Houston Healthcare Specialty Hosp.
dba Houston Medical Center-Amg Specialty Hospital ·
Houston, Harris County, TX
· CCN 452046
Licensed to Houston-Amg Specialty Hospital, Inc.
Already transacted. CMS recorded an ownership change effective
2026-01-01. Confirm the current owner before spending a call on this.
Composite
26.0
rank score
Distress
94
FY2024
Fit
80
vs thesis
Estimated ticket
$9.2M–$37.0M
44 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating sharply
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- small ticket — deploys little of the available capital
- moderate occupancy
- for-profit — no charitable conversion review
- changed ownership 2026-01-01 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $15.7M |
| Operating margin | -28.5% |
| Total margin | -28.5% |
| Days cash on hand | 0 |
| Current ratio | 0.31 |
| Occupancy | 58% |
Facility
| Beds | 44 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 44 | $27.3M | $1.4M | 3.2% | 5.0% | 3 | 1.90 | 94% | 420 | 22 |
| 2022 | 39 | $31.9M | $3.4M | 8.9% | 10.6% | 1 | 2.73 | 88% | 435 | 22 |
| 2023 | 39 | $21.2M | $-175K | -2.9% | -0.8% | 0 | -11.03 | 53% | 263 | 61 |
| 2024 | 44 | $15.7M | $-4.5M | -28.5% | -28.5% | 0 | 0.31 | 58% | 296 | 94 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amg 5.0, Llc | 5% or greater direct ownership interest | 100 | 2026-01 | |
| August Rantz | 5% or greater indirect ownership interest | 50 | 2026-01 | |
| August Rantz | corporate officer | 50 | 2026-01 | |
| Rantz Iv Enterprises Llc | 5% or greater indirect ownership interest | 50 | 2026-01 | |
| Shelby Heuer | w-2 managing employee | 50 | 2026-02 | |
| Benjamin Miller | 5% or greater indirect ownership interest | 25 | 2026-01 | |
| Benjamin Miller | corporate officer | 25 | 2026-01 | |
| Jessica Mcgee | corporate officer | 25 | 2026-01 | |
| Timothy Howard | corporate officer | 25 | 2026-01 | |
| Timothy Howard | 5% or greater indirect ownership interest | 20 | 2026-01 | |
| The 2024 Helena Catherine Howard Inter Vivos Trust No. 1 | 5% or greater indirect ownership interest | 5 | 2026-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2026-01-01 | change of ownership | Houston-Amg Specialty Hospital, Inc. | Plaza Specialty Hospital, Llc |
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 |