Shamrock General Hospital
Shamrock, Wheeler County, TX
· CCN 451340
Licensed to Preferred Hospital Leasing Shamrock Inc
Composite
62.8
rank score
Distress
87
FY2024
Fit
59
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
for-profit
CAH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- TX: favorable regulatory climate
- rural — cheaper but limited density
- 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 · FY2024
| Net patient revenue | $4.5M |
| Operating margin | -83.3% |
| Total margin | -5.2% |
| Days cash on hand | 22 |
| Current ratio | 1.04 |
| Occupancy | 3% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| 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 | $3.1M | $-121K | -166.6% | -1.5% | 184 | 1.33 | 6% | 125 | 56 |
| 2021 | 25 | $4.4M | $1.9M | -86.6% | 19.1% | 68 | 1.30 | 9% | 74 | 50 |
| 2022 | 25 | $2.9M | $-214K | -44.2% | -5.4% | 47 | 1.27 | 9% | 38 | 80 |
| 2023 | 25 | $4.5M | $756K | -57.2% | 9.6% | 29 | 1.29 | 5% | 30 | 67 |
| 2024 | 25 | $4.5M | $-408K | -83.3% | -5.2% | 22 | 1.04 | 3% | 26 | 87 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Preferred Management Corporation | operational/managerial control | 100 | 2021-10 | |
| Donald Freeman | 5% or greater direct ownership interest | 51 | 2021-06 | |
| Jared Chanski | operational/managerial control | 2021-10 | ||
| Josh Tucker | operational/managerial control | 2021-10 | ||
| Luke Campbell | corporate officer | 2025-02 | ||
| Michael Burke | w-2 managing employee | 2022-03 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-10-01 | change of ownership | Preferred Hospital Leasing Shamrock Inc | South Wheeler County Hospital District |
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 |