Throckmorton County Hospital
Throckmorton, Throckmorton County, TX
· CCN 451339
Licensed to Throckmorton County Memorial Hosp
Composite
53.5
rank score
Distress
78
FY2023
Fit
46
vs thesis
Estimated ticket
$833K–$1.7M
14 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- 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 | $3.0M |
| Operating margin | -95.5% |
| Total margin | -17.0% |
| Days cash on hand | 0 |
| Current ratio | 3.01 |
| Occupancy | 7% |
Facility
| Beds | 14 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 14 | $2.5M | $494K | -100.6% | 8.9% | 170 | 7.50 | 7% | 55 | 41 |
| 2021 | 14 | $2.7M | $-278K | -99.0% | -5.5% | 125 | 5.36 | 9% | 57 | 53 |
| 2022 | 14 | $3.3M | $-561K | -93.5% | -9.7% | 59 | 5.76 | 12% | 67 | 70 |
| 2023 | 14 | $3.0M | $-873K | -95.5% | -17.0% | 0 | 3.01 | 7% | 38 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Karla Benson | w-2 managing employee | 2013-11 | ||
| Kirby Gober | corporate officer | 2014-06 | ||
| Throckmorton County Memorial Hosp | operational/managerial control | 2010-11 |
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 |