Lubbock Heart Hospital
Lubbock, Lubbock County, TX
· CCN 450876
Licensed to Lubbock Heart Hospital, Llc
Composite
56.2
rank score
Distress
46
FY2023
Fit
84
vs thesis
Estimated ticket
$36.5M–$146M
73 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- 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
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $99.6M |
| Operating margin | 3.4% |
| Total margin | 3.6% |
| Days cash on hand | 1 |
| Current ratio | -0.38 |
| Occupancy | 20% |
Facility
| Beds | 73 |
| 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 | 73 | $92.0M | $8.0M | 6.0% | 8.4% | 81 | -1.23 | 27% | 2,156 | 32 |
| 2021 | 73 | $103M | $8.5M | 7.8% | 8.3% | 52 | -0.86 | 24% | 1,694 | 39 |
| 2022 | 73 | $104M | $5.6M | 2.6% | 5.2% | 3 | -0.36 | 22% | 1,639 | 44 |
| 2023 | 73 | $99.6M | $3.6M | 3.4% | 3.6% | 1 | -0.38 | 20% | 1,580 | 46 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sgry Holdings, Lp | 5% or greater indirect ownership interest | 79 | 2023-09 | |
| Sgry, Llc | 5% or greater indirect ownership interest | 79 | 2023-09 | |
| Sp Holdco I Inc | 5% or greater indirect ownership interest | 79 | 2023-09 | |
| Surgery Center Holdings Inc | 5% or greater indirect ownership interest | 79 | 2023-09 | chain |
| Surgery Center Holdings Llc | 5% or greater indirect ownership interest | 79 | 2023-09 | |
| Surgery Partners Inc | 5% or greater indirect ownership interest | 79 | 2023-09 | |
| Symbion Holdings Llc | 5% or greater indirect ownership interest | 78 | 2023-09 | |
| Bcpe Seminole Holdings Ii Intermediate Lp | 5% or greater indirect ownership interest | 18 | 2023-12 | |
| Psc Development Company Llc | 5% or greater direct ownership interest | 17 | 2015-04 | |
| Bcpe Seminole Holdings, Lp | 5% or greater indirect ownership interest | 7 | 2023-12 | |
| Jennifer Baldock | corporate officer | 2014-11 | ||
| Phillip Desmond | corporate officer | 2025-06 | ||
| Phillip Desmond | w-2 managing employee | 2025-06 | ||
| Sp Management Services Inc | operational/managerial control | 2012-06 |
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 |