Parmer County Community Hospital
dba Parmer Medical Center ·
Friona, Parmer County, TX
· CCN 451300
Licensed to Parmer County Community Hospital Inc
Composite
51.4
rank score
Distress
67
FY2023
Fit
53
vs thesis
Estimated ticket
$1.8M–$3.6M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 60-90 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- TX: favorable regulatory climate
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $8.9M |
| Operating margin | -37.7% |
| Total margin | -10.5% |
| Days cash on hand | 64 |
| Current ratio | 26.81 |
| Occupancy | 13% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $72.2K |
| Per-bed (high) | $144K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $8.9M | $-555K | -25.9% | -5.2% | 281 | 8.58 | 14% | 111 | 49 |
| 2021 | 25 | $10.3M | $2.9M | -21.7% | 18.6% | 134 | 8.42 | 16% | 143 | 41 |
| 2022 | 25 | $9.2M | $4.2K | -24.6% | 0.0% | 136 | 10.01 | 15% | 91 | 44 |
| 2023 | 25 | $8.9M | $-1.2M | -37.7% | -10.5% | 64 | 26.81 | 13% | 109 | 67 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brett Whitten | corporate director | 2008-05 | ||
| Clint Hurst | corporate director | 2023-12 | ||
| Dale Schueler | corporate director | 2008-05 | ||
| Dennis Anthony | corporate director | 2008-05 | ||
| Gayla Quillin | contracted managing employee | 2012-06 | ||
| Gayla Quillin | corporate officer | 2012-06 | ||
| Preferred Management Corporation | operational/managerial control | 2008-05 | ||
| Ricky Barnett | corporate director | 2018-08 |
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 |
|---|---|---|---|---|
| 2024-03-01 | Muleshoe Area Hospital District | Preferred Hospital Leasing Muleshoe Inc | Muleshoe Area Medical Center | 25 |
| 2023-07-01 | Pecos County Memorial Hospital District | Pecos County Memorial Hospital | Pecos County Memorial Hospital | 25 |
| 2021-10-01 | Preferred Hospital Leasing Shamrock Inc | South Wheeler County Hospital District | Shamrock General Hospital | 25 |
| 2019-07-01 | Bosque County Hospital District | Goodall-Witcher Hospital Authority | Goodall-Witcher Hospital Authority | 25 |
| 2017-10-01 | Winkler County Hospital District | County Of Winkler | Memorial Hospital | 16 |