Kindred Hospital San Antonio Central
dba Kindred Hospital - San Antonio Central ·
San Antonio, Bexar County, TX
· CCN 452073
Licensed to Knd Development 68 Llc
Composite
65.2
rank score
Distress
74
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 -8% to -3%
- current liabilities exceed current assets
- liabilities exceed assets
- occupancy 45-60%
- margin slipping
- 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
Latest financials · FY2024
| Net patient revenue | $16.2M |
| Operating margin | -13.5% |
| Total margin | -6.9% |
| Days cash on hand | — |
| Current ratio | 0.95 |
| Occupancy | 60% |
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 | $17.0M | $-899K | -5.5% | -5.3% | 0 | 1.08 | 66% | 435 | 71 |
| 2022 | 44 | $18.9M | $220K | -0.5% | 1.1% | 0 | 2.09 | 65% | 416 | 52 |
| 2023 | 44 | $17.2M | $-1.3M | -10.5% | -7.1% | — | 1.53 | 59% | 409 | 69 |
| 2024 | 44 | $16.2M | $-1.2M | -13.5% | -6.9% | — | 0.95 | 60% | 385 | 74 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kentucky Hospital Holdings Jv Lp | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kentucky Hospital Holdings Llc | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kentucky Hospital Intermediate Llc | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kindred Healthcare Llc | 5% or greater indirect ownership interest | 100 | 1998-03 | |
| Kindred Healthcare Operating Llc | 5% or greater indirect ownership interest | 100 | 1998-02 | |
| Knd Hospital Real Estate Holdings Llc | 5% or greater direct ownership interest | 100 | 2008-03 | |
| Knd Real Estate Holdings Llc | 5% or greater indirect ownership interest | 100 | 2007-08 | |
| Knight Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Health Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Intermediate Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Dana Rock | corporate officer | 2024-12 | ||
| Deanna Schiavone | corporate officer | 2022-08 | ||
| Jeffrey Harrison | contracted managing employee | 2021-10 | ||
| Johnetta Traylor | corporate officer | 2024-12 | ||
| Michael Bean | corporate officer | 2004-12 | ||
| Michael Moody | corporate officer | 2022-01 | ||
| Richard Algood | corporate officer | 2015-02 | ||
| Scott Graeser | corporate officer | 2022-08 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2016-06-28 | change of ownership | Knd Development 68 Llc | Select Specialty Hospital -... |
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 |