Ennis Regional Medical Center
Ennis, Ellis County, TX
· CCN 450833
Licensed to Prhc Ennis Lp
Composite
64.8
rank score
Distress
83
FY2024
Fit
64
vs thesis
Estimated ticket
$4.1M–$8.3M
59 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 30-60 days cash on hand
- liabilities exceed assets
- occupancy below 30%
- 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
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $20.8M |
| Operating margin | -24.5% |
| Total margin | -21.5% |
| Days cash on hand | 30 |
| Current ratio | 8.80 |
| Occupancy | 4% |
Facility
| Beds | 59 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 60 | $18.5M | $1.0M | -20.8% | 4.4% | 0 | 0.76 | 8% | 547 | 83 |
| 2022 | 60 | $19.9M | $-1.9M | -12.5% | -9.5% | 0 | 1.01 | 6% | 465 | 90 |
| 2023 | 59 | $19.4M | $-1.8M | -11.4% | -9.1% | 0 | -0.50 | 5% | 431 | 100 |
| 2024 | 59 | $20.8M | $-4.6M | -24.5% | -21.5% | 30 | 8.80 | 4% | 336 | 83 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kindred Healthcare Operating Llc | operational/managerial control | 100 | 2021-12 | chain |
| Knight Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Health Ii, Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Healthcare New-A P, Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Healthcare New-A Sub, Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Healthcare New-A, Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Principal Hospital Company Of Nevada Llc | 5% or greater direct ownership interest | 99 | 2021-12 | |
| Principal Hospital Company Of Nevada Llc | limited partnership interest | 99 | 2021-12 | |
| Prhc-Ennis G.p., Inc | 5% or greater direct ownership interest | 1 | 2021-12 | |
| Prhc-Ennis G.p., Inc | general partnership interest | 1 | 2021-12 | |
| Alan Wenk | corporate officer | 2025-08 | ||
| Dana Rock | corporate officer | 2024-12 | ||
| Jacquelyn Davis | contracted managing employee | 2023-12 | ||
| Johnetta Traylor | corporate officer | 2024-12 | ||
| Mark Massey | contracted managing employee | 2024-01 | ||
| Michael Bean | corporate officer | 2022-01 | ||
| Russell Pigg | corporate director | 2025-05 | ||
| Scott Graeser | corporate officer | 2022-08 |
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 |