Carrollton Regional Medical Center
Carrollton, Denton County, TX
· CCN 450730
Licensed to Sana Healthcare Carrollton
Composite
62.8
rank score
Distress
64
FY2023
Fit
85
vs thesis
Estimated ticket
$37.8M–$151M
89 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- occupancy 30-45%
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $81.1M |
| Operating margin | -6.7% |
| Total margin | 2.5% |
| Days cash on hand | 10 |
| Current ratio | 0.77 |
| Occupancy | 35% |
Facility
| Beds | 89 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 89 | $39.1M | $635K | -6.4% | 1.5% | 0 | 1.33 | 49% | 1,541 | 64 |
| 2021 | 89 | $67.6M | $10.7M | -13.3% | 12.3% | 60 | 2.02 | 43% | 2,979 | 50 |
| 2022 | 89 | $73.0M | $816K | -14.0% | 1.0% | 27 | 1.36 | 35% | 2,926 | 70 |
| 2023 | 89 | $81.1M | $2.2M | -6.7% | 2.5% | 10 | 0.77 | 35% | 3,039 | 64 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Krishna Surapaneni | 5% or greater direct ownership interest | 100 | 2020-03 | |
| Krishna Surapaneni | w-2 managing employee | 100 | 2020-03 | |
| Krishna Surapaneni | operational/managerial control | 100 | 2020-03 | |
| Caleb Orear | w-2 managing employee | 2025-09 | ||
| John Keefe | operational/managerial control | 2020-03 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-03-01 | change of ownership | Sana Healthcare Carrollton | Baylor Medical Center At Carrollton |
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 |