Hendrick Medical Center Brownwood
Brownwood, TX
· CCN 450587
Licensed to Hendrick Medical Center Brownwood
Composite
39.6
rank score
Distress
23
FY2024
Fit
73
vs thesis
Estimated ticket
$6.3M–$12.6M
63 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio under 1.5
- TX: favorable regulatory climate
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $127M |
| Operating margin | 9.8% |
| Total margin | 14.5% |
| Days cash on hand | 1 |
| Current ratio | 1.24 |
| Occupancy | 64% |
Facility
| Beds | 63 |
| 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 | 65 | $90.8M | $9.4M | 4.0% | 9.7% | 0 | 0.80 | 45% | 2,568 | 48 |
| 2021 | 65 | $66.3M | $7.9M | 8.1% | 11.4% | 1 | 2.76 | 56% | 2,612 | 32 |
| 2022 | 57 | $105M | $18.8M | 13.9% | 17.2% | 3 | 0.36 | 58% | 2,817 | 38 |
| 2023 | 57 | $115M | $20.6M | 15.6% | 17.6% | 3 | 1.27 | 54% | 2,763 | 28 |
| 2024 | 63 | $127M | $19.4M | 9.8% | 14.5% | 1 | 1.24 | 64% | 3,707 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hendrick Medical Center | 5% or greater direct ownership interest | 100 | 2020-10 | |
| David Grooms | corporate director | 2024-01 | ||
| Erich Wallschlaeger | corporate officer | 2020-10 | ||
| Jory Lee | corporate officer | 2022-08 | ||
| Krista Baty | corporate officer | 2020-10 | ||
| Krista Baty | w-2 managing employee | 2020-10 | ||
| Lanny Vinson | corporate director | 2025-01 | ||
| Leigh Black | corporate director | 2022-01 | ||
| Michael Woodard | corporate director | 2026-01 | ||
| Randy Lloyd | corporate director | 2022-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-10-27 | change of ownership | Hendrick Medical Center Brownwood | Brownwood Hospital Lp |
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 |