El Campo Memorial Hospital
El Campo, Wharton County, TX
· CCN 450694
Licensed to El Campo Memorial Hospital
Composite
59.6
rank score
Distress
72
FY2023
Fit
68
vs thesis
Estimated ticket
$1.8M–$3.6M
26 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 30-45%
- margin deteriorating sharply
- TX: favorable regulatory climate
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $28.7M |
| Operating margin | -75.5% |
| Total margin | 6.5% |
| Days cash on hand | 0 |
| Current ratio | 0.64 |
| Occupancy | 37% |
Facility
| Beds | 26 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 26 | $26.5M | $14.5M | 10.1% | 37.9% | 60 | 1.05 | 41% | 904 | 19 |
| 2021 | 26 | $33.2M | $15.5M | -0.7% | 31.7% | 3 | 1.43 | 50% | 1,012 | 43 |
| 2022 | 26 | $31.2M | $11.4M | -7.9% | 25.2% | 1 | 1.00 | 34% | 739 | 53 |
| 2023 | 26 | $28.7M | $3.5M | -75.5% | 6.5% | 0 | 0.64 | 37% | 754 | 72 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brett Kirkham | corporate director | 2023-10 | ||
| Brett Kirkham | w-2 managing employee | 2023-10 | ||
| David Mak | corporate director | 2017-08 | ||
| David Mak | w-2 managing employee | 2017-08 | ||
| El Campo Memorial Hospital | 5% or greater direct ownership interest | 2014-04 | ||
| El Campo Memorial Hospital | operational/managerial control | 2014-04 | ||
| Julie Strnadel | corporate director | 2021-01 | ||
| Rachel Cutrer | corporate director | 2020-11 | ||
| Randy Clapp | corporate officer | 2011-11 |
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 |