Mesquite Specialty Hospital
Mesquite, Dallas County, TX
· CCN 452100
Licensed to Mesquite Specialty Hospital Lp
Composite
80.9
rank score
Distress
94
FY2024
Fit
80
vs thesis
Estimated ticket
$8.4M–$33.6M
40 beds ·
within envelope
Ownership
for-profit
PE 6y
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
- PE-owned 6 years — approaching exit window
- 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 | $13.0M |
| Operating margin | -28.8% |
| Total margin | -28.4% |
| Days cash on hand | 2 |
| Current ratio | 0.01 |
| Occupancy | 52% |
Facility
| Beds | 40 |
| 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 | 40 | $15.3M | $-454K | -8.4% | -2.8% | 0 | 0.01 | 61% | 367 | 77 |
| 2022 | 40 | $12.2M | $-3.4M | -28.5% | -27.4% | 2 | 0.01 | 45% | 322 | 97 |
| 2023 | 40 | $13.1M | $-2.6M | -25.5% | -19.2% | 0 | 0.01 | 49% | 299 | 93 |
| 2024 | 40 | $13.0M | $-3.7M | -28.8% | -28.4% | 2 | 0.01 | 52% | 275 | 94 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Epoch Acquisition Inc | 5% or greater indirect ownership interest | 99 | 2018-10 | |
| Epoch Midco, Inc | 5% or greater indirect ownership interest | 99 | 2018-10 | |
| Epoch Parent Holdings Llc | 5% or greater indirect ownership interest | 99 | 2018-10 | |
| Epoch Parent Inc | 5% or greater indirect ownership interest | 99 | 2018-10 | |
| Ernest Health Holdings Llc | 5% or greater indirect ownership interest | 99 | 2012-02 | |
| Ernest Health, Inc | 5% or greater indirect ownership interest | 99 | 2005-11 | |
| Mesquite Specialty Hospital Holdings, Llc | limited partnership interest | 99 | 2005-09 | |
| One Equity Partners Vii Lp | 5% or greater indirect ownership interest | 57 | 2018-10 | PE |
| Capital One Na | 5% or greater security interest | 53 | 2018-10 | |
| Mpt Of Mesquite Llc | 5% or greater security interest | 47 | 2019-01 | |
| One Equity Partners Vii-A Lp | 5% or greater indirect ownership interest | 29 | 2018-10 | PE |
| One Equity Partners Vii-B Lp | 5% or greater indirect ownership interest | 12 | 2018-10 | PE |
| Mesquite Specialty Hospital Management, Llc | general partnership interest | 1 | 2005-09 | |
| Brenda Rowe | w-2 managing employee | 2022-11 | ||
| Caleb Reed | corporate officer | 2023-06 | ||
| Denise Kann | corporate officer | 2023-06 | ||
| Eudora Cannon | corporate officer | 2023-06 | ||
| Eudora Cannon | other | 2023-06 | ||
| Jacob Socha | corporate officer | 2023-06 |
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 |