Lavaca Medical Center
Hallettsville, Lavaca County, TX
· CCN 451376
Licensed to Lavaca Hospital District
Composite
37.9
rank score
Distress
37
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%
- 90-150 days cash on hand
- 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 | $19.3M |
| Operating margin | -24.4% |
| Total margin | 7.9% |
| Days cash on hand | 100 |
| Current ratio | 12.26 |
| Occupancy | 22% |
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 | $13.9M | $1.0M | -36.6% | 5.1% | 121 | 2.51 | 21% | 341 | 41 |
| 2021 | 25 | $16.4M | $3.1M | -26.4% | 13.0% | 105 | 3.21 | 20% | 373 | 41 |
| 2022 | 25 | $15.9M | $-179K | -40.2% | -0.8% | 82 | 4.32 | 20% | 341 | 54 |
| 2023 | 25 | $19.3M | $2.1M | -24.4% | 7.9% | 100 | 12.26 | 22% | 403 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jack Bowen | corporate officer | 2015-07 | ||
| Jack Bowen | w-2 managing employee | 2015-07 | ||
| Tracy Green | corporate director | 2015-04 | ||
| Tracy Green | w-2 managing employee | 2015-04 |
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 |