Riceland Medical Center
Winnie, Chambers County, TX
· CCN 451328
Licensed to Winnie Community Hospital Llc
Composite
64.7
rank score
Distress
86
FY2023
Fit
65
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
for-profit
CAH
Why it ranks here
- operating margin -10% to -5%
- total margin below -8%
- 30-60 days cash on hand
- current liabilities exceed current assets
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- small but workable bed count
- 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 | $35.0M |
| Operating margin | -8.5% |
| Total margin | -8.1% |
| Days cash on hand | 31 |
| Current ratio | 0.85 |
| Occupancy | 14% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | urban |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $28.7M | $547K | -12.6% | 1.7% | 1 | 1.03 | 21% | 286 | 70 |
| 2021 | 25 | $35.3M | $203K | -11.9% | 0.5% | 2 | 1.03 | 32% | 398 | 67 |
| 2022 | 25 | $37.3M | $217K | -8.9% | 0.5% | 2 | 1.15 | 29% | 356 | 64 |
| 2023 | 25 | $35.0M | $-2.9M | -8.5% | -8.1% | 31 | 0.85 | 14% | 251 | 86 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Riceland Medical Holding Company Lp | 5% or greater direct ownership interest | 99 | 2014-06 | |
| Riceland Healthcare Lp | 5% or greater indirect ownership interest | 98 | 2014-06 | |
| Muhammad Javed | 5% or greater indirect ownership interest | 41 | 2014-06 | |
| Abdul Jabbar | 5% or greater indirect ownership interest | 20 | 2014-06 | |
| M Israr Ahmad | 5% or greater indirect ownership interest | 20 | 2014-06 | |
| Mohammad Javed | 5% or greater indirect ownership interest | 20 | 2014-06 | |
| Mohammed Danishmund | corporate officer | 2014-06 | ||
| Saad Javed | corporate director | 2018-06 | ||
| Saad Javed | w-2 managing employee | 2018-06 |
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 |