Coon Memorial Hospital
Dalhart, TX
· CCN 451331
Licensed to Dallam-Hartley Counties Hospital District
Composite
55.3
rank score
Distress
82
FY2024
Fit
46
vs thesis
Estimated ticket
$1.2M–$2.5M
21 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 70% of assets
- 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 · FY2024
| Net patient revenue | $15.1M |
| Operating margin | -108.9% |
| Total margin | 0.0% |
| Days cash on hand | 5 |
| Current ratio | 0.54 |
| Occupancy | 21% |
Facility
| Beds | 21 |
| 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 | 21 | $18.2M | $3.8M | -34.1% | 12.6% | 153 | 2.70 | 39% | 601 | 33 |
| 2022 | 21 | $16.8M | $-3.0M | -53.2% | -13.3% | 73 | — | 48% | 1,271 | 75 |
| 2023 | 21 | $12.8M | $-3.9M | -100.9% | -17.2% | 0 | 1.30 | 29% | 353 | 79 |
| 2024 | 21 | $15.1M | $10 | -108.9% | 0.0% | 5 | 0.54 | 21% | 250 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brad Riley | corporate director | 2021-04 | ||
| Dallam-Hartley Counties Hospital District | operational/managerial control | 2002-04 | ||
| Jennifer Mcdaniel | corporate director | 2025-03 | ||
| Kevin Caddell | corporate director | 2013-09 | ||
| Mark Miller | corporate director | 2016-07 | ||
| Melissa Bundy | corporate director | 2024-06 | ||
| Melissa Bundy | w-2 managing employee | 2024-06 | ||
| Melissa Bundy | operational/managerial control | 2024-06 | ||
| Michael Diller | corporate director | 2020-04 | ||
| Nichole Crosby | w-2 managing employee | 2024-01 | ||
| Sarah Crone | corporate officer | 2024-03 | ||
| Sarah Crone | w-2 managing employee | 2024-03 | ||
| Sharon Hunt | contracted managing employee | 2024-06 | ||
| Sharon Hunt | corporate director | 2024-06 | ||
| Shellie Mcnabb | corporate director | 2022-05 |
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 |