Lynn County Hospital
Tahoka, Lynn County, TX
· CCN 451351
Licensed to Lynn County Hospital District
Composite
55.9
rank score
Distress
78
FY2023
Fit
52
vs thesis
Estimated ticket
$1.4M–$2.9M
24 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- current liabilities exceed current assets
- occupancy below 30%
- margin deteriorating sharply
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- 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 | $16.4M |
| Operating margin | -23.3% |
| Total margin | -3.0% |
| Days cash on hand | 14 |
| Current ratio | 0.84 |
| Occupancy | 22% |
Facility
| Beds | 24 |
| Facility type | CAH |
| Setting | urban |
| 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 | 24 | $10.1M | $1.4M | -50.2% | 8.5% | 130 | 1.01 | 20% | 62 | 56 |
| 2021 | 24 | $13.3M | $5.9M | -23.7% | 26.3% | 100 | 1.18 | 21% | 113 | 44 |
| 2022 | 24 | $13.4M | $-1.8M | -44.1% | -9.9% | 1 | 0.72 | 20% | 120 | 89 |
| 2023 | 24 | $16.4M | $-586K | -23.3% | -3.0% | 14 | 0.84 | 22% | 115 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Darma Engle | w-2 managing employee | 2021-11 | ||
| Kinzie Kelley | w-2 managing employee | 2025-07 | ||
| Miranda Walz-Allen | w-2 managing employee | 2025-12 | ||
| W. Huffaker | other | 2025-07 |
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 |