Schleicher County Medical Center
Eldorado, Schleicher County, TX
· CCN 451304
Licensed to Preferred Hospital Leasing Eldorado, Inc
Composite
37.5
rank score
Distress
37
FY2023
Fit
52
vs thesis
Estimated ticket
$1.2M–$2.4M
14 beds ·
within envelope
Ownership
for-profit
CAH
Why it ranks here
- operating margin below -10%
- 90-150 days cash on hand
- occupancy below 30%
- TX: favorable regulatory climate
- rural — cheaper but limited density
- 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 | $4.7M |
| Operating margin | -35.0% |
| Total margin | 17.3% |
| Days cash on hand | 131 |
| Current ratio | 4.00 |
| Occupancy | 12% |
Facility
| Beds | 14 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 14 | $3.4M | $-684K | -67.3% | -13.7% | 64 | 3.53 | 8% | 30 | 68 |
| 2021 | 14 | $2.6M | $3.2M | -37.4% | 47.5% | 187 | 2.29 | 8% | 37 | 37 |
| 2022 | 14 | $5.4M | $972K | -15.1% | 13.4% | 58 | 2.81 | 9% | 38 | 53 |
| 2023 | 14 | $4.7M | $1.3M | -35.0% | 17.3% | 131 | 4.00 | 12% | 47 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Donald Freeman | 5% or greater direct ownership interest | 100 | 2005-12 | |
| Donald Freeman | corporate officer | 100 | 2005-12 | |
| Preferred Management Corporation | operational/managerial control | 100 | 2005-12 | |
| Billie Carter | w-2 managing employee | 2022-02 | ||
| Jared Chanski | corporate officer | 2019-01 | ||
| Josh Tucker | corporate officer | 2017-12 | ||
| Luke Campbell | corporate officer | 2025-02 |
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 |