Odessa Regional Hospital
dba Odessa Regional Medical Center ·
Odessa, Ector County, TX
· CCN 450661
Licensed to Odessa 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
20.2
rank score
Distress
60
FY2023
Fit
72
vs thesis
Estimated ticket
$17.7M–$35.4M
208 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin negative
- total margin -8% to -3%
- under 30 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- TX: favorable regulatory climate
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- thin occupancy
- for-profit — no charitable conversion review
- changed ownership 2024-10-17 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $143M |
| Operating margin | -4.2% |
| Total margin | -3.4% |
| Days cash on hand | 0 |
| Current ratio | 1.76 |
| Occupancy | 32% |
Facility
| Beds | 208 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 197 | $134M | $21.0M | 9.1% | 14.8% | 0 | 0.95 | 37% | 5,375 | 37 |
| 2021 | 222 | $150M | $13.0M | 7.0% | 8.5% | 0 | 1.25 | 38% | 5,737 | 31 |
| 2022 | 208 | $150M | $-6.5M | -6.0% | -4.2% | 0 | 1.24 | 37% | 5,633 | 66 |
| 2023 | 208 | $143M | $-4.8M | -4.2% | -3.4% | 0 | 1.76 | 32% | 5,100 | 60 |
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 | |
| Secure Health, Inc/claims Network, Llc | 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 Quorum Health Offshore I Ltd | 5% or greater indirect ownership interest | 14 | 2024-09 | |
| Goldentree Quorum Health Offshore Ii Ltd | 5% or greater indirect ownership interest | 12 | 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 | Odessa Texas Hospital Company Llc | Odessa Regional 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 |