Seton Medical Center Harker Heights
Harker Heights, Bell County, TX
· CCN 670080
Licensed to Hh Killeen Health System Llc
Composite
77.9
rank score
Distress
94
FY2024
Fit
89
vs thesis
Estimated ticket
$22.8M–$91.0M
65 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 45-60%
- margin deteriorating sharply
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size somewhat below the envelope
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $101M |
| Operating margin | -14.6% |
| Total margin | -14.4% |
| Days cash on hand | 0 |
| Current ratio | 0.73 |
| Occupancy | 46% |
Facility
| Beds | 65 |
| 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 | 65 | $134M | $-8.3M | -6.9% | -6.2% | 0 | 0.11 | 51% | 3,756 | 83 |
| 2022 | 65 | $95.5M | $7.1M | -1.3% | 7.1% | 0 | 1.25 | 58% | 3,766 | 54 |
| 2023 | 65 | $105M | $-887K | -6.3% | -0.8% | 0 | 0.60 | 50% | 3,887 | 79 |
| 2024 | 65 | $101M | $-14.5M | -14.6% | -14.4% | 0 | 0.73 | 46% | 4,052 | 94 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ahs Management Company Inc. | operational/managerial control | 100 | 2019-01 | |
| Donald Baker | w-2 managing employee | 100 | 2025-09 | |
| Lhp Hospital Group, Inc. | 5% or greater indirect ownership interest | 100 | 2012-07 | |
| Lhp Operations Co Llc | 5% or greater indirect ownership interest | 100 | 2012-07 | |
| Ahp Health Partners, Inc | 5% or greater indirect ownership interest | 80 | 2017-03 | |
| Ardent Health Inc | 5% or greater indirect ownership interest | 80 | 2017-03 | |
| Ardent Legacy Holdings Llc | 5% or greater indirect ownership interest | 80 | 2019-01 | |
| Lhp Hh Killeen, Llc | 5% or greater direct ownership interest | 80 | 2012-07 | |
| Ascension Seton | 5% or greater direct ownership interest | 20 | 2012-06 | |
| Martin Bonick | corporate officer | 2021-09 | ||
| Mary Crabtree | corporate officer | 2019-01 | ||
| Stephen Petrovich | corporate officer | 2017-03 |
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 |