dealflow
envelope $200M

← Targets

Crosbyton Clinic Hospital

Crosbyton, Crosby County, TX · CCN 670779
Licensed to Crosbyton Clinic Hospital

Composite
13.2
rank score
Distress
30
FY2023
Fit
48
vs thesis
Estimated ticket
—–—
— beds · over envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin below -10%
  • TX: favorable regulatory climate
  • rural — cheaper but limited density
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$1.2M
Operating margin -302.9%
Total margin 21.2%
Days cash on hand 242
Current ratio 10.91
Occupancy

Facility

Beds
Facility typeSTH
Settingrural
Ownership classnonprofit
Per-bed (low)
Per-bed (high)

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2023 $1.2M $1.3M -302.9% 21.2% 242 10.91 30

Owners

OwnerRole%SinceType
Bobby Ham corporate director 1993-05
Crosbyton Clinic Hospital
Crosbyton, TX
operational/managerial control 2013-07
Danny Ellison corporate director 1983-07
Debra Miller corporate director 2009-01
Debra Miller w-2 managing employee 2009-01
Jacky Dewbre corporate director 2015-10
Joan Murray corporate director 1989-03
Kelly Wing corporate director 1993-05
Lester Bownds corporate director 2007-11

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.

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