University Medical Center
Lubbock, Lubbock County, TX
· CCN 450686
Licensed to Lubbock County Hospital District
Composite
15.8
rank score
Distress
28
FY2023
Fit
67
vs thesis
Estimated ticket
$211M–$844M
422 beds ·
over envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- margin slipping
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $706M |
| Operating margin | -27.4% |
| Total margin | 8.8% |
| Days cash on hand | 180 |
| Current ratio | 5.11 |
| Occupancy | 71% |
Facility
| Beds | 422 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 479 | $539M | $71.8M | -31.3% | 9.2% | 230 | 3.84 | 68% | 17,572 | 28 |
| 2021 | 472 | $594M | $101M | -27.5% | 11.8% | 263 | 9.29 | 71% | 21,082 | 28 |
| 2022 | 450 | $626M | $67.9M | -33.8% | 7.5% | 126 | 6.41 | 71% | 23,260 | 32 |
| 2023 | 422 | $706M | $86.6M | -27.4% | 8.8% | 180 | 5.11 | 71% | 21,084 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amy Eade | w-2 managing employee | 2021-01 | ||
| Darren Payne | corporate director | 2025-01 | ||
| Gary Greenstreet | corporate director | 2018-01 | ||
| Gladys Whitten | corporate director | 2020-01 | ||
| Jason Medina | corporate director | 2023-01 | ||
| Jeffrey Dane | corporate director | 2002-04 | ||
| Karen Veselsky | corporate officer | 2024-10 | ||
| Laura Vinson | corporate director | 2021-01 | ||
| Lubbock County Hospital District | operational/managerial control | 1978-06 | ||
| Mikella Newsom | corporate director | 2024-01 | ||
| Minor Funderburk | corporate director | 2018-01 | ||
| Mont Mcclendon | corporate director | 2021-01 | ||
| Phillip Waldmann | corporate officer | 2019-01 | ||
| Steven Maddux | corporate director | 2024-04 |
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 |