Altus Houston Hospital Lp
Houston, Harris County, TX
· CCN 670135
Licensed to West Chase Houston Hospital Lp
Composite
65.7
rank score
Distress
90
FY2023
Fit
63
vs thesis
Estimated ticket
$3.5M–$14.0M
10 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 below 30%
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $12.0M |
| Operating margin | -33.1% |
| Total margin | -33.1% |
| Days cash on hand | 0 |
| Current ratio | 0.76 |
| Occupancy | 12% |
Facility
| Beds | 10 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 10 | $27.1M | $-9.2M | -34.0% | -34.0% | 1 | 0.51 | 60% | 1,756 | 91 |
| 2021 | 10 | $27.1M | $-9.2M | -34.0% | -34.0% | 1 | 0.51 | 60% | 1,756 | 91 |
| 2022 | 10 | $18.3M | $-8.4M | -45.7% | -45.7% | 18 | 0.23 | 75% | 5,814 | 91 |
| 2023 | 10 | $12.0M | $-4.0M | -33.1% | -33.1% | 0 | 0.76 | 12% | 5 | 90 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Altus Healthcare Management L.p. | 5% or greater direct ownership interest | 19 | 2015-11 | |
| Zt Surgery (Houston) Lp | 5% or greater direct ownership interest | 15 | 2018-02 | |
| Pasha Real Estate Investments Inc | 5% or greater direct ownership interest | 11 | 2018-02 | |
| Shalin Llc | 5% or greater direct ownership interest | 9 | 2017-10 | |
| Manish K Patel Dpm Pa | limited partnership interest | 6 | 2017-11 | |
| Zt Corporate Finance Llc | 5% or greater direct ownership interest | 5 | 2016-10 | |
| Sepn Holdings Llc | 5% or greater direct ownership interest | 5 | 2018-02 | |
| Greater Houston Spine Llc | limited partnership interest | 4 | 2016-04 | |
| Advanced Houston Surgical, Pllc | limited partnership interest | 4 | 2017-07 | |
| Jammy 71 Enterprises Llc | limited partnership interest | 4 | 2018-02 | |
| Harbour Place Llc | limited partnership interest | 2 | 2018-02 | |
| Northwest Association Of Spinal Intervation Ltd | limited partnership interest | 2 | 2018-02 | |
| Wani Flp | limited partnership interest | 2 | 2016-03 | |
| Altus Alliance Of Houston Physicians Lp | limited partnership interest | 2 | 2017-12 | |
| Dr. Maxwell S. Adu-Lartey Pa. | limited partnership interest | 1 | 2017-11 | |
| Lift Plastic Surgery Pllc | limited partnership interest | 1 | 2017-12 | |
| Altus Hospital Gp Llc | general partnership interest | 1 | 2016-10 | |
| Matorin Management Llc | limited partnership interest | 1 | 2016-01 | |
| James C Lai Md Pllc | limited partnership interest | 1 | 2016-01 | |
| First Choice Spine Care Pllc | limited partnership interest | 1 | 2016-01 | |
| Marzia Khan | operational/managerial control | 2025-11 |
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 |