Austin State Hospital
Austin, Travis County, TX
· CCN 454084
Licensed to Health And Human Services Commission
Composite
74.5
rank score
Distress
82
FY2024
Fit
94
vs thesis
Estimated ticket
$38.3M–$153M
199 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating sharply
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $47.2M |
| Operating margin | -82.2% |
| Total margin | -182.2% |
| Days cash on hand | 0 |
| Current ratio | -84.79 |
| Occupancy | 92% |
Facility
| Beds | 199 |
| 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 | 263 | $61.5M | $-67.0M | -9.0% | -109.0% | 0 | -72.41 | 76% | 304 | 74 |
| 2022 | 199 | $49.6M | $-59.8M | -20.6% | -120.6% | 0 | -84.37 | 81% | 200 | 80 |
| 2023 | 268 | $50.2M | $-71.0M | -45.1% | -3,989.0% | 0 | 77.46 | 61% | 100 | 67 |
| 2024 | 199 | $47.2M | $-86.0M | -82.2% | -182.2% | 0 | -84.79 | 92% | 193 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Health And Human Services Commission | operational/managerial control | 2022-05 | ||
| Kristy Carr | operational/managerial control | 2022-05 | ||
| Stacey Thompson | w-2 managing employee | 2019-02 |
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 |