Cedar Park Regional Medical Center
dba Ascension Seton Cedar Park ·
Cedar Park, Travis County, TX
· CCN 670043
Licensed to Cedar Park Health System Llc
Composite
54.7
rank score
Distress
32
FY2023
Fit
96
vs thesis
Estimated ticket
$56.0M–$224M
112 beds ·
within envelope
Ownership
for-profit
STH
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
- 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 | $181M |
| Operating margin | 12.7% |
| Total margin | 13.6% |
| Days cash on hand | 0 |
| Current ratio | -2.29 |
| Occupancy | 60% |
Facility
| Beds | 112 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 100 | $138M | $16.2M | 8.5% | 11.3% | 0 | 2.36 | 55% | 5,206 | 24 |
| 2021 | 126 | $169M | $27.0M | 13.4% | 15.6% | 0 | 10.90 | 57% | 6,488 | 24 |
| 2022 | 115 | $173M | $19.2M | 10.1% | 11.0% | 0 | -1.58 | 58% | 6,302 | 38 |
| 2023 | 112 | $181M | $24.8M | 12.7% | 13.6% | 0 | -2.29 | 60% | 6,476 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ascension Texas | 5% or greater direct ownership interest | 99 | 2025-06 | |
| Cp Hospital Gp Llc | 5% or greater direct ownership interest | 1 | 2007-12 | |
| Andrew Lane | w-2 managing employee | 2025-02 | ||
| Andrew Lane | other | 2025-02 | ||
| Ascension Health | operational/managerial control | 2025-06 | ||
| Ascension Seton | operational/managerial control | 2025-06 | chain | |
| Ashley Dickinson | w-2 managing employee | 2023-08 | ||
| Ashley Dickinson | other | 2023-08 | ||
| Cedar Park Health System Llc | operational/managerial control | 2025-06 | ||
| Cp Hospital Gp Llc | general partnership interest | 2007-12 | ||
| Cp Hospital Gp Llc | operational/managerial control | 2007-12 | ||
| James Youssef | corporate officer | 2025-06 | ||
| James Youssef | w-2 managing employee | 2025-06 | ||
| John Thresher | w-2 managing employee | 2024-08 | ||
| John Thresher | other | 2024-08 | ||
| Julie Holly | w-2 managing employee | 2013-03 | ||
| Julie Holly | operational/managerial control | 2013-03 | ||
| Sean Tinney | w-2 managing employee | 2024-01 |
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 |