Crockett Medical Center
Crockett, Houston County, TX
· CCN 451393
Licensed to Mid Coast Medical Center Crockett Inc
Composite
52.0
rank score
Distress
63
FY2023
Fit
59
vs thesis
Estimated ticket
$1.8M–$3.6M
25 beds ·
within envelope
Ownership
for-profit
CAH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- liabilities exceed assets
- 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
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $12.0M |
| Operating margin | -44.1% |
| Total margin | 9.0% |
| Days cash on hand | 0 |
| Current ratio | 2.39 |
| Occupancy | 5% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $72.2K |
| Per-bed (high) | $144K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $10.4M | $-1.8M | -52.6% | -13.1% | 87 | 5.84 | 2% | 69 | 74 |
| 2021 | 25 | $15.1M | $6.1K | -26.2% | 0.0% | 0 | -7.75 | 8% | 278 | 83 |
| 2022 | 25 | $16.4M | $1.6M | -12.9% | 7.4% | 25 | 0.76 | 10% | 136 | 80 |
| 2023 | 25 | $12.0M | $1.7M | -44.1% | 9.0% | 0 | 2.39 | 5% | 108 | 63 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brett Kirkham | corporate director | 2023-10 | ||
| Carrie Cornett | corporate director | 2025-07 | ||
| Carrie Cornett | w-2 managing employee | 2025-07 | ||
| Lisa Altenhoff | corporate director | 2024-01 | ||
| Lisa Altenhoff | w-2 managing employee | 2024-01 | ||
| Mid Coast Health System | operational/managerial control | 2024-01 |
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 |