River Crest Hospital
San Angelo, TX · CCN 454064
Composite
73.1
rank score
Distress
85
FY2023
Fit
87
vs thesis
Estimated ticket
$15.4M–$61.6M
80 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating sharply
- 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
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $13.5M |
| Operating margin | -5.6% |
| Total margin | -5.5% |
| Days cash on hand | 0 |
| Current ratio | 0.73 |
| Occupancy | 53% |
Facility
| Beds | 80 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 80 | $16.0M | $2.1M | 12.9% | 13.1% | 0 | 0.56 | 58% | 2,779 | 49 |
| 2021 | 80 | $13.4M | $88.8K | 0.5% | 0.7% | 0 | 0.56 | 58% | 2,656 | 59 |
| 2022 | 80 | $13.3M | $-12.1K | -0.4% | -0.1% | 0 | 0.58 | 53% | 2,408 | 72 |
| 2023 | 80 | $13.5M | $-746K | -5.6% | -5.5% | 0 | 0.73 | 53% | 2,392 | 85 |
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 |