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9
Hospitals in Market
1,368
Total Beds
$1.8B
Market Revenue
Concentrated
HHI: 2,515
None
Moat Rating (2/10)
#8
Market Share Rank
Competitive Moat (Mauboussin Framework)
Based on "Measuring the Moat" adapted for healthcare. Score 0-10: wide (8+), narrow (5-7), none (<5).
Scale Advantageweak
Switching Costslow
Market Share0.9%
Top 3 Concentration84.1%
Network Density0.66
Margin vs Market+3.7%
Bed Util vs Market-33.3%
What This Means
This hospital has a none moat — no moat — commoditized market position, pricing power limited. The TX market is highly concentrated — few dominant players, potential antitrust concerns (HHI: 2,515).
Implications: Operational improvements are the primary value driver — see the EBITDA bridge. Compare against peers via comparables or see the full TX market.
Top Competitors
| Hospital | Beds | Revenue | Rev Share | Bed Share |
|---|---|---|---|---|
| UNIVERSITY MEDICAL CENTER | 450 | $626M | 35.7% | 32.9% |
| COVENANT MEDICAL CENTER | 360 | $438M | 25.0% | 26.3% |
| COVENANT CHILDRENS HOSPITAL | 181 | $410M | 23.4% | 13.2% |
| LUBBOCK HEART HOSPITAL | 73 | $104M | 5.9% | 5.3% |
| GRACE MEDICAL CENTER | 92 | $81M | 4.6% | 6.7% |
| TRUSTPOINT REHABILITATION HOSPITAL O | 60 | $40M | 2.3% | 4.4% |
| SOUTH PLAINS REHABILITATION HOSPITAL | 66 | $36M | 2.1% | 4.8% |
| SUNRISE CANYON HOSPITAL | 30 | $3M | 0.1% | 2.2% |
Regional Payer Mix
■ Medicare 34%■ Medicaid 2%■ Commercial 63%