Pecos County Memorial Hospital
Fort Stockton, Pecos County, TX
· CCN 451389
Licensed to Pecos County Memorial Hospital District
Already transacted. CMS recorded an ownership change effective
2023-07-01. Confirm the current owner before spending a call on this.
Composite
22.4
rank score
Distress
95
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 below -8%
- 30-60 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- 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
- changed ownership 2023-07-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $10.2M |
| Operating margin | -59.2% |
| Total margin | -25.2% |
| Days cash on hand | 47 |
| Current ratio | 0.40 |
| Occupancy | 17% |
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 | $18.0M | $4.9M | -56.7% | 14.8% | 83 | 2.01 | 20% | 408 | 58 |
| 2021 | 25 | $16.2M | $-1.5M | -88.8% | -5.0% | 30 | 0.53 | 16% | 342 | 90 |
| 2022 | 25 | $17.3M | $-2.5M | -80.5% | -8.4% | 11 | 0.33 | 14% | 309 | 100 |
| 2023 | 25 | $10.2M | $-3.3M | -59.2% | -25.2% | 47 | 0.40 | 17% | 167 | 95 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Armando Mandujano | corporate director | 2023-07 | ||
| Betsy Briscoe | corporate director | 2023-07 | ||
| Betsy Briscoe | w-2 managing employee | 2023-07 | ||
| Laura Mckenzie | corporate director | 2023-07 | ||
| Lou Ann Tovar | corporate director | 2023-07 | ||
| Matt Tarpley | corporate director | 2023-07 | ||
| Pecos County Memorial Hospital District | 5% or greater direct ownership interest | 2023-07 | ||
| Pecos County Memorial Hospital District | operational/managerial control | 2023-07 | ||
| Rebecca Ureta | corporate director | 2023-07 | ||
| Rebecca Ureta | w-2 managing employee | 2023-07 | ||
| Santiago Cantu | corporate director | 2023-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2023-07-01 | change of ownership | Pecos County Memorial Hospital District | Pecos County Memorial Hospital |
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 |