North Runnels Hospital District
Winters, Runnels County, TX · CCN 451315
Composite
58.9
rank score
Distress
90
FY2024
Fit
46
vs thesis
Estimated ticket
$714K–$1.4M
12 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- 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 · FY2024
| Net patient revenue | $5.8M |
| Operating margin | -54.0% |
| Total margin | -15.8% |
| Days cash on hand | 3 |
| Current ratio | 0.03 |
| Occupancy | 26% |
Facility
| Beds | 12 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 12 | $8.0M | $-4.9M | -125.2% | -37.1% | 39 | 7.19 | 26% | 169 | 70 |
| 2022 | 12 | $8.9M | $-709K | -21.5% | -7.0% | 9 | 5.01 | 24% | 187 | 71 |
| 2023 | 12 | $7.7M | $-1.6M | -37.2% | -18.1% | 19 | 0.08 | 20% | 124 | 100 |
| 2024 | 12 | $5.8M | $-1.2M | -54.0% | -15.8% | 3 | 0.03 | 26% | 125 | 90 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |