Harlingen Medical Center
Harlingen, Cameron County, TX
· CCN 450855
Licensed to Harlingen Medical Center Limited Partnership
Composite
57.4
rank score
Distress
38
FY2023
Fit
96
vs thesis
Estimated ticket
$56.0M–$224M
112 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating
- 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
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $122M |
| Operating margin | 5.6% |
| Total margin | 6.2% |
| Days cash on hand | 1 |
| Current ratio | -18.42 |
| Occupancy | 76% |
Facility
| Beds | 112 |
| 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 | 112 | $101M | $10.0M | -0.5% | 8.9% | 6 | 1.54 | 67% | 3,754 | 38 |
| 2021 | 112 | $105M | $-2.7M | -6.0% | -2.5% | 3 | 1.05 | 67% | 5,196 | 60 |
| 2022 | 112 | $111M | $885K | -0.4% | 0.8% | 2 | 0.69 | 67% | 5,616 | 59 |
| 2023 | 112 | $122M | $7.6M | 5.6% | 6.2% | 1 | -18.42 | 76% | 6,391 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Prime Healthcare Services, Inc | limited partnership interest | 68 | 2011-12 | chain |
| Kasp Trust | 5% or greater indirect ownership interest | 68 | 2011-12 | |
| Prime Healthcare Holdings Inc | 5% or greater indirect ownership interest | 68 | 2011-12 | |
| Prime Healthcare Services, Inc | 5% or greater indirect ownership interest | 68 | 2011-12 | chain |
| Prime Healthcare Services, Inc | other | 68 | 2011-12 | chain |
| Prime Healthcare Services-Harlingen Llc | 5% or greater direct ownership interest | 64 | 2011-12 | |
| Prime Healthcare Services-Harlingen Llc | limited partnership interest | 64 | 2011-12 | |
| Valley Baptist Service Corporation | 5% or greater direct ownership interest | 32 | 2009-05 | |
| Valley Baptist Service Corporation | limited partnership interest | 32 | 2009-05 | |
| Prime Healthcare Services-Harlingen Manage | 5% or greater direct ownership interest | 3 | 2011-12 | |
| Prime Healthcare Services-Harlingen Manage | general partnership interest | 3 | 2011-12 | |
| Candida Constantine-Castillo | corporate officer | 2022-02 | ||
| Candida Constantine-Castillo | corporate director | 2022-02 | ||
| Candida Constantine-Castillo | w-2 managing employee | 2022-02 | ||
| Christopher Doan | corporate officer | 2017-09 | ||
| Steven Aleman | other | 2020-06 |
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 |