Memorial Hermann Katy
dba Memorial Hermann Katy Hospital ·
Katy, TX
· CCN 450847
Licensed to Memorial Hermann Health System
Composite
51.5
rank score
Distress
38
FY2023
Fit
86
vs thesis
Estimated ticket
$98.0M–$392M
196 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $434M |
| Operating margin | 12.6% |
| Total margin | 13.5% |
| Days cash on hand | 0 |
| Current ratio | -13.93 |
| Occupancy | 86% |
Facility
| Beds | 196 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 | 208 | $297M | $55.4M | 15.0% | 18.0% | 1 | -0.21 | 65% | 13,468 | 36 |
| 2021 | 208 | $367M | $73.6M | 16.3% | 19.3% | 0 | -0.16 | 79% | 35,066 | 36 |
| 2022 | 196 | $381M | $54.8M | 13.3% | 14.2% | 0 | -3.26 | 80% | 9,263 | 36 |
| 2023 | 196 | $434M | $59.2M | 12.6% | 13.5% | 0 | -13.93 | 86% | 9,745 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Memorial Hermann Health System | 5% or greater direct ownership interest | 100 | 2001-07 | |
| Memorial Hermann Health System | operational/managerial control | 100 | 2001-07 | |
| Aileen Mccormick | other | 2025-01 | ||
| Alan Ytterberg | other | 2025-01 | ||
| Anne Clutterbuck | other | 2025-01 | ||
| Anne Taylor | other | 2025-01 | ||
| Caralisa Simon | other | 2025-01 | ||
| Charmaine Ferguson | w-2 managing employee | 2018-08 | ||
| David Callender | corporate officer | 2019-09 | ||
| David Callender | w-2 managing employee | 2019-09 | ||
| David Habachy | other | 2025-01 | ||
| Donald Woo | other | 2020-01 | ||
| Edward Adams | other | 2025-01 | ||
| Gary Sheppard | other | 2025-01 | ||
| Greg Armstrong | other | 2025-01 | ||
| Harry Pefanis | other | 2025-01 | ||
| Ira Flax | other | 2025-01 | ||
| Jarvis Hollingsworth | other | 2025-01 | ||
| Jay Schneider | other | 2020-01 | ||
| John Esquivel | other | 2025-01 | ||
| John Graf | other | 2020-01 | ||
| Kevin Brady | other | 2025-01 | ||
| Max Reynolds | corporate officer | 2025-01 | ||
| Max Reynolds | w-2 managing employee | 2025-01 | ||
| Monica Benton | other | 2025-01 |
Showing 25 of 31. Full list via /api/targets/450847.
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 |