Medical City Las Colinas
Irving, Dallas County, TX
· CCN 450822
Licensed to Columbia Medical Center Of Las Colinas Inc
Composite
58.0
rank score
Distress
42
FY2023
Fit
93
vs thesis
Estimated ticket
$40.0M–$160M
80 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating sharply
- 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 · FY2023
| Net patient revenue | $108M |
| Operating margin | 5.1% |
| Total margin | 5.6% |
| Days cash on hand | 0 |
| Current ratio | 1.70 |
| Occupancy | 58% |
Facility
| Beds | 80 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 84 | $105M | $15.6M | 14.5% | 14.8% | 0 | 1.37 | 70% | 5,794 | 37 |
| 2021 | 84 | $121M | $22.8M | 18.4% | 18.7% | 0 | 1.64 | 78% | 5,719 | 33 |
| 2022 | 84 | $125M | $25.6M | 20.0% | 20.3% | 0 | 1.69 | 68% | 5,675 | 33 |
| 2023 | 80 | $108M | $6.0M | 5.1% | 5.6% | 0 | 1.70 | 58% | 4,437 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hca Healthcare Inc | 5% or greater indirect ownership interest | 100 | 2011-09 | |
| Hca Inc | 5% or greater indirect ownership interest | 100 | 2007-04 | chain |
| Healthserv Acquisition Llc | 5% or greater indirect ownership interest | 100 | 2006-11 | |
| Healthtrust Inc - The Hospital Company | 5% or greater indirect ownership interest | 100 | 2007-04 | |
| Frisco Holding Ii | 5% or greater indirect ownership interest | 16 | 2026-02 | |
| Hercules Holding Ii | 5% or greater indirect ownership interest | 14 | 2026-02 | |
| Allen Harrison | corporate officer | 2025-09 | ||
| Brad Spicer | corporate officer | 2023-01 | ||
| Christina Mathis | corporate officer | 2025-03 | ||
| Christina Mathis | w-2 managing employee | 2025-03 | ||
| Christopher Wyatt | corporate officer | 2016-04 | ||
| Christopher Wyatt | corporate director | 2016-04 | ||
| Deborah Mullin | corporate officer | 2010-01 | ||
| Douglas Downey | corporate officer | 2014-04 | ||
| Edwin Robinson | corporate officer | 2025-09 | ||
| Eric Smith | contracted managing employee | 2021-03 | ||
| Erol Akdamar | corporate officer | 2013-10 | ||
| Henry Maxwell | corporate officer | 2025-09 | ||
| Jaime Derensis | corporate officer | 2020-11 | ||
| Jeffery Mcinturff | corporate officer | 2021-11 | ||
| John Franck | corporate officer | 2007-04 | ||
| John Franck | corporate director | 2007-04 | ||
| John Hackett | corporate officer | 2016-04 | ||
| John Starling | corporate officer | 2019-10 | ||
| Jon Foster | corporate officer | 2011-09 |
Showing 25 of 44. Full list via /api/targets/450822.
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 |