St. Lukes Patients Medical Center
dba St. Luke's Patients Medical Center ·
Pasadena, Harris County, TX
· CCN 670031
Licensed to Pmc Hospital, Llc
Composite
76.0
rank score
Distress
83
FY2024
Fit
92
vs thesis
Estimated ticket
$16.1M–$64.4M
46 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin below -8%
- under 30 days cash on hand
- current liabilities exceed current assets
- liabilities exceed assets
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- small but workable bed count
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $71.7M |
| Operating margin | -9.9% |
| Total margin | -8.8% |
| Days cash on hand | 20 |
| Current ratio | 0.89 |
| Occupancy | 83% |
Facility
| Beds | 46 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 61 | $86.8M | $8.8M | 2.9% | 9.5% | 57 | 1.26 | 81% | 3,444 | 28 |
| 2022 | 61 | $89.5M | $4.3M | 4.6% | 4.8% | 26 | 1.59 | 80% | 3,529 | 30 |
| 2023 | 61 | $72.1M | $-5.1M | -9.6% | -6.9% | 7 | 1.21 | 62% | 3,075 | 68 |
| 2024 | 46 | $71.7M | $-6.3M | -9.9% | -8.8% | 20 | 0.89 | 83% | 3,138 | 83 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Commonspirit Health | 5% or greater indirect ownership interest | 100 | 2025-09 | |
| St. Lukes Health System Corporation | 5% or greater direct ownership interest | 100 | 2025-09 | chain |
| St. Lukes Health System Corporation | operational/managerial control | 100 | 2025-09 | chain |
| Bradley Lembcke | corporate officer | 2025-09 | ||
| Bradley Lembcke | corporate director | 2025-09 | ||
| Donnie Mclaughlin | corporate director | 2025-09 | ||
| James Parisi | corporate officer | 2025-07 | ||
| Jason Casey | corporate officer | 2023-03 | ||
| Jason Casey | operational/managerial control | 2023-03 | ||
| Megan Micaletti | corporate director | 2025-09 | ||
| Sally Luber | corporate director | 2021-08 | ||
| Sally Luber | operational/managerial control | 2021-08 | ||
| Stuart Brightman | corporate director | 2025-09 | ||
| Veronica Martin | corporate director | 2025-09 |
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 |