The Hospital At Westlake Medical Ctr
dba The Hospital At Westlake Medical Center ·
Austin, Travis County, TX
· CCN 670006
Licensed to Westlake Surgical Lp
Composite
67.3
rank score
Distress
90
FY2023
Fit
67
vs thesis
Estimated ticket
$8.1M–$32.2M
23 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- very small facility
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $35.9M |
| Operating margin | -17.1% |
| Total margin | -14.8% |
| Days cash on hand | 9 |
| Current ratio | 0.27 |
| Occupancy | 25% |
Facility
| Beds | 23 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 23 | $27.3M | $-10.2M | -38.8% | -36.9% | 27 | 0.17 | 21% | 720 | 100 |
| 2021 | 23 | $31.1M | $-2.5M | -9.6% | -8.0% | 0 | 0.14 | 23% | 890 | 90 |
| 2022 | 23 | $37.7M | $2.2M | -3.3% | 5.3% | 2 | 0.31 | 19% | 784 | 71 |
| 2023 | 23 | $35.9M | $-5.4M | -17.1% | -14.8% | 9 | 0.27 | 25% | 1,113 | 90 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Attila Llc | 5% or greater indirect ownership interest | 87 | 2020-05 | |
| Attila Lp Investor Llc | 5% or greater direct ownership interest | 79 | 2018-01 | |
| Michael Welch | 5% or greater indirect ownership interest | 74 | 2018-01 | |
| Attila Llc | operational/managerial control | 63 | 2020-01 | |
| Michael Welch | corporate officer | 42 | 2018-01 | |
| Michael Welch | corporate director | 42 | 2018-01 | |
| Attila Gp Investor Llc | 5% or greater direct ownership interest | 11 | 2018-01 | |
| Attila Gp Investor Llc | limited partnership interest | 11 | 2020-05 | |
| Katherine Welch | 5% or greater indirect ownership interest | 10 | 2021-07 | |
| Kbw 2021 Lifetime Family Trust | 5% or greater indirect ownership interest | 10 | 2021-07 | |
| Mtw 2021 Lifetime Family Trust | 5% or greater indirect ownership interest | 8 | 2021-07 | |
| Christopher Thompson | limited partnership interest | 1 | 2013-12 | |
| Don Miller Ii | 5% or greater indirect ownership interest | 0 | 2002-12 | |
| Jonathan Sheinberg | limited partnership interest | 0 | 2018-01 | |
| Eric Heinrich | limited partnership interest | 0 | 2009-05 | |
| Paul Playfair | limited partnership interest | 0 | 2006-04 | |
| Attila Gp Investor Llc | general partnership interest | 0 | 2018-01 | |
| Martin Molina | limited partnership interest | 0 | 2014-02 | |
| Joseph Snowden | limited partnership interest | 0 | 2004-04 | |
| Charles Byrd | limited partnership interest | 0 | 2014-08 | |
| Harold Lewis | limited partnership interest | 0 | 2014-01 | |
| Melody Denson | limited partnership interest | 0 | 2007-08 | |
| Michael Raymond | limited partnership interest | 0 | 2004-10 | |
| Alicia Parra | corporate director | 2016-11 | ||
| Andrea Brown | corporate director | 2021-12 |
Showing 25 of 37. Full list via /api/targets/670006.
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 |
|---|---|---|---|---|
| 2025-02-01 | Texas Heart Hospital Of The Southwest Llc | Baylor Heart & Vascular Center Llp | Baylor Heart And Vascular Hospital | 56 |
| 2024-10-30 | Hsa Port Arthur, Llc | The Medical Center Of Southeast Texas Lp | The Medical Ctr Of Southeast Texas | 196 |
| 2024-10-30 | Hsa St. Joseph, Llc | Sj Medical Center Llc | St Joseph Medical Center | 156 |
| 2024-10-17 | Big Spring Texas Hospital Company Llc | Steward Texas Hospital Holdings Llc | Scenic Mountain Medical Center | 75 |
| 2024-10-17 | Odessa Texas Hospital Company Llc | Odessa Regional Hospital Lp | Odessa Regional Hospital | 208 |
| 2024-06-01 | Columbia Medical Center Of Denton... | Decatur Health Services Llc | Medical City Denton | 184 |
| 2024-03-11 | Nacogdoches County Hospital District | Lion Star Nacogdoches Hospital, Llc | Nacogdoches Memorial Hosp | 160 |
| 2024-01-01 | Ahs Sherman Llc | Sherman Grayson Hospital Llc | Wilson N Jones Regional Medical Ctr | 214 |
| 2023-04-01 | Methodist Healthcare System Of San... | Hill Country Memorial Hospital | Hill Country Memorial Hospital | 57 |
| 2021-06-01 | Methodist Hospitals Of Dallas | Metsl, Llc | Methodist Southlake Medical Center | 22 |
| 2020-10-27 | Hendrick Medical Center | Armc Lp | Hendrick Medical Center | 533 |
| 2020-10-27 | Hendrick Medical Center Brownwood | Brownwood Hospital Lp | Hendrick Medical Center Brownwood | 63 |
| 2020-07-01 | St Joseph Regional Health Center | St Joseph Regional Health Center | St. Joseph Regional Health Center | 284 |
| 2020-04-01 | Christus Santa Rosa Health Care Corporation | Adventist Health System/sunbelt, Inc. | Christus Santa Rosa - San Marcos | 105 |
| 2020-03-01 | Sana Healthcare Carrollton | Baylor Medical Center At Carrollton | Carrollton Regional Medical Center | 89 |