Glen Oaks Hospital
Greenille, TX
· CCN 454050
Licensed to Glen Oaks Hospital Inc
Composite
55.0
rank score
Distress
38
FY2023
Fit
90
vs thesis
Estimated ticket
$14.8M–$59.4M
54 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- part of a multi-hospital chain — divestiture candidate
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $13.5M |
| Operating margin | 1.6% |
| Total margin | 2.6% |
| Days cash on hand | 0 |
| Current ratio | 0.33 |
| Occupancy | 91% |
Facility
| Beds | 54 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $275K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 54 | $10.8M | $-390K | -7.3% | -3.5% | 1 | -0.10 | 81% | 2,131 | 70 |
| 2021 | 54 | $12.1M | $97.9K | 0.6% | 0.8% | 0 | -0.23 | 89% | 2,222 | 46 |
| 2022 | 54 | $12.2M | $-328K | -3.0% | -2.7% | 0 | -0.24 | 86% | 2,373 | 59 |
| 2023 | 54 | $13.5M | $356K | 1.6% | 2.6% | 0 | 0.33 | 91% | 2,565 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Ramagano | corporate officer | 100 | 1985-07 | |
| Cheryl Ramagano | operational/managerial control | 100 | 1985-07 | |
| George Brunner | corporate officer | 100 | 1985-07 | |
| Katharine Lyver | corporate officer | 100 | 2024-01 | |
| Matthew Klein | corporate officer | 100 | 2010-10 | |
| Steve Filton | corporate officer | 100 | 1985-07 | |
| Thomas Day | corporate officer | 100 | 2021-07 | |
| Uhs Of Delaware Inc | operational/managerial control | 100 | 2014-01 | chain |
| Universal Health Services Inc | 5% or greater direct ownership interest | 100 | 1985-07 | |
| Alan Miller | 5% or greater indirect ownership interest | 87 | 2024-03 | |
| James Coleman | contracted managing employee | 50 | 1985-07 | |
| Steve Filton | corporate director | 33 | 1985-07 | |
| Thomas Day | corporate director | 33 | 2021-07 | |
| Harry Lemming | contracted managing employee | 2024-01 | ||
| Harry Lemming | corporate officer | 2024-01 | ||
| Jennifer Stevens | contracted managing employee | 2024-05 | ||
| Jennifer Stevens | corporate officer | 2024-05 | ||
| Matthew Peterson | corporate officer | 2019-09 | ||
| Matthew Peterson | corporate director | 2019-09 | ||
| Matthew Peterson | operational/managerial control | 2019-09 | ||
| Steve Filton | operational/managerial control | 1985-07 |
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 |