dealflow
envelope $200M

← Targets

Legent Surgical Hospital Plano

Plano, Collin County, TX · CCN 670322
Licensed to Star Medical Center Llc

Composite
61.7
rank score
Distress
81
FY2024
Fit
63
vs thesis
Estimated ticket
$2.5M–$9.8M
7 beds · within envelope
Ownership
for-profit
STH

Why it ranks here

  • operating margin below -10%
  • total margin negative
  • under 30 days cash on hand
  • current ratio under 1.5
  • 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 · FY2024

Net patient revenue$22.9M
Operating margin -11.5%
Total margin -2.0%
Days cash on hand 10
Current ratio 1.01
Occupancy11%

Facility

Beds7
Facility typeSTH
Settingurban
Ownership classfor-profit
Per-bed (low) $350K
Per-bed (high) $1.4M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2023
2024 7 $22.9M $-491K -11.5% -2.0% 10 1.01 11% 162 81

Owners

OwnerRole%SinceType
Star Medical Center Llc
Plano, TX
5% or greater direct ownership interest 72 2018-10
General Atlantic Oo Collections Lp
New York, NY
5% or greater indirect ownership interest 72 2025-10
General Atlantic Partners Aiv Oo Lp
New York, NY
5% or greater indirect ownership interest 67 2025-10
General Atlantic Aiv Oo Blocker Llc
New York, NY
5% or greater indirect ownership interest 38 2025-10
General Atlantic Partners Aiv-1 B, Lp
New York, NY
5% or greater indirect ownership interest 38 2025-10
General Atlantic Partners Aiv-1 A, Lp
New York, NY
5% or greater indirect ownership interest 23 2025-10
Mj Fowler 678 Trust
Dallas, TX
5% or greater indirect ownership interest 12 2025-10
Brittani Schmitz w-2 managing employee 2018-10
Brittani Schmitz operational/managerial control 2018-10
Bryan Kelly 5% or greater indirect ownership interest 2025-10
Christopher Dunleavy 5% or greater indirect ownership interest 2025-10
Ga Aiv-1 B Interholdco Oo Lp
New York, NY
5% or greater indirect ownership interest 2025-10
Ga Aiv-1b Lp Interholdco Lp
New York, NY
5% or greater indirect ownership interest 2025-10
Hss Oo Holdco, Inc
New York, NY
5% or greater indirect ownership interest 2025-10
Irene Koch 5% or greater indirect ownership interest 2025-10
Jessica Fulford w-2 managing employee 2018-10
Jordan Fowler corporate officer 2018-10
Justin Oppenheimer 5% or greater indirect ownership interest 2025-10
Keerah Allen w-2 managing employee 2026-03
Mark Bowen 5% or greater indirect ownership interest 2025-10
New York Society For The Relief Of Ruptured & Crippled Maintaining
New York, NY
5% or greater indirect ownership interest 2025-10
Prism One Buyer, Llc
New York, NY
5% or greater indirect ownership interest 2025-10
Prism One Intermediate Co I Llc
New York, NY
5% or greater indirect ownership interest 2025-10
Prism One Intermediate Co Ii Llc
New York, NY
5% or greater indirect ownership interest 2025-10
Prism One Llc
New York, NY
5% or greater indirect ownership interest 2025-10

Showing 25 of 28. Full list via /api/targets/670322.

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.

DateBuyerSellerHospitalBeds
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