Laurel Ridge Hospital
San Antonio, Bexar County, TX · CCN 454060
Composite
51.3
rank score
Distress
26
FY2023
Fit
99
vs thesis
Estimated ticket
$79.2M–$317M
288 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- under 30 days cash on hand
- margin deteriorating
- 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
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $92.2M |
| Operating margin | 25.8% |
| Total margin | 25.9% |
| Days cash on hand | 0 |
| Current ratio | 2.57 |
| Occupancy | 81% |
Facility
| Beds | 288 |
| 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 | 208 | $62.8M | $18.2M | 26.5% | 28.3% | 0 | 1.51 | 86% | 7,310 | 22 |
| 2021 | 288 | $80.5M | $24.7M | 29.7% | 30.4% | 0 | 4.68 | 76% | 8,151 | 22 |
| 2022 | 288 | $86.6M | $24.4M | 27.7% | 28.0% | 0 | 2.18 | 78% | 8,902 | 22 |
| 2023 | 288 | $92.2M | $23.9M | 25.8% | 25.9% | 0 | 2.57 | 81% | 9,496 | 26 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |