Tx Hlth Specialty Hosp Fort Worth
dba Texas Health Specialty Hospital Forth Worth ·
Fort Worth, Tarrant County, TX
· CCN 452018
Licensed to Texas Health Specialty Hospital Fort Worth
Composite
36.7
rank score
Distress
19
FY2024
Fit
66
vs thesis
Estimated ticket
$4.5M–$18.0M
15 beds ·
within envelope
Ownership
nonprofit
LTCH
Why it ranks here
- current ratio under 1.5
- occupancy 45-60%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- 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 | $11.3M |
| Operating margin | 9.7% |
| Total margin | 16.2% |
| Days cash on hand | — |
| Current ratio | 1.44 |
| Occupancy | 56% |
Facility
| Beds | 15 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $300K |
| Per-bed (high) | $1.2M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 15 | $11.5M | $3.5M | 27.2% | 29.4% | — | 1.38 | 57% | 88 | 7 |
| 2022 | 15 | $10.8M | $2.2M | 16.7% | 19.9% | — | 1.36 | 63% | 92 | 4 |
| 2023 | 15 | $10.2M | $1.5M | 8.0% | 14.1% | — | 1.44 | 57% | 75 | 7 |
| 2024 | 15 | $11.3M | $2.0M | 9.7% | 16.2% | — | 1.44 | 56% | 68 | 19 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Texas Health Resources | 5% or greater direct ownership interest | 100 | 1997-09 | chain |
| Andrew Masica | corporate officer | 2021-01 | ||
| Andrew Masica | corporate director | 2021-01 | ||
| Barclay Berdan | corporate director | 2006-01 | ||
| Barclay Berdan | w-2 managing employee | 2006-01 | ||
| Brandon Pope | corporate officer | 2025-01 | ||
| Carla Dawson | corporate officer | 2020-01 | ||
| Carla Dawson | corporate director | 2020-01 | ||
| Christopher Lane | corporate officer | 2025-05 | ||
| Christopher Lane | corporate director | 2025-05 | ||
| David Tesmer | corporate director | 2019-01 | ||
| Deena Mcallister | corporate director | 2019-01 | ||
| Dhruvangkumar Modi | corporate director | 2025-01 | ||
| Ferdinand Velasco | corporate director | 2019-01 | ||
| Gary Goldberg | corporate officer | 2020-01 | ||
| Gary Goldberg | corporate director | 2020-01 | ||
| Hari Avula | corporate director | 2025-01 | ||
| Hunter Hunt | corporate director | 2012-01 | ||
| Ignacio Nunez | corporate director | 2020-01 | ||
| James King | corporate director | 2015-01 | ||
| Javier Iruegas | corporate director | 2023-01 | ||
| Jeffrey Mincher | corporate officer | 2022-06 | ||
| Jeffrey Mincher | corporate director | 2022-06 | ||
| Jennifer Schroeder | corporate officer | 2025-01 | ||
| John Mitchell | corporate director | 2019-01 |
Showing 25 of 59. Full list via /api/targets/452018.
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 |
|---|---|---|---|---|
| 2026-01-01 | Houston-Amg Specialty Hospital, Inc. | Plaza Specialty Hospital, Llc | Houston Healthcare Specialty Hosp. | 44 |
| 2026-01-01 | Clear Lake-Amg Specialty Hospital, Inc. | Chg Hospital Houston Llc | Vibra Hospital Of Clear Lake | 88 |
| 2024-08-01 | Hhn Tx1 Llc | Kpc Promise Hospital Of Wichita Falls Llc | Kpc Promise Hospital Of Wichita Fall | 31 |
| 2024-05-19 | Amarillo Specialty Hospital | Kpc Promise Hospital Of Amarillo Llc | Kpc Promise Hospital Of Amarillo Llc | 54 |
| 2019-09-30 | Pam Specialty Hospital Of San Antonio Llc | New San Antonio Specialty Hospital, Llc | Pam Spc Hosp Of San Antonio Med Ctr | 62 |
| 2019-09-30 | Lifecare 2.1, Llc | New Lifecare Hospitals Of North Texas, Llc | Lifecare Spec Hosp Of North Texas | 206 |
| 2016-06-28 | Knd Development 68 Llc | Select Specialty Hospital - San Antonio Inc | Kindred Hospital San Antonio Central | 44 |