Graham Regional Medical Center
Graham, Young County, TX
· CCN 671300
Licensed to Graham Hospital District
Composite
37.7
rank score
Distress
37
FY2023
Fit
53
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- occupancy below 30%
- TX: favorable regulatory climate
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $3.1M |
| Operating margin | -44.3% |
| Total margin | 15.8% |
| Days cash on hand | 880 |
| Current ratio | 4.19 |
| Occupancy | 5% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 25 | $3.1M | $820K | -44.3% | 15.8% | 880 | 4.19 | 5% | 25 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Graham Hospital District | 5% or greater direct ownership interest | 100 | 2014-02 | |
| Barrie Strickland | corporate director | 2023-01 | ||
| Christie Wainscott | corporate director | 2023-01 | ||
| Christie Wainscott | w-2 managing employee | 2023-01 | ||
| Donald Behr | corporate director | 2023-01 | ||
| Graham Hospital District | operational/managerial control | 2023-01 | ||
| Jon Garvey | corporate director | 2023-01 | ||
| Robert Kernell | corporate director | 2023-01 | ||
| Robert Kernell | w-2 managing employee | 2023-01 | ||
| Robert Kernell | operational/managerial control | 2023-01 | ||
| Robert Lonis | corporate director | 2023-01 | ||
| Robert Lonis | w-2 managing employee | 2023-01 | ||
| Robert Lonis | operational/managerial control | 2023-01 | ||
| Susan Graham | corporate director | 2023-01 | ||
| Sylvia Overton | corporate director | 2023-01 | ||
| Terry Bishop | corporate director | 2023-01 | ||
| Wyatt Pettus | corporate director | 2023-01 |
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 |
|---|---|---|---|---|
| 2024-03-01 | Muleshoe Area Hospital District | Preferred Hospital Leasing Muleshoe Inc | Muleshoe Area Medical Center | 25 |
| 2023-07-01 | Pecos County Memorial Hospital District | Pecos County Memorial Hospital | Pecos County Memorial Hospital | 25 |
| 2021-10-01 | Preferred Hospital Leasing Shamrock Inc | South Wheeler County Hospital District | Shamrock General Hospital | 25 |
| 2019-07-01 | Bosque County Hospital District | Goodall-Witcher Hospital Authority | Goodall-Witcher Hospital Authority | 25 |
| 2017-10-01 | Winkler County Hospital District | County Of Winkler | Memorial Hospital | 16 |