Solara Specialty Harlingen
dba Solara Specialty Hospitals Harlingen ·
Harlingen, Cameron County, TX
· CCN 452101
Licensed to Solara Hospital Harlingen Lp
Composite
54.6
rank score
Distress
38
FY2024
Fit
89
vs thesis
Estimated ticket
$24.6M–$98.4M
82 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin under 2%
- 90-150 days cash on hand
- current liabilities exceed current assets
- liabilities exceed assets
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- bed count in the target band
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $35.1M |
| Operating margin | 0.8% |
| Total margin | 5.6% |
| Days cash on hand | 90 |
| Current ratio | 1.00 |
| Occupancy | 79% |
Facility
| Beds | 82 |
| 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 | 82 | $37.9M | $4.0M | 10.4% | 10.6% | 118 | 1.36 | 80% | 1,018 | 12 |
| 2022 | 82 | $38.4M | $2.2M | 4.7% | 5.6% | 105 | 1.33 | 84% | 1,038 | 12 |
| 2023 | 82 | $45.6M | $4.0M | 8.7% | 8.7% | 51 | 1.35 | 84% | 1,192 | 31 |
| 2024 | 82 | $35.1M | $2.0M | 0.8% | 5.6% | 90 | 1.00 | 79% | 978 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cornerstone Healthcare Group Holding Inc | 5% or greater indirect ownership interest | 100 | 2010-08 | |
| Kentucky Hospital Holdings Jv Lp | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Kentucky Hospital Holdings Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Kentucky Hospital Intermediate Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Kindred Healthcare Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Kindred Healthcare Operating Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | chain |
| Knight Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Knight Health Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Solara Healthcare, Llp | 5% or greater indirect ownership interest | 46 | 2003-09 | |
| Dana Rock | corporate officer | 2024-12 | ||
| Deanna Schiavone | corporate officer | 2023-01 | ||
| Jacquelyn Davis | w-2 managing employee | 2025-09 | ||
| Johnetta Traylor | corporate officer | 2024-12 | ||
| Linn Billingsley | corporate officer | 2025-03 | ||
| Michael Bean | corporate officer | 2023-01 | ||
| Scott Graeser | corporate officer | 2023-01 |
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 |