Goodall-Witcher Hospital Authority
dba Goodall-Witcher Hospital ·
Clifton, Bosque County, TX
· CCN 451385
Licensed to Bosque County Hospital District
Composite
57.5
rank score
Distress
78
FY2024
Fit
56
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $31.3M |
| Operating margin | -32.1% |
| Total margin | 0.5% |
| Days cash on hand | 25 |
| Current ratio | 0.50 |
| Occupancy | 22% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $26.3M | $6.5M | -28.4% | 16.1% | 91 | 2.37 | 35% | 277 | 38 |
| 2022 | 25 | $30.1M | $3.1M | -17.3% | 8.1% | 63 | 2.69 | 29% | 252 | 47 |
| 2023 | 25 | $32.1M | $2.8M | -19.3% | 6.7% | 34 | 0.43 | 21% | 410 | 67 |
| 2024 | 25 | $31.3M | $198K | -32.1% | 0.5% | 25 | 0.50 | 22% | 381 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bosque County Hospital District | 5% or greater direct ownership interest | 100 | 2019-07 | |
| Bosque County Hospital District | operational/managerial control | 100 | 2019-07 | |
| Adam Willmann | corporate director | 2014-12 | ||
| Adam Willmann | w-2 managing employee | 2014-12 | ||
| Charles Hopkins | corporate officer | 2019-01 | ||
| George Clifton | corporate officer | 2019-01 | ||
| Jerry Pickett | w-2 managing employee | 2019-06 | ||
| John Erickson | corporate officer | 2019-01 | ||
| Robert Phillips | corporate director | 2023-05 | ||
| Roger Parks | corporate officer | 2019-01 | ||
| Thomas Blossom | corporate director | 2020-05 | ||
| Vicki Gloff | corporate director | 2014-12 | ||
| Vicki Gloff | w-2 managing employee | 2014-12 | ||
| Virginia Villarreal | corporate officer | 2019-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-07-01 | change of ownership | Bosque County Hospital District | Goodall-Witcher Hospital Authority |
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 |