba Medical Center Of South East Texas ·
Port Arthur, Jefferson County, TX
· CCN 450518
Licensed to Hsa Port Arthur, Llc
Already transacted. CMS recorded an ownership change effective
2024-10-30. Confirm the current owner before spending a call on this.
Composite
25.5
rank score
Distress
88
FY2023
Fit
84
vs thesis
Estimated ticket
$68.6M–$274M
196 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- current ratio below 0.8
- occupancy below 30%
- margin deteriorating sharply
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
- changed ownership 2024-10-30 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $127M |
| Operating margin | -19.1% |
| Total margin | -17.3% |
| Days cash on hand | — |
| Current ratio | 0.57 |
| Occupancy | 27% |
Facility
| Beds | 196 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 185 | $124M | $1.3M | -7.6% | 0.9% | 0 | 0.63 | 42% | 6,159 | 67 |
| 2021 | 188 | $142M | $8.4M | 5.2% | 5.9% | 0 | 1.21 | 43% | 6,164 | 31 |
| 2022 | 196 | $131M | $1.3M | -4.1% | 1.0% | 0 | 3.25 | 35% | 5,150 | 47 |
| 2023 | 196 | $127M | $-22.4M | -19.1% | -17.3% | — | 0.57 | 27% | 4,368 | 88 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Healthcare Systems Of America -Texas Llc | 5% or greater direct ownership interest | 100 | 2024-10 | |
| Mike Sarian | 5% or greater indirect ownership interest | 100 | 2024-10 | |
| Aimee Gill | operational/managerial control | 2024-10 | ||
| Healthcare Systems Of America | 5% or greater indirect ownership interest | 2024-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-10-30 | change of ownership | Hsa Port Arthur, Llc | The Medical Center Of... |
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 |