Mitchell County Hospital
Colorado City, Mitchell County, TX
· CCN 451342
Licensed to Mitchell County Hospital District
Composite
37.9
rank score
Distress
37
FY2023
Fit
53
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- 90-150 days cash on hand
- occupancy below 30%
- 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 | $17.4M |
| Operating margin | -27.9% |
| Total margin | 3.3% |
| Days cash on hand | 103 |
| Current ratio | 1.85 |
| Occupancy | 15% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $11.5M | $-1.4M | -68.6% | -7.5% | 191 | 1.89 | 22% | 251 | 49 |
| 2021 | 25 | $10.7M | $-1.5M | -80.9% | -8.6% | 228 | 1.69 | 24% | 247 | 53 |
| 2022 | 25 | $15.5M | $-595K | -34.9% | -2.9% | 104 | 2.27 | 16% | 169 | 49 |
| 2023 | 25 | $17.4M | $763K | -27.9% | 3.3% | 103 | 1.85 | 15% | 116 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Warren | corporate director | 2013-04 | ||
| Diane Moore | corporate director | 2023-04 | ||
| Diane Moore | w-2 managing employee | 2023-04 | ||
| Helen Edwards | corporate director | 2019-11 | ||
| Henryk Olstowski | corporate director | 2022-03 | ||
| Maria Rubio | corporate director | 2018-07 | ||
| Marsha Rickard | corporate director | 2016-05 | ||
| Mitchell County Hospital District | operational/managerial control | 2010-09 | ||
| Patricia Pharis | corporate director | 2007-05 | ||
| Randall Anderson | corporate director | 2021-04 | ||
| Robert Hall | corporate director | 2022-09 | ||
| Robert Hall | w-2 managing employee | 2022-09 | ||
| Rural Hospital Management | operational/managerial control | 2008-09 | ||
| Suzanne Gafford | corporate director | 2022-12 | ||
| Suzanne Gafford | w-2 managing employee | 2022-12 |
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 |