Baylor Medical Center At Trophy Club
dba Baylor Scott & White Medical Center - Trophy Club ·
Trophy Club, Denton County, TX
· CCN 450883
Licensed to Trophy Club Medical Center, L.p
Composite
33.7
rank score
Distress
18
FY2023
Fit
64
vs thesis
Estimated ticket
$10.5M–$42.0M
21 beds ·
within envelope
Ownership
for-profit
ORD
Why it ranks here
- 90-150 days cash on hand
- occupancy below 30%
- margin deteriorating
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- very small facility
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $79.5M |
| Operating margin | 29.2% |
| Total margin | 29.4% |
| Days cash on hand | 100 |
| Current ratio | 3.08 |
| Occupancy | 17% |
Facility
| Beds | 21 |
| Facility type | ORD |
| 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 | 22 | $80.6M | $25.9M | 31.1% | 31.8% | 97 | 2.42 | 24% | 922 | 13 |
| 2021 | 22 | $88.1M | $34.7M | 35.5% | 37.9% | 75 | 2.65 | 18% | 622 | 19 |
| 2022 | 21 | $89.7M | $28.7M | 31.5% | 31.8% | 37 | 2.38 | 17% | 570 | 26 |
| 2023 | 21 | $79.5M | $23.4M | 29.2% | 29.4% | 100 | 3.08 | 17% | 542 | 18 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Thvg Park Cities Trophy Club Gp Llc | 5% or greater direct ownership interest | 51 | 2009-12 | |
| Baylor University Medical Center | 5% or greater indirect ownership interest | 26 | 1998-06 | |
| Usp North Texas Inc | 5% or greater direct ownership interest | 8 | 2009-09 | |
| Brandon Bays | corporate officer | 2024-05 | ||
| Brandon Bays | w-2 managing employee | 2024-05 | ||
| Donita Fleming | corporate officer | 2022-12 | ||
| Donita Fleming | corporate director | 2022-12 | ||
| Hcn Surgery Center Holdings Inc | 5% or greater indirect ownership interest | 2015-06 | ||
| Houston Northwest Partners Ltd | other | 2015-06 | ||
| Melissa Loving | corporate officer | 2023-07 | ||
| Melissa Loving | corporate director | 2023-07 | ||
| Melissa Loving | w-2 managing employee | 2023-07 | ||
| Tenet Healthcare Corporation | 5% or greater indirect ownership interest | 2015-06 | ||
| Texas Health Ventures Group Llc | 5% or greater indirect ownership interest | 2004-06 | ||
| Thvg Park Cities Trophy Club Gp Llc | operational/managerial control | 2005-07 | ||
| United Surgical Partners Holdings Inc | 5% or greater indirect ownership interest | 2004-06 | ||
| United Surgical Partners International Inc | 5% or greater indirect ownership interest | 2004-06 | ||
| Usp Domestic Holdings Inc | 5% or greater indirect ownership interest | 2004-03 | ||
| Usp North Texas Inc | 5% or greater indirect ownership interest | 2006-07 | ||
| Uspi Group Holdings Inc | 5% or greater indirect ownership interest | 2007-11 | ||
| Uspi Holding Company Inc | 5% or greater indirect ownership interest | 2016-06 | ||
| Uspi Holdings Inc | 5% or greater indirect ownership interest | 2007-11 | ||
| Vhs San Antonio Partners Llc | other | 2015-06 |
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 |
|---|---|---|---|---|
| 2018-03-01 | Baylor Scott & White Medical... | Tenet Frisco, Ltd. | Centennial Medical Center | 118 |