St. Lukes The Woodlands Hospital
dba St Lukes The Woodlands Hospital ·
The Woodlands, Montgomery County, TX
· CCN 450862
Licensed to St. Luke's Community Health Services
Composite
62.8
rank score
Distress
59
FY2024
Fit
86
vs thesis
Estimated ticket
$99.0M–$396M
233 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin negative
- 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 at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $330M |
| Operating margin | -1.4% |
| Total margin | -0.4% |
| Days cash on hand | 0 |
| Current ratio | -2.81 |
| Occupancy | 64% |
Facility
| Beds | 233 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 220 | $283M | $10.2M | 0.4% | 3.5% | 2 | 2.70 | 72% | 12,140 | 29 |
| 2022 | 220 | $299M | $-10.3M | -4.2% | -3.4% | 1 | 2.62 | 76% | 13,164 | 50 |
| 2023 | 220 | $303M | $-4.9M | -5.1% | -1.6% | 1 | 1.53 | 68% | 12,704 | 52 |
| 2024 | 233 | $330M | $-1.4M | -1.4% | -0.4% | 0 | -2.81 | 64% | 14,515 | 59 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Commonspirit Health | 5% or greater indirect ownership interest | 100 | 2023-06 | |
| St Lukes Health Clinical Operations | 5% or greater indirect ownership interest | 100 | 2012-01 | |
| St. Lukes Health System Corporation | 5% or greater indirect ownership interest | 100 | 2003-03 | chain |
| Brad Beers | corporate director | 2010-01 | ||
| Brooks Bass | corporate director | 2021-06 | ||
| David Strickler | corporate officer | 2017-10 | ||
| David Strickler | w-2 managing employee | 2017-10 | ||
| David Strickler | operational/managerial control | 2017-10 | ||
| Demetress Harrell | corporate officer | 2021-06 | ||
| Doug Lawson | corporate officer | 2018-03 | ||
| Doug Lawson | corporate director | 2018-03 | ||
| Doug Lawson | w-2 managing employee | 2018-03 | ||
| Frank Ashley | corporate director | 2021-06 | ||
| Gary Whitlock | corporate director | 2009-06 | ||
| Indira Anupindi | corporate officer | 2021-06 | ||
| James Parisi | corporate officer | 2018-01 | ||
| James Parisi | corporate director | 2018-01 | ||
| James Parisi | w-2 managing employee | 2018-01 | ||
| Jane Ainsworth | corporate director | 2021-06 | ||
| Michael Steines | corporate director | 2024-03 | ||
| Robert Upchurch | corporate director | 2021-06 | ||
| St. Lukes Health System Corporation | operational/managerial control | 2003-03 | chain |
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 |