Crane County Hospital District
Crane, Crane County, TX
· CCN 451353
Licensed to Crane County Hospital District
Composite
34.6
rank score
Distress
36
FY2023
Fit
46
vs thesis
Estimated ticket
$1.3M–$2.5M
15 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- occupancy below 30%
- margin slipping
- 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 | $6.4M |
| Operating margin | -58.4% |
| Total margin | 19.8% |
| Days cash on hand | 1,608 |
| Current ratio | 5.86 |
| Occupancy | 10% |
Facility
| Beds | 15 |
| 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 | $5.2M | $2.1M | -59.4% | 20.7% | 1,543 | 3.14 | 4% | 53 | 37 |
| 2021 | 15 | $6.3M | $2.0M | -47.1% | 17.9% | 1,458 | 2.89 | 13% | 74 | 37 |
| 2022 | 15 | $7.3M | $2.4M | -37.6% | 19.4% | 1,464 | 4.72 | 13% | 50 | 37 |
| 2023 | 15 | $6.4M | $2.5M | -58.4% | 19.8% | 1,608 | 5.86 | 10% | 41 | 36 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Benjamin Fuentes | corporate officer | 2016-05 | ||
| Brandy Brown | corporate director | 2023-02 | ||
| Brandy Brown | w-2 managing employee | 2020-07 | ||
| Cherri Brents | corporate director | 2008-10 | ||
| Crane County Hospital District | 5% or greater direct ownership interest | 2008-10 | ||
| Julie Hardcastle | corporate director | 2022-05 | ||
| Kim Harrelson | corporate director | 2008-10 | ||
| Laci Harris | corporate director | 2023-05 | ||
| Laci Harris | w-2 managing employee | 2023-05 | ||
| Rosemary Cavazos | corporate officer | 2025-07 | ||
| Ty Golliher | corporate director | 2020-07 |
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 |