Kingwood Pines Hospital
Kingwood, Harris County, TX
· CCN 454103
Licensed to Shc-Kph, Lp
Composite
54.7
rank score
Distress
32
FY2023
Fit
96
vs thesis
Estimated ticket
$31.9M–$128M
116 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- 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
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $26.6M |
| Operating margin | 8.3% |
| Total margin | 8.5% |
| Days cash on hand | 0 |
| Current ratio | 0.33 |
| Occupancy | 74% |
Facility
| Beds | 116 |
| 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 | 116 | $18.1M | $373K | -1.1% | 2.0% | 0 | 2.15 | 63% | 2,960 | 41 |
| 2021 | 116 | $22.5M | $2.4M | 10.2% | 10.7% | 0 | 1.75 | 72% | 3,473 | 22 |
| 2022 | 116 | $25.3M | $3.2M | 12.4% | 12.5% | 0 | 0.72 | 72% | 3,691 | 36 |
| 2023 | 116 | $26.6M | $2.3M | 8.3% | 8.5% | 0 | 0.33 | 74% | 3,894 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Ramagano | corporate officer | 100 | 2010-11 | |
| George Brunner | corporate officer | 100 | 2010-11 | |
| Horizon Health Corporation | 5% or greater indirect ownership interest | 100 | 2007-12 | |
| Horizon Health Hospital Services Llc | 5% or greater indirect ownership interest | 100 | 2007-12 | |
| Katharine Lyver | corporate officer | 100 | 2024-01 | |
| Matthew Klein | corporate officer | 100 | 2010-11 | |
| Matthew Peterson | corporate officer | 100 | 2019-09 | |
| Matthew Peterson | operational/managerial control | 100 | 2019-09 | |
| Psychiatric Solutions, Inc. | 5% or greater indirect ownership interest | 100 | 1989-07 | |
| Steve Filton | corporate officer | 100 | 2010-11 | |
| Steve Filton | operational/managerial control | 100 | 2010-11 | |
| Thomas Day | corporate officer | 100 | 2021-07 | |
| Uhs Of Delaware Inc | operational/managerial control | 100 | 2006-07 | chain |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 100 | 2010-11 | |
| Kingwood Pines Hospital, Llc | 5% or greater direct ownership interest | 100 | 2005-01 | |
| Kingwood Pines Hospital, Llc | limited partnership interest | 100 | 2005-01 | |
| Alan Miller | 5% or greater indirect ownership interest | 87 | 2024-03 | |
| James Coleman | contracted managing employee | 50 | 2010-11 | |
| Matthew Klein | corporate director | 33 | 2010-11 | |
| Matthew Peterson | corporate director | 33 | 2019-09 | |
| Steve Filton | corporate director | 33 | 2010-11 | |
| Thomas Day | corporate director | 33 | 2021-07 | |
| Ida Davis | contracted managing employee | 2023-10 | ||
| Ida Davis | corporate officer | 2023-10 | ||
| Kristin Williams | contracted managing employee | 2019-08 |
Showing 25 of 26. Full list via /api/targets/454103.
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 |