Continuecare Hospital At Medical Cen
dba Continuecare Hospital At Medical Center Odessa ·
Odessa, Ector County, TX
· CCN 452121
Licensed to Continuecare Hospital At Odessa Inc
Composite
71.8
rank score
Distress
92
FY2024
Fit
76
vs thesis
Estimated ticket
$5.2M–$21.0M
25 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
- 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
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $8.6M |
| Operating margin | -10.8% |
| Total margin | -10.7% |
| Days cash on hand | 13 |
| Current ratio | 0.51 |
| Occupancy | 69% |
Facility
| Beds | 25 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $10.4M | $1.9M | 14.3% | 17.3% | 90 | 0.88 | 76% | 282 | 24 |
| 2022 | 25 | $10.9M | $713K | 4.4% | 6.4% | 47 | 1.01 | 75% | 239 | 28 |
| 2023 | 25 | $10.5M | $-152K | -1.5% | -1.4% | 9 | 0.82 | 76% | 243 | 66 |
| 2024 | 25 | $8.6M | $-916K | -10.8% | -10.7% | 13 | 0.51 | 69% | 207 | 92 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Chc Community Care, Llc | 5% or greater indirect ownership interest | 100 | 2015-05 | |
| Adebola Awino | corporate officer | 2024-02 | ||
| Adebola Awino | w-2 managing employee | 2024-02 | ||
| April Myers | corporate director | 2016-01 | ||
| Chester Cooper | corporate director | 2020-06 | ||
| Keith Rogers | corporate officer | 2024-02 | ||
| Meredith Mckeehan | corporate director | 2019-06 | ||
| Michael Murray | corporate officer | 2018-02 | ||
| Patricia Eaton | corporate director | 2021-06 |
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 |