Mid Jefferson Extended Care Hospt.
dba Mid Jefferson Extended Care Hospital ·
Beaumont, Jefferson County, TX
· CCN 452083
Licensed to Post Acute Enterprises Llc
Composite
55.2
rank score
Distress
56
FY2024
Fit
75
vs thesis
Estimated ticket
$7.7M–$30.6M
30 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- occupancy 30-45%
- 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
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $12.0M |
| Operating margin | -1.5% |
| Total margin | -0.8% |
| Days cash on hand | 8 |
| Current ratio | 15.79 |
| Occupancy | 39% |
Facility
| Beds | 30 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 78 | $29.2M | $7.5M | 19.6% | 24.3% | 68 | -773.79 | 55% | 868 | 26 |
| 2022 | 78 | $23.0M | $3.2M | 8.2% | 13.2% | 15 | -55.13 | 44% | 664 | 41 |
| 2023 | 30 | $19.8M | $503K | 1.9% | 2.5% | 24 | -4.81 | 47% | 611 | 44 |
| 2024 | 30 | $12.0M | $-91.1K | -1.5% | -0.8% | 8 | 15.79 | 39% | 165 | 56 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Priority Hospital Group Llc | operational/managerial control | 100 | 2015-01 | |
| Alexander Blondeau | 5% or greater direct ownership interest | 17 | 2015-01 | |
| Anrand Llc | 5% or greater direct ownership interest | 17 | 2015-01 | |
| Cemp Llc | 5% or greater direct ownership interest | 17 | 2015-01 | |
| Centermark Management Llc | 5% or greater direct ownership interest | 17 | 2015-01 | |
| Douglas Boulware | 5% or greater direct ownership interest | 17 | 2015-01 | |
| Mark Rice | 5% or greater indirect ownership interest | 17 | 2015-01 | |
| Christopher Wright | 5% or greater indirect ownership interest | 16 | 2015-01 | |
| Kw Assets Llc | 5% or greater direct ownership interest | 16 | 2015-01 | |
| Bridget Day | 5% or greater indirect ownership interest | 8 | 2015-01 | |
| Milton Day | 5% or greater indirect ownership interest | 8 | 2015-01 | |
| Anastasia Means | 5% or greater indirect ownership interest | 6 | 2015-01 | |
| Noble Means | 5% or greater indirect ownership interest | 6 | 2015-01 | |
| William Means | 5% or greater indirect ownership interest | 6 | 2015-01 | |
| Mark Rice | operational/managerial control | 2015-01 | ||
| Wade Lester | corporate officer | 2015-01 | ||
| Wade Lester | w-2 managing employee | 2015-01 | ||
| Wade Lester | operational/managerial control | 2015-01 |
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 |