St. Lukes Sugar Land Hospital
dba St. Luke's Sugar Land Hospital ·
Sugar Land, Fort Bend County, TX
· CCN 670053
Licensed to St Lukes Community Development Corporation - Sugar Land
Composite
75.7
rank score
Distress
84
FY2024
Fit
90
vs thesis
Estimated ticket
$35.0M–$140M
100 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- 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
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $94.6M |
| Operating margin | -12.7% |
| Total margin | -9.6% |
| Days cash on hand | 1 |
| Current ratio | -1.73 |
| Occupancy | 53% |
Facility
| Beds | 100 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 | 100 | $88.6M | $6.9M | -2.8% | 7.0% | 4 | 0.38 | 68% | 5,157 | 62 |
| 2022 | 100 | $89.0M | $-11.9M | -16.2% | -13.0% | 8 | 0.34 | 65% | 5,255 | 91 |
| 2023 | 100 | $84.9M | $-13.6M | -24.0% | -14.8% | 2 | 0.22 | 58% | 4,903 | 93 |
| 2024 | 100 | $94.6M | $-9.3M | -12.7% | -9.6% | 1 | -1.73 | 53% | 4,364 | 84 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Commonspirit Health | 5% or greater direct ownership interest | 100 | 2013-06 | |
| Commonspirit Health | 5% or greater indirect ownership interest | 100 | 2013-06 | |
| St. Lukes Health System Corporation | 5% or greater indirect ownership interest | 100 | 2012-01 | chain |
| Brad Beers | corporate director | 2021-06 | ||
| Brooks Bass | corporate director | 2021-06 | ||
| Demetress Harrell | corporate director | 2021-07 | ||
| Doug Lawson | operational/managerial control | 2018-03 | ||
| Doug Lawson | other | 2018-03 | ||
| Frank Ashley | corporate director | 2021-06 | ||
| Gary Whitlock | corporate director | 2021-06 | ||
| Indira Anupindi | corporate director | 2021-07 | ||
| James White | corporate director | 2021-06 | ||
| Jane Ainsworth | corporate director | 2021-06 | ||
| Jason Casey | corporate officer | 2023-03 | ||
| Jason Casey | w-2 managing employee | 2023-03 | ||
| Michael Steines | corporate director | 2024-03 | ||
| Robert Upchurch | corporate director | 2021-06 | ||
| St Lukes Community Development Corporation - Sugar Land | 5% or greater direct ownership interest | 2012-01 | ||
| St Lukes Community Development Corporation - Sugar Land | operational/managerial control | 2012-01 | ||
| St Lukes Health Clinical Operations | 5% or greater direct ownership interest | 2021-06 | ||
| Steven Foster | contracted managing employee | 2019-01 | ||
| Steven Foster | corporate officer | 2016-08 |
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 |