Christus Mfh Winnsboro
dba Christus Mother Frances Hospital - Winnsboro ·
Winnsboro, Wood County, TX
· CCN 451381
Licensed to Mother Frances Hospital-Winnsboro
Composite
33.1
rank score
Distress
22
FY2024
Fit
58
vs thesis
Estimated ticket
$1.2M–$2.4M
14 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- TX: favorable regulatory climate
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $24.1M |
| Operating margin | 10.7% |
| Total margin | 11.2% |
| Days cash on hand | 0 |
| Current ratio | 3.38 |
| Occupancy | 56% |
Facility
| Beds | 14 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 23 | $20.0M | $1.7M | 4.8% | 8.4% | 3 | 1.25 | 34% | 254 | 31 |
| 2022 | 14 | $24.0M | $4.3M | 15.8% | 17.2% | 0 | 1.22 | 54% | 265 | 28 |
| 2023 | 14 | $24.3M | $3.2M | 15.1% | 13.1% | 0 | 1.82 | 55% | 185 | 24 |
| 2024 | 14 | $24.1M | $2.7M | 10.7% | 11.2% | 0 | 3.38 | 56% | 191 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Christus Health | 5% or greater indirect ownership interest | 100 | 2016-05 | |
| Christus Northeast Texas And Northern Louisiana Health System Corp | 5% or greater direct ownership interest | 100 | 2013-05 | |
| Eric Garrison | corporate officer | 2020-05 | ||
| Ernie Sadau | other | 2016-05 | ||
| Jeb Jones | corporate director | 2021-01 | ||
| John Glenney | corporate officer | 2020-06 | ||
| John Glenney | corporate director | 2021-01 | ||
| John Glenney | w-2 managing employee | 2020-06 | ||
| Mark Anderson | corporate director | 2021-01 | ||
| Richard Harvey | corporate officer | 2020-06 | ||
| Richard Harvey | w-2 managing employee | 2020-06 | ||
| Rita Fanning | corporate director | 2021-01 | ||
| Shannon Dacus | corporate director | 2021-01 | ||
| Sonia Acosta | corporate director | 2024-09 | ||
| Steven Keuer | corporate officer | 2020-06 | ||
| Steven Keuer | corporate director | 2021-01 | ||
| Steven Keuer | w-2 managing employee | 2020-06 | ||
| Theresa Popp | corporate director | 2022-01 |
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 |