Memorial Hospital
dba Winkler County Memorial Hospital ·
Kermit, Winkler County, TX
· CCN 451314
Licensed to Winkler County Hospital District
Composite
33.2
rank score
Distress
33
FY2023
Fit
46
vs thesis
Estimated ticket
$1.4M–$2.7M
16 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- 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
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $11.5M |
| Operating margin | -52.9% |
| Total margin | 26.2% |
| Days cash on hand | 390 |
| Current ratio | 6.77 |
| Occupancy | 12% |
Facility
| Beds | 16 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| 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 | 19 | $4.7M | $4.3M | -183.4% | 23.6% | 265 | 3.77 | 8% | 92 | 37 |
| 2021 | 16 | $10.9M | $7.0M | -114.2% | 22.6% | 212 | 4.22 | 13% | 109 | 37 |
| 2022 | 16 | $12.0M | $4.1M | -40.9% | 19.0% | 332 | 6.24 | 12% | 69 | 37 |
| 2023 | 16 | $11.5M | $6.6M | -52.9% | 26.2% | 390 | 6.77 | 12% | 46 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Lorenzo Serrano | corporate officer | 100 | 2017-11 | |
| Winkler County Hospital District | operational/managerial control | 100 | 2017-10 | |
| Gabriela Salgado | corporate director | 25 | 2024-03 | |
| Tobitha Haddock | w-2 managing employee | 2025-03 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2017-10-01 | change of ownership | Winkler County Hospital District | County Of Winkler |
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 |