Muleshoe Area Medical Center
Muleshoe, Bailey County, TX
· CCN 451372
Licensed to Muleshoe Area Hospital District
Already transacted. CMS recorded an ownership change effective
2024-03-01. Confirm the current owner before spending a call on this.
Composite
20.5
rank score
Distress
78
FY2023
Fit
59
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
for-profit
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- 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
- for-profit — no charitable conversion review
- changed ownership 2024-03-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $5.8M |
| Operating margin | -58.7% |
| Total margin | -9.3% |
| Days cash on hand | 7 |
| Current ratio | 3.35 |
| Occupancy | 3% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | for-profit |
| 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 | $6.3M | $-272K | -34.8% | -3.3% | 29 | 1.57 | 8% | 152 | 76 |
| 2021 | 25 | $6.3M | $2.0M | -39.7% | 18.6% | 42 | 1.51 | 7% | 110 | 53 |
| 2022 | 25 | $6.1M | $98.2K | -50.5% | 1.0% | 13 | 2.29 | 6% | 43 | 62 |
| 2023 | 25 | $5.8M | $-785K | -58.7% | -9.3% | 7 | 3.35 | 3% | 31 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Allen Smyer | corporate officer | 2024-03 | ||
| Dennis Fleenor | corporate director | 2016-03 | ||
| Dennis Fleenor | w-2 managing employee | 2016-03 | ||
| Dennis Fleenor | operational/managerial control | 2016-03 | ||
| Gayle Richerson | corporate officer | 2024-03 | ||
| Landon Nichols | corporate officer | 2024-03 | ||
| Muleshoe Area Hospital District | operational/managerial control | 2024-03 | ||
| Robbie Dewberry | corporate director | 2023-11 | ||
| Robbie Dewberry | w-2 managing employee | 2023-11 | ||
| Robbie Dewberry | operational/managerial control | 2023-11 | ||
| Scott Miller | corporate officer | 2024-03 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-03-01 | change of ownership | Muleshoe Area Hospital District | Preferred Hospital Leasing Muleshoe Inc |
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 |