Ad Hospital East Llc
Houston, Harris County, TX
· CCN 670102
Licensed to Ad Hospital East Llc
Composite
56.5
rank score
Distress
51
FY2023
Fit
84
vs thesis
Estimated ticket
$68.0M–$272M
160 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- 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 | $713M |
| Operating margin | 91.5% |
| Total margin | -5.5% |
| Days cash on hand | 0 |
| Current ratio | -0.98 |
| Occupancy | 12% |
Facility
| Beds | 160 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 41 | $32.6M | $-17.7M | -54.5% | -54.2% | 0 | 7.96 | 45% | 1,276 | 72 |
| 2021 | 54 | $33.3M | $-34.3M | -117.5% | -90.1% | 0 | 0.90 | 8% | 866 | 96 |
| 2022 | 159 | $24.7M | $-44.3M | -192.5% | -158.8% | 0 | 0.25 | 10% | 1,194 | 100 |
| 2023 | 160 | $713M | $-39.2M | 91.5% | -5.5% | 0 | -0.98 | 12% | 2,010 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Lucky Chopra | 5% or greater direct ownership interest | 100 | 2016-01 | |
| Lucky Chopra | corporate officer | 100 | 2016-01 | |
| Morgan King | corporate director | 2024-08 | ||
| Rick Zachardy | corporate director | 2025-07 | ||
| Robert Turner | corporate officer | 2016-01 | ||
| Robert Turner | w-2 managing employee | 2016-01 | ||
| Robert Turner | operational/managerial control | 2016-01 | ||
| Vicki Morgan | corporate director | 2025-04 |
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 |