Continuecare Hospital At Hendrick Mc
dba Continuecare Hospital At Hendrick Medical Center ·
Abilene, Taylor County, TX
· CCN 452029
Licensed to Continuecare Hospital At Hendrick Medical Center Inc
Composite
52.4
rank score
Distress
55
FY2024
Fit
69
vs thesis
Estimated ticket
$5.9M–$23.5M
23 beds ·
within envelope
Ownership
nonprofit
LTCH
Why it ranks here
- operating margin negative
- total margin -8% to -3%
- under 30 days cash on hand
- margin deteriorating sharply
- 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
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $10.8M |
| Operating margin | -3.9% |
| Total margin | -3.5% |
| Days cash on hand | 16 |
| Current ratio | 1.54 |
| Occupancy | 85% |
Facility
| Beds | 23 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $255K |
| Per-bed (high) | $1.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 23 | $10.7M | $1.3M | 11.5% | 12.1% | 70 | 1.50 | 78% | 303 | 13 |
| 2022 | 23 | $10.0M | $306K | 1.1% | 3.0% | 39 | 2.39 | 78% | 284 | 23 |
| 2023 | 23 | $11.0M | $548K | 4.5% | 4.9% | 37 | 1.88 | 81% | 287 | 17 |
| 2024 | 23 | $10.8M | $-378K | -3.9% | -3.5% | 16 | 1.54 | 85% | 284 | 55 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anna Rojas | w-2 managing employee | 100 | 2023-06 | |
| Chc Community Care, Llc | 5% or greater direct ownership interest | 100 | 2014-01 | |
| Anna Rojas | corporate director | 2023-06 | ||
| April Myers | corporate director | 2016-01 | ||
| Bradlee Holland | corporate director | 2019-01 | ||
| Katie Alford | corporate director | 2014-01 | ||
| Michael Murray | other | 2018-02 | ||
| Pearl Merritt | corporate director | 2022-06 | ||
| Ronald Butler | corporate director | 2014-01 |
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 |
|---|---|---|---|---|
| 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 |