Texas Institute For Surgery At Pres
dba Texas Institute For Surgery At Presbyterian Hospital Dallas ·
Dallas, Dallas County, TX
· CCN 450889
Licensed to Texas Institute For Surgery, Llp
Composite
34.4
rank score
Distress
23
FY2023
Fit
60
vs thesis
Estimated ticket
$4.5M–$18.0M
9 beds ·
within envelope
Ownership
for-profit
ORD
Why it ranks here
- 30-60 days cash on hand
- occupancy below 30%
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $82.7M |
| Operating margin | 26.2% |
| Total margin | 27.2% |
| Days cash on hand | 54 |
| Current ratio | 4.59 |
| Occupancy | 18% |
Facility
| Beds | 9 |
| 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 | 9 | $63.7M | $14.6M | 20.4% | 22.3% | 62 | 5.17 | 29% | 479 | 19 |
| 2021 | 9 | $72.3M | $19.3M | 23.4% | 25.9% | 76 | 4.03 | 28% | 307 | 19 |
| 2022 | 9 | $76.5M | $19.4M | 24.6% | 25.2% | 65 | 3.81 | 21% | 348 | 19 |
| 2023 | 9 | $82.7M | $22.9M | 26.2% | 27.2% | 54 | 4.59 | 18% | 303 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Texas Health Presbyterian Hospital Dallas | limited partnership interest | 50 | 2004-01 | |
| Toa-Tis, Llc | limited partnership interest | 6 | 2022-12 | |
| Urology Clinics Of North Texas, Pllc | limited partnership interest | 4 | 2004-10 | |
| Donald Hohman | limited partnership interest | 3 | 2018-02 | |
| Kevin Kruse | limited partnership interest | 3 | 2016-05 | |
| Martin Raynor | limited partnership interest | 3 | 2016-12 | |
| Michael Wheeler | limited partnership interest | 3 | 2022-03 | |
| Steven Thornton | limited partnership interest | 3 | 2005-11 | |
| Vmg Holdings, Llp | limited partnership interest | 3 | 2004-10 | |
| Christopher Sakowski | limited partnership interest | 2 | 2021-07 | |
| Eric Sanders | limited partnership interest | 2 | 2025-01 | |
| Michael Champine | limited partnership interest | 2 | 2004-10 | |
| Robert Scheinberg | limited partnership interest | 2 | 2004-10 | |
| Steven White | limited partnership interest | 2 | 2004-10 | |
| John Gill | limited partnership interest | 2 | 2004-10 | |
| Charles Cook | limited partnership interest | 2 | 2004-10 | |
| Christopher Miskovsky | limited partnership interest | 2 | 2014-01 | |
| Ford Albritton | limited partnership interest | 2 | 2004-10 | |
| John Noack | limited partnership interest | 1 | 2006-09 | |
| James Merritt | limited partnership interest | 1 | 2004-10 | |
| Todd Pollock | limited partnership interest | 1 | 2005-11 | |
| John Early | limited partnership interest | 1 | 2005-11 | |
| Patrick Pownell | limited partnership interest | 0 | 2005-11 | |
| Christopher Cochran | limited partnership interest | 0 | 2019-07 | |
| James Walter | limited partnership interest | 0 | 2024-03 |
Showing 25 of 28. Full list via /api/targets/450889.
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 |