Scenic Mountain Medical Center
Big Spring, Howard County, TX
· CCN 450653
Licensed to Big Spring Texas Hospital Company Llc
Already transacted. CMS recorded an ownership change effective
2024-10-17. Confirm the current owner before spending a call on this.
Composite
17.0
rank score
Distress
47
FY2023
Fit
64
vs thesis
Estimated ticket
$7.5M–$15.0M
75 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- occupancy below 30%
- part of a multi-hospital chain — divestiture candidate
- TX: favorable regulatory climate
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
- changed ownership 2024-10-17 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $46.1M |
| Operating margin | 2.3% |
| Total margin | 4.6% |
| Days cash on hand | 0 |
| Current ratio | 0.61 |
| Occupancy | 10% |
Facility
| Beds | 75 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| 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 | 75 | $37.3M | $-1.1M | -18.0% | -2.7% | 0 | 1.13 | 24% | 1,625 | 81 |
| 2021 | 75 | $41.1M | $-4.0M | -11.9% | -9.5% | 0 | 1.51 | 22% | 1,630 | 83 |
| 2022 | 75 | $43.0M | $-2.1M | -8.5% | -4.7% | 0 | 1.22 | 14% | 1,149 | 77 |
| 2023 | 75 | $46.1M | $2.2M | 2.3% | 4.6% | 0 | 0.61 | 10% | 927 | 47 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Quincy Health Llc | 5% or greater indirect ownership interest | 100 | 2024-09 | |
| Quorum Health Corporation | 5% or greater indirect ownership interest | 100 | 2024-09 | chain |
| Quorum Health Investment Company Llc | 5% or greater direct ownership interest | 100 | 2024-09 | |
| Gtam Onshore Blocker 2 Llc | 5% or greater indirect ownership interest | 27 | 2024-09 | |
| Goldentree Distressed Master Fund Iii Ltd | 5% or greater indirect ownership interest | 21 | 2024-09 | |
| Goldentree Distressed Onshore Master Fund Iii Lp | 5% or greater indirect ownership interest | 16 | 2024-09 | |
| Goldentree Select Offshore Intermediate Fund Lp | 5% or greater indirect ownership interest | 10 | 2024-09 | |
| Goldentree Distressed Fund Iii (Cayman) Carry Lp | 5% or greater indirect ownership interest | 5 | 2024-09 | |
| Donald Esposito | corporate officer | 2024-09 | ||
| Donald Esposito | corporate director | 2024-09 | ||
| Henry Kunath | corporate officer | 2024-09 | ||
| Henry Kunath | corporate director | 2024-09 | ||
| Julie Manas | corporate officer | 2024-09 | ||
| Julie Manas | corporate director | 2024-09 | ||
| Laura Fey | corporate director | 2024-09 | ||
| Stacey Brown | contracted managing employee | 2024-10 | ||
| Steven Frantz | corporate officer | 2024-09 | ||
| Steven Frantz | corporate director | 2024-09 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-10-17 | change of ownership | Big Spring Texas Hospital Company Llc | Steward Texas Hospital Holdings 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 |