Kpc Promise Hospital Of Wichita Fall
dba Highcrest Hospital Of Wichita Falls ·
Wichita Falls, Wichita County, TX
· CCN 452068
Licensed to Hhn Tx1 Llc
Already transacted. CMS recorded an ownership change effective
2024-08-01. Confirm the current owner before spending a call on this.
Composite
16.6
rank score
Distress
34
FY2024
Fit
80
vs thesis
Estimated ticket
$9.3M–$37.2M
31 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- 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 2024-08-01 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $11.3M |
| Operating margin | 37.1% |
| Total margin | 37.1% |
| Days cash on hand | 7 |
| Current ratio | -0.21 |
| Occupancy | 47% |
Facility
| Beds | 31 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 31 | $14.1M | $4.6M | 34.5% | 33.0% | 0 | -0.29 | 79% | 352 | 36 |
| 2022 | 31 | $13.8M | $4.7M | 28.2% | 32.1% | 0 | -0.26 | 75% | 346 | 36 |
| 2023 | 31 | $12.1M | $3.0M | 25.0% | 25.0% | 2 | -0.24 | 57% | 289 | 38 |
| 2024 | 31 | $11.3M | $4.2M | 37.1% | 37.1% | 7 | -0.21 | 47% | 198 | 34 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hhn Holdco Llc | 5% or greater direct ownership interest | 100 | 2024-08 | |
| Netanel Myerowitz | 5% or greater indirect ownership interest | 100 | 2024-08 | |
| Netanel Myerowitz | corporate director | 2024-08 | ||
| Rachel Bailey | w-2 managing employee | 2024-08 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-08-01 | change of ownership | Hhn Tx1 Llc | Kpc Promise Hospital Of... |
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 |