Terrell State Hospital
Terrell, Kaufman County, TX
· CCN 454006
Licensed to Health And Human Services Commission
Composite
71.4
rank score
Distress
76
FY2024
Fit
93
vs thesis
Estimated ticket
$58.7M–$235M
305 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- current ratio below 0.8
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- large — ticket likely stretches the envelope
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $52.8M |
| Operating margin | -64.9% |
| Total margin | — |
| Days cash on hand | 0 |
| Current ratio | -91.45 |
| Occupancy | 65% |
Facility
| Beds | 305 |
| Facility type | PH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 305 | $54.8M | $-65.2M | -18.9% | — | 0 | -78.79 | 68% | 1,011 | 76 |
| 2022 | 305 | $43.1M | $-63.1M | -46.3% | — | 0 | -87.61 | 54% | 984 | 79 |
| 2023 | 305 | $43.6M | $-75.5M | -73.1% | — | 0 | -75.21 | 64% | 1,298 | 76 |
| 2024 | 305 | $52.8M | $-87.0M | -64.9% | — | 0 | -91.45 | 65% | 1,311 | 76 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Health And Human Services Commission | operational/managerial control | 2017-09 | ||
| Kristy Carr | corporate director | 2023-01 | ||
| Kristy Carr | operational/managerial control | 2023-01 | ||
| Mark Messer | corporate director | 2020-01 | ||
| Mark Messer | operational/managerial control | 2020-01 |
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 |
|---|---|---|---|---|
| 2020-07-01 | Lpnt Bh Acquisition 2, Llc | Srp Behavioral Hospital Of Fort Worth Llc | Wellbridge Healthcare Fort Worth | 48 |