Baylor Orthopedic And Spine Hospital
dba Baylor Scott & White Orthopedic And Spine Hospital ·
Arlington, Tarrant County, TX
· CCN 670067
Licensed to Arlington Orthopedic And Spine Hospital, Llc
Composite
36.1
rank score
Distress
17
FY2023
Fit
71
vs thesis
Estimated ticket
$12.0M–$48.0M
24 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- 60-90 days cash on hand
- occupancy 30-45%
- margin slipping
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- very small facility
- small ticket — deploys little of the available capital
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $140M |
| Operating margin | 42.5% |
| Total margin | 42.5% |
| Days cash on hand | 76 |
| Current ratio | 2.44 |
| Occupancy | 39% |
Facility
| Beds | 24 |
| 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 | 24 | $111M | $49.2M | 41.8% | 43.2% | 153 | 2.49 | 35% | 1,464 | 6 |
| 2021 | 24 | $131M | $66.2M | 50.1% | 50.2% | 81 | 3.76 | 32% | 1,440 | 16 |
| 2022 | 24 | $134M | $53.7M | 39.8% | 40.0% | 37 | 2.77 | 25% | 1,120 | 26 |
| 2023 | 24 | $140M | $59.6M | 42.5% | 42.5% | 76 | 2.44 | 39% | 1,756 | 17 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Usp North Texas Inc | 5% or greater indirect ownership interest | 50 | 2007-12 | |
| Novum Orthopedic Partners Management Llc | 5% or greater direct ownership interest | 15 | 2021-12 | |
| Allan Beck | corporate officer | 2007-12 | ||
| Allan Beck | w-2 managing employee | 2010-02 | ||
| Aoa Hospital Partners, Llc | 5% or greater direct ownership interest | 2008-01 | ||
| Baylor University Medical Center | 5% or greater indirect ownership interest | 2023-07 | ||
| Donita Fleming | corporate officer | 2023-11 | ||
| Donita Fleming | corporate director | 2023-11 | ||
| Donita Fleming | w-2 managing employee | 2023-11 | ||
| Hcn Surgery Center Holdings Inc | 5% or greater indirect ownership interest | 2023-07 | ||
| Houston Northwest Partners Ltd | 5% or greater indirect ownership interest | 2015-06 | ||
| Tenet Healthcare Corporation | 5% or greater indirect ownership interest | 2023-07 | ||
| Texas Health Venture Arlington Hospital, Llc | 5% or greater direct ownership interest | 2023-07 | ||
| Texas Health Ventures Group Llc | 5% or greater indirect ownership interest | 2023-07 | ||
| United Surgical Partners Holdings Inc | 5% or greater indirect ownership interest | 2007-12 | ||
| United Surgical Partners International Inc | 5% or greater indirect ownership interest | 2023-07 | ||
| Usp Domestic Holdings Inc | 5% or greater indirect ownership interest | 2023-07 | ||
| Uspi Group Holdings Inc | 5% or greater indirect ownership interest | 2023-07 | ||
| Uspi Holding Company Inc | 5% or greater indirect ownership interest | 2023-07 | ||
| Uspi Holdings Inc | 5% or greater indirect ownership interest | 2023-07 | ||
| Vhs San Antonio Partners Llc | other | 2023-07 |
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 |