Atrium Medical Center
Stafford, Fort Bend County, TX
· CCN 452114
Licensed to Atrium Medical Center, Lp
Composite
69.4
rank score
Distress
100
FY2023
Fit
61
vs thesis
Estimated ticket
$2.9M–$5.7M
68 beds ·
within envelope
Ownership
for-profit
LTCH
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 below 30%
- margin deteriorating sharply
- TX: favorable regulatory climate
- rural — cheaper but limited density
- LTCH — distress here is a payment-model artifact
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $10.3M |
| Operating margin | -19.6% |
| Total margin | -19.6% |
| Days cash on hand | 13 |
| Current ratio | 0.19 |
| Occupancy | 15% |
Facility
| Beds | 68 |
| Facility type | LTCH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $42.0K |
| Per-bed (high) | $84.0K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 68 | $10.0M | $-560K | -5.9% | -5.6% | 143 | 0.47 | 18% | 187 | 69 |
| 2022 | 68 | $8.9M | $-2.9M | -32.3% | -32.3% | 15 | 0.14 | 15% | 147 | 100 |
| 2023 | 68 | $10.3M | $-2.0M | -19.6% | -19.6% | 13 | 0.19 | 15% | 124 | 100 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Shatishkumar Patel | 5% or greater indirect ownership interest | 92 | 2021-05 | |
| Bhartiben Patel | 5% or greater indirect ownership interest | 4 | 2021-05 | |
| Hetal Patel | 5% or greater indirect ownership interest | 4 | 2021-05 | |
| Texas Healthcare Alliance Llc | general partnership interest | 1 | 2021-05 | |
| Ahmad Zaid | corporate officer | 2013-07 | ||
| Shatishkumar Patel | w-2 managing employee | 2005-11 |
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 |