Houston Healthcare Medical Center
dba Hca Houston Healthcare Medical Center ·
Houston, TX
· CCN 450659
Licensed to Houston - Pph, Llc
Composite
74.2
rank score
Distress
78
FY2024
Fit
93
vs thesis
Estimated ticket
$54.6M–$218M
156 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $233M |
| Operating margin | -10.7% |
| Total margin | -8.9% |
| Days cash on hand | 0 |
| Current ratio | 2.58 |
| Occupancy | 53% |
Facility
| Beds | 156 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 147 | $133M | $-9.0M | -8.6% | -6.6% | 0 | 2.09 | 36% | 3,792 | 73 |
| 2022 | 147 | $146M | $-9.1M | -8.3% | -6.1% | 0 | 2.57 | 40% | 4,091 | 73 |
| 2023 | 147 | $170M | $-14.4M | -11.0% | -8.2% | 1 | 1.86 | 47% | 4,438 | 80 |
| 2024 | 156 | $233M | $-21.2M | -10.7% | -8.9% | 0 | 2.58 | 53% | 5,342 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Columbia/hca Of Houston, Inc | 5% or greater indirect ownership interest | 100 | 2017-05 | |
| Hca Healthcare Inc | 5% or greater indirect ownership interest | 100 | 2017-05 | |
| Hca Inc | 5% or greater indirect ownership interest | 100 | 2017-05 | chain |
| Healthtrust Inc - The Hospital Company | 5% or greater indirect ownership interest | 100 | 2017-05 | |
| Houston Healthcare Holdings, Inc | 5% or greater direct ownership interest | 100 | 2017-05 | |
| Hti Hospital Holdings Inc | 5% or greater indirect ownership interest | 25 | 2017-05 | |
| Women's Hospital Indianapolis, L.p. | 5% or greater indirect ownership interest | 18 | 2017-05 | |
| Indianapolis Hospital Partner, Llc | 5% or greater indirect ownership interest | 18 | 2017-05 | |
| Frisco Holding Ii | 5% or greater indirect ownership interest | 16 | 2026-02 | |
| Hercules Holding Ii | 5% or greater indirect ownership interest | 14 | 2017-05 | |
| Hca Health Services Of Texas Inc | 5% or greater indirect ownership interest | 11 | 2017-05 | |
| Healthserv Acquisition Llc | 5% or greater indirect ownership interest | 11 | 2017-05 | |
| Columbia Hospital Corporation - Delaware | 5% or greater indirect ownership interest | 6 | 2017-05 | |
| Columbia Hospital Corporation Of West Houston | 5% or greater indirect ownership interest | 6 | 2017-05 | |
| Hca Squared Llc | 5% or greater indirect ownership interest | 5 | 2017-05 | |
| Hospital Corp Llc | 5% or greater indirect ownership interest | 5 | 2017-05 | |
| Ella Stenstrom | corporate officer | 2025-12 | ||
| Ella Stenstrom | w-2 managing employee | 2025-12 | ||
| Eric Smith | contracted managing employee | 2021-03 | ||
| Robert Sabina | corporate officer | 2024-12 | ||
| Robert Sabina | w-2 managing employee | 2024-12 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2017-08-01 | change of ownership | Houston - Pph, Llc | Th Healthcare ,ltd. |
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 |