Jackson County Hospital
dba Jackson Healthcare Center ·
Edna, Jackson County, TX
· CCN 451363
Licensed to Jackson County Hospital District
Composite
36.1
rank score
Distress
33
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%
- 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 | $18.4M |
| Operating margin | -42.5% |
| Total margin | 2.9% |
| Days cash on hand | 186 |
| Current ratio | 7.48 |
| Occupancy | 14% |
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 | $13.1M | $14.3K | -61.2% | 0.1% | 251 | 1.64 | 16% | 162 | 40 |
| 2021 | 25 | $13.9M | $1.9M | -63.2% | 7.3% | 211 | 3.33 | 15% | 150 | 37 |
| 2022 | 25 | $15.7M | $1.3M | -49.0% | 5.0% | 214 | 5.63 | 17% | 71 | 37 |
| 2023 | 25 | $18.4M | $792K | -42.5% | 2.9% | 186 | 7.48 | 14% | 62 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jackson County Hospital District | 5% or greater direct ownership interest | 100 | 2005-01 | |
| Lance Smiga | corporate director | 2012-07 | ||
| Lance Smiga | w-2 managing employee | 2012-07 | ||
| Paula Gabrysch | corporate director | 2010-10 | ||
| Paula Gabrysch | w-2 managing employee | 2010-10 | ||
| William Jones | corporate director | 2010-10 | ||
| William Jones | w-2 managing employee | 2010-10 |
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 |