Kingwood Emergency Hospital
dba Elite Hospital Kingwood ·
Kingwood, TX
· CCN 670285
Licensed to 23330 Emergency Center, Llc
Composite
33.9
rank score
Distress
22
FY2023
Fit
60
vs thesis
Estimated ticket
$3.0M–$12.0M
6 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 90-150 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $18.8M |
| Operating margin | 22.1% |
| Total margin | 24.1% |
| Days cash on hand | 103 |
| Current ratio | 4.46 |
| Occupancy | 12% |
Facility
| Beds | 6 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 6 | $34.6M | $16.3M | 44.8% | 46.0% | 26 | 3.59 | 46% | 343 | 24 |
| 2022 | 6 | $20.1M | $5.9M | 27.3% | 28.9% | 45 | 4.54 | 17% | 199 | 26 |
| 2023 | 6 | $18.8M | $4.7M | 22.1% | 24.1% | 103 | 4.46 | 12% | 149 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Radera, Llc | 5% or greater direct ownership interest | 40 | 2017-11 | |
| 02 Holdings, Llc | 5% or greater direct ownership interest | 18 | 2017-11 | |
| Facility Enterprises-Kingwood | 5% or greater direct ownership interest | 17 | 2017-11 | |
| Shawcroft Holdings Llc | 5% or greater direct ownership interest | 17 | 2017-10 | |
| Healthcare Development And Consulting Llc | 5% or greater direct ownership interest | 6 | 2017-10 | |
| Jeremy Brynes | other | 2 | 2021-03 | |
| Jeremy Brynes | w-2 managing employee | 2018-11 | ||
| Jeremy Brynes | operational/managerial control | 2018-11 |
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 |