Cedar Crest Hospital
dba Cedar Crest Hospital & Rtc ·
Belton, Bell County, TX
· CCN 454114
Licensed to Hmih Cedar Crest, Llc
Composite
54.2
rank score
Distress
31
FY2023
Fit
96
vs thesis
Estimated ticket
$18.7M–$74.8M
68 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- under 30 days cash on hand
- current liabilities exceed current assets
- 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 somewhat below the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $35.6M |
| Operating margin | 16.6% |
| Total margin | 16.7% |
| Days cash on hand | 0 |
| Current ratio | 0.99 |
| Occupancy | 75% |
Facility
| Beds | 68 |
| 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 | 68 | $29.1M | $5.0M | 17.1% | 17.1% | 0 | 2.45 | 75% | 2,343 | 22 |
| 2021 | 68 | $34.3M | $7.2M | 20.8% | 20.9% | 0 | 1.80 | 81% | 2,382 | 22 |
| 2022 | 68 | $37.7M | $9.4M | 24.7% | 24.8% | 0 | 2.47 | 83% | 2,490 | 22 |
| 2023 | 68 | $35.6M | $5.9M | 16.6% | 16.7% | 0 | 0.99 | 75% | 594 | 31 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Acadia Healthcare Company Inc | 5% or greater indirect ownership interest | 100 | 2012-12 | chain |
| Commodore Acquisition Sub, Llc | 5% or greater direct ownership interest | 100 | 2012-11 | |
| Brian Farley | corporate officer | 2023-07 | ||
| Deborah Kraemer | w-2 managing employee | 2012-06 | ||
| Debra Osteen | corporate officer | 2026-01 | ||
| Nelson Wanee | w-2 managing employee | 2025-02 | ||
| Stacie Harty | w-2 managing employee | 2018-06 | ||
| Timothy Sides | w-2 managing employee | 2023-06 | ||
| Todd Young | corporate officer | 2025-10 |
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 |