Cypress Creek Hospital
Houston, Harris County, TX
· CCN 454108
Licensed to Texas Cypress Creek Hospital Lp
Composite
57.6
rank score
Distress
35
FY2023
Fit
100
vs thesis
Estimated ticket
$35.2M–$141M
128 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- margin slipping
- 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 uses the capital envelope well
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $29.1M |
| Operating margin | 10.8% |
| Total margin | 11.7% |
| Days cash on hand | 0 |
| Current ratio | -0.00 |
| Occupancy | 76% |
Facility
| Beds | 128 |
| 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 | 128 | $24.4M | $3.4M | 10.8% | 13.4% | 0 | -0.16 | 72% | 3,884 | 36 |
| 2021 | 128 | $26.1M | $3.8M | 14.2% | 14.5% | 0 | 0.09 | 73% | 4,063 | 36 |
| 2022 | 128 | $26.7M | $2.8M | 10.2% | 10.4% | 0 | 0.09 | 74% | 4,231 | 36 |
| 2023 | 128 | $29.1M | $3.4M | 10.8% | 11.7% | 0 | -0.00 | 76% | 4,238 | 35 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Ramagano | corporate officer | 100 | 2010-11 | |
| George Brunner | corporate officer | 100 | 2010-11 | |
| James Coleman | operational/managerial control | 100 | 2010-11 | |
| 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 Hospitals Llc | 5% or greater indirect ownership interest | 100 | 2001-08 | |
| Psychiatric Solutions, Inc. | 5% or greater indirect ownership interest | 100 | 2001-08 | |
| 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 | 2010-11 | chain |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 100 | 2010-11 | |
| Texas Hospital Holdings Inc | limited partnership interest | 99 | 2001-08 | |
| Alan Miller | 5% or greater indirect ownership interest | 87 | 2024-03 | |
| Matthew Peterson | corporate director | 33 | 2019-09 | |
| Steve Filton | corporate director | 33 | 2010-11 | |
| Thomas Day | corporate director | 33 | 2021-07 | |
| Texas Hospital Holdings Llc | 5% or greater direct ownership interest | 1 | 2001-08 | |
| Texas Hospital Holdings Llc | general partnership interest | 1 | 2001-08 | |
| Amanda Vail | contracted managing employee | 2023-03 | ||
| Amanda Vail | corporate officer | 2023-03 | ||
| Michelle Person | contracted managing employee | 2024-06 | ||
| Michelle Person | corporate officer | 2024-06 |
Showing 25 of 26. Full list via /api/targets/454108.
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 |