Haskell Memorial Hospital
Haskell, Haskell County, TX
· CCN 451341
Licensed to Haskell County Hospital
Composite
58.1
rank score
Distress
82
FY2023
Fit
53
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current liabilities exceed current assets
- occupancy below 30%
- margin deteriorating
- 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
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $8.3M |
| Operating margin | -64.1% |
| Total margin | -8.9% |
| Days cash on hand | 7 |
| Current ratio | 0.83 |
| Occupancy | 10% |
Facility
| Beds | 25 |
| 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 | 25 | $5.6M | $-558K | -56.7% | -4.6% | 348 | 2.12 | 10% | 150 | 49 |
| 2021 | 25 | $7.3M | $-3.5M | -84.9% | -34.1% | 72 | — | 16% | 222 | 84 |
| 2022 | 25 | $7.5M | $-1.9M | -71.9% | -15.9% | 34 | 0.86 | 9% | 108 | 79 |
| 2023 | 25 | $8.3M | $-1.1M | -64.1% | -8.9% | 7 | 0.83 | 10% | 173 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Haskell County Hospital | operational/managerial control | 2010-09 | ||
| Michelle Stevens | corporate director | 2021-03 | ||
| Michelle Stevens | w-2 managing employee | 2021-03 |
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 |