Texas Health Hospital Mansfield
Mansfield, TX
· CCN 670309
Licensed to Texas Health Hospital Mansfield
Composite
59.2
rank score
Distress
59
FY2023
Fit
77
vs thesis
Estimated ticket
$25.1M–$100M
59 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- occupancy below 30%
- part of a multi-hospital chain — divestiture candidate
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size somewhat below the envelope
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $72.9M |
| Operating margin | -7.0% |
| Total margin | -4.5% |
| Days cash on hand | 25 |
| Current ratio | 2.62 |
| Occupancy | 26% |
Facility
| Beds | 59 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 59 | $31.7M | $-46.0M | -157.0% | -129.8% | 19 | 1.16 | 25% | 1,299 | 79 |
| 2022 | 59 | $47.7M | $-18.1M | -39.5% | -37.4% | 11 | 2.56 | 25% | 1,647 | 76 |
| 2023 | 59 | $72.9M | $-3.4M | -7.0% | -4.5% | 25 | 2.62 | 26% | 1,934 | 59 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Texas Health Huguley Inc | 5% or greater direct ownership interest | 100 | 2018-08 | |
| Texas Health Resources | 5% or greater indirect ownership interest | 51 | 2018-08 | chain |
| Adventist Health System Sunbelt Healthcare Corporation | 5% or greater indirect ownership interest | 49 | 2018-08 | |
| Adventist Health System Sunbelt Inc | 5% or greater indirect ownership interest | 49 | 2018-08 | |
| Andrew Jahn | corporate director | 2024-12 | ||
| Audrey Gregory | corporate officer | 2025-08 | ||
| Audrey Gregory | corporate director | 2025-08 | ||
| Beverly Morgan | corporate officer | 2025-08 | ||
| Erin Parde | contracted managing employee | 2025-09 | ||
| Erin Parde | corporate officer | 2025-09 | ||
| Erin Parde | operational/managerial control | 2025-09 | ||
| Eulanie Lashley | contracted managing employee | 2024-03 | ||
| Eulanie Lashley | corporate officer | 2024-03 | ||
| Eulanie Lashley | operational/managerial control | 2024-03 | ||
| Haney Vincent | corporate officer | 2021-12 | ||
| James King | corporate officer | 2018-08 | ||
| James King | corporate director | 2018-08 | ||
| Jesse Kleven | contracted managing employee | 2025-07 | ||
| Jesse Kleven | corporate officer | 2025-07 | ||
| Jesse Kleven | operational/managerial control | 2025-07 | ||
| Jesse Sutton | corporate officer | 2021-12 | ||
| John Page | corporate director | 2016-06 | ||
| Karsten Randolph | corporate officer | 2023-04 | ||
| Karsten Randolph | corporate director | 2021-12 | ||
| Lynn Addiscott | corporate officer | 2012-06 |
Showing 25 of 29. Full list via /api/targets/670309.
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 |