Lillian M. Hudspeth Memorial Hosp.
dba Lillian M. Hudspeth Memorial Hospital ·
Sonora, Sutton County, TX
· CCN 451324
Licensed to Sutton County Hospital District
Composite
37.8
rank score
Distress
43
FY2023
Fit
46
vs thesis
Estimated ticket
$935K–$1.9M
11 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- occupancy below 30%
- margin deteriorating sharply
- 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 | $9.2M |
| Operating margin | -33.4% |
| Total margin | 21.3% |
| Days cash on hand | 151 |
| Current ratio | 27.39 |
| Occupancy | 15% |
Facility
| Beds | 11 |
| 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 | 10 | $6.9M | $4.6M | -57.0% | 30.1% | 390 | 29.37 | 17% | 62 | 37 |
| 2021 | 12 | $9.0M | $3.4M | -34.6% | 21.8% | 325 | 10.09 | 16% | 89 | 37 |
| 2022 | 10 | $9.4M | $-5.3M | -42.3% | -64.5% | 165 | 5.97 | 14% | 89 | 53 |
| 2023 | 11 | $9.2M | $3.5M | -33.4% | 21.3% | 151 | 27.39 | 15% | 47 | 43 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Chris Badgett | corporate officer | 2021-01 | ||
| Chris Badgett | corporate director | 2021-01 | ||
| Chris Badgett | w-2 managing employee | 2021-01 | ||
| Joe Marshall | corporate officer | 2024-04 | ||
| Joe Marshall | corporate director | 2024-04 | ||
| Joe Marshall | w-2 managing employee | 2024-04 |
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 |