Shannon Medical Center
San Angelo, Tom Green County, TX
· CCN 450571
Licensed to Shannon Medical Center
Composite
32.8
rank score
Distress
0
FY2023
Fit
82
vs thesis
Estimated ticket
$34.0M–$68.0M
340 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- TX: favorable regulatory climate
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $643M |
| Operating margin | 12.9% |
| Total margin | 14.7% |
| Days cash on hand | 509 |
| Current ratio | 10.89 |
| Occupancy | 68% |
Facility
| Beds | 340 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 352 | $419M | $50.6M | 10.8% | 11.7% | 541 | 12.59 | 52% | 13,590 | 2 |
| 2021 | 403 | $559M | $79.4M | 9.2% | 13.5% | 430 | 13.13 | 59% | 15,376 | 2 |
| 2022 | 404 | $611M | $82.4M | 12.6% | 13.4% | 468 | 14.69 | 56% | 16,401 | 2 |
| 2023 | 340 | $643M | $96.2M | 12.9% | 14.7% | 509 | 10.89 | 68% | 17,183 | 0 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Shannon Health System | 5% or greater direct ownership interest | 100 | 1995-04 | |
| Shannon West Texas Memorial Hospital | 5% or greater indirect ownership interest | 100 | 1995-04 | |
| Amado Castillo | corporate director | 2021-10 | ||
| Freddy Moore | corporate director | 2020-06 | ||
| James Boyd | corporate director | 2021-10 | ||
| Jeffrey Mccormick | corporate director | 2020-10 | ||
| John Cecil | corporate director | 2007-10 | ||
| Joseph Wooldridge | corporate officer | 2019-05 | ||
| Joseph Wooldridge | w-2 managing employee | 2019-05 | ||
| Kelly Plymell | corporate officer | 2017-01 | ||
| Kelly Plymell | corporate director | 2017-01 | ||
| Kelly Plymell | w-2 managing employee | 2017-01 | ||
| Leonard Mertz | corporate director | 1998-01 | ||
| Martha Visney | corporate director | 2021-10 | ||
| Michael Oliphant | corporate director | 2007-08 | ||
| Michael Weatherford | corporate director | 2017-01 | ||
| Oran Berry | corporate director | 2004-01 | ||
| Ross Harper | corporate director | 2022-10 | ||
| Rudy Haddad | corporate director | 2025-10 | ||
| William Griffis | corporate director | 2020-10 |
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 |