Houston Methodist St. Catherine Ltac
dba Houston Methodist Continuing Care Hospital ·
Katy, Harris County, TX
· CCN 452118
Licensed to Houston Methodist St Catherine Hospital
Composite
70.3
rank score
Distress
87
FY2023
Fit
78
vs thesis
Estimated ticket
$30.4M–$122M
145 beds ·
within envelope
Ownership
nonprofit
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 30-45%
- 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
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $66.2M |
| Operating margin | -29.1% |
| Total margin | -17.4% |
| Days cash on hand | 0 |
| Current ratio | 0.05 |
| Occupancy | 37% |
Facility
| Beds | 145 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 124 | $34.8M | $-18.8M | -86.3% | -41.0% | 0 | 0.07 | 58% | 1,501 | 93 |
| 2021 | 124 | $49.6M | $-22.8M | -68.6% | -37.4% | 0 | 0.05 | 68% | 1,824 | 91 |
| 2022 | 145 | $51.8M | $-38.2M | -97.3% | -59.8% | 0 | 0.06 | 60% | 957 | 91 |
| 2023 | 145 | $66.2M | $-12.6M | -29.1% | -17.4% | 0 | 0.05 | 37% | 618 | 87 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| The Methodist Hospital | other | 100 | 2014-02 | |
| Anthony Defurio | corporate director | 2024-09 | ||
| Christopher Siebenaler | corporate director | 2024-02 | ||
| Gary Kempf | corporate officer | 2015-08 | ||
| Gary Kempf | w-2 managing employee | 2015-08 | ||
| Gregory Nelson | corporate director | 2021-02 | ||
| J Cheney | corporate director | 2021-02 | ||
| Lynn Schroth | corporate director | 2021-02 | ||
| Marc Boom | corporate director | 2014-02 | ||
| Methodist Health Centers | 5% or greater direct ownership interest | 2014-02 | ||
| Noel Rainey | corporate director | 2021-02 | ||
| Ramon Cantu | corporate director | 2014-02 | ||
| Robert Moses | corporate director | 2021-02 | ||
| The Methodist Hospital | operational/managerial control | 2014-02 | ||
| Tmh Health Care Group | 5% or greater indirect ownership interest | 2014-02 |
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 |