Crescent Medical Center Lancaster
Lancaster, Dallas County, TX
· CCN 670090
Licensed to Lancaster Regional Hospital, Lp
Composite
52.5
rank score
Distress
42
FY2023
Fit
84
vs thesis
Estimated ticket
$42.0M–$168M
84 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin negative
- under 30 days cash on hand
- occupancy below 30%
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $40.3M |
| Operating margin | -4.9% |
| Total margin | 9.1% |
| Days cash on hand | 2 |
| Current ratio | 3.23 |
| Occupancy | 14% |
Facility
| Beds | 84 |
| 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 | 84 | $48.1M | $3.3M | -7.9% | 6.0% | 20 | 1.42 | 12% | 1,019 | 57 |
| 2021 | 84 | $45.8M | $5.9M | 2.5% | 11.8% | 6 | 5.13 | 15% | 1,135 | 31 |
| 2022 | 84 | $41.8M | $-1.7M | -6.2% | -4.2% | 1 | 2.79 | 15% | 1,135 | 66 |
| 2023 | 84 | $40.3M | $4.2M | -4.9% | 9.1% | 2 | 3.23 | 14% | 1,071 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Abdul Hameed | 5% or greater direct ownership interest | 75 | 2018-09 | |
| Abdul Hameed | 5% or greater indirect ownership interest | 75 | 2018-09 | |
| Abdul Hameed | 5% or greater mortgage interest | 75 | 2018-09 | |
| Abdul Hameed | 5% or greater security interest | 75 | 2018-09 | |
| Abdul Hameed | general partnership interest | 75 | 2018-09 | |
| Abdul Hameed | limited partnership interest | 75 | 2018-09 | |
| Abdul Hameed | corporate officer | 75 | 2018-09 | |
| Abdul Hameed | corporate director | 75 | 2018-09 | |
| Abdul Hameed | operational/managerial control | 75 | 2018-09 | |
| Rajeswari Kumar | 5% or greater direct ownership interest | 25 | 2018-09 | |
| Rajeswari Kumar | 5% or greater indirect ownership interest | 25 | 2018-09 | |
| Rajeswari Kumar | 5% or greater mortgage interest | 25 | 2018-09 | |
| Rajeswari Kumar | 5% or greater security interest | 25 | 2018-09 | |
| Rajeswari Kumar | general partnership interest | 25 | 2018-09 | |
| Rajeswari Kumar | limited partnership interest | 25 | 2018-09 | |
| Rajeswari Kumar | corporate officer | 25 | 2018-09 | |
| Rajeswari Kumar | corporate director | 25 | 2018-09 | |
| Rajeswari Kumar | operational/managerial control | 25 | 2018-09 | |
| Rebecca Speight | corporate officer | 2018-09 |
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 |