Memorial Hospital-Seminole
dba Memorial Hospital ·
Seminole, Gaines County, TX
· CCN 451358
Licensed to Seminole Hospital District Of Gaines County Texas
Composite
63.1
rank score
Distress
93
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 -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of 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
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $38.5M |
| Operating margin | -55.6% |
| Total margin | -5.7% |
| Days cash on hand | 20 |
| Current ratio | 0.53 |
| Occupancy | 30% |
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 | $24.1M | $2.6M | -84.9% | 5.6% | 157 | 1.70 | 30% | 402 | 33 |
| 2021 | 25 | $26.4M | $-3.0M | -89.6% | -6.3% | 95 | 1.51 | 35% | 956 | 50 |
| 2022 | 25 | $33.1M | $-9.2M | -78.3% | -18.6% | 23 | 1.01 | 32% | 996 | 80 |
| 2023 | 25 | $38.5M | $-3.3M | -55.6% | -5.7% | 20 | 0.53 | 30% | 167 | 93 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Seminole Hospital District Of Gaines County Texas | 5% or greater direct ownership interest | 100 | 2008-05 | |
| Dean Otey | corporate officer | 2025-01 | ||
| Dean Otey | corporate director | 2025-01 | ||
| Dean Otey | w-2 managing employee | 2025-01 | ||
| Jay Youngblood | corporate director | 2023-01 | ||
| Josie King | corporate director | 2019-06 | ||
| Lance Lovelady | corporate director | 2023-01 | ||
| Maegen Garner | corporate officer | 2022-11 | ||
| Peter Guenther | corporate director | 2023-01 | ||
| Robert Brandt | corporate officer | 2025-01 | ||
| Robert Brandt | corporate director | 2025-01 | ||
| Robert Brandt | w-2 managing employee | 2025-01 |
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 |