D.m. Cogdell Memorial Hospital
dba Cogdell Memorial Hospital ·
Snyder, Scurry County, TX
· CCN 451384
Licensed to Scurry County Hospital District
Composite
58.1
rank score
Distress
82
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 negative
- under 30 days cash on hand
- current ratio below 0.8
- 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 | $30.6M |
| Operating margin | -65.9% |
| Total margin | -2.9% |
| Days cash on hand | 24 |
| Current ratio | 0.34 |
| Occupancy | 25% |
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 | $29.2M | $4.6M | -53.4% | 8.8% | 90 | 0.93 | 36% | 652 | 47 |
| 2021 | 25 | $30.5M | $-3.3M | -70.8% | -6.8% | 48 | 0.88 | 37% | 721 | 71 |
| 2022 | 25 | $31.7M | $-2.4M | -68.9% | -4.7% | 0 | 0.62 | 31% | 599 | 81 |
| 2023 | 25 | $30.6M | $-1.4M | -65.9% | -2.9% | 24 | 0.34 | 25% | 495 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Collin Mclarty | corporate director | 100 | 2025-09 | |
| Collin Mclarty | w-2 managing employee | 100 | 2025-09 | |
| Kevin Hough | corporate director | 2024-06 | ||
| Robbie Dewberry | corporate director | 2024-06 | ||
| Robbie Dewberry | w-2 managing employee | 2024-06 | ||
| Scurry County Hospital District | operational/managerial control | 2014-07 |
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 |