Southlake Speciality Hospital
dba Texas Health Harris Methodist Hospital Southlake ·
Southlake, Tarrant County, TX
· CCN 450888
Licensed to Southlake Specialty Hospital Llc
Composite
31.0
rank score
Distress
12
FY2023
Fit
64
vs thesis
Estimated ticket
$8.5M–$34.0M
17 beds ·
within envelope
Ownership
for-profit
ORD
Why it ranks here
- 90-150 days cash on hand
- occupancy below 30%
- 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 | $73.4M |
| Operating margin | 11.7% |
| Total margin | 18.3% |
| Days cash on hand | 92 |
| Current ratio | 1.96 |
| Occupancy | 9% |
Facility
| Beds | 17 |
| 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 | 17 | $61.6M | $10.7M | 13.0% | 16.6% | 80 | 3.21 | 16% | 599 | 19 |
| 2021 | 17 | $68.1M | $12.4M | 12.1% | 16.8% | 84 | 2.12 | 10% | 397 | 19 |
| 2022 | 17 | $65.4M | $10.0M | 8.9% | 14.4% | 65 | 2.12 | 7% | 298 | 19 |
| 2023 | 17 | $73.4M | $14.5M | 11.7% | 18.3% | 92 | 1.96 | 9% | 341 | 12 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Texas Health Resources | 5% or greater direct ownership interest | 54 | 2011-09 | |
| David Rothbart Md Pa | 5% or greater direct ownership interest | 9 | 2014-11 | |
| Bryan Bunderson | corporate officer | 2026-03 | ||
| Bryan Bunderson | w-2 managing employee | 2026-03 | ||
| Fraser Hay | corporate director | 2025-10 | ||
| Jeffrey Mincher | corporate officer | 2023-01 | ||
| John Mitchell | corporate director | 2025-10 | ||
| John Whitely | corporate officer | 2023-01 | ||
| John Whitely | corporate director | 2025-10 | ||
| Mitchell Mulvehill | corporate officer | 2025-10 | ||
| Monika Mathur | corporate director | 2025-10 | ||
| Phuong Luu | contracted managing employee | 2006-06 | ||
| Phuong Luu | corporate officer | 2006-06 | ||
| Texas Health Resources | operational/managerial control | 2023-01 |
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 |