Market Analysis — NTSH - WITCHITA FALLS & VERNON
TX market | 7 hospitals | HHI: 5,009 (Concentrated)
🛡️ Public data only — no PHI permitted on this instance.
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7
Hospitals in Market
1,097
Total Beds
$0.6B
Market Revenue
Concentrated
HHI: 5,009
Narrow
Moat Rating (6/10)
#2
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 Advantagestrong
Switching Costshigh
Market Share9.1%
Top 3 Concentration84.5%
Network Density0.64
Margin vs Market-11.2%
Bed Util vs Market-5.6%
What This Means
This hospital has a narrow moat — narrow moat — some competitive advantages, but vulnerable to new entrants. The TX market is highly concentrated — few dominant players, potential antitrust concerns (HHI: 5,009).
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 |
|---|---|---|---|---|
| UNITED REGIONAL HEALTH CARE SYSTEM | 244 | $422M | 69.5% | 22.2% |
| ENCOMPASS HEALTH REHABILITATION HOSP | 63 | $36M | 6.0% | 5.7% |
| KELL WEST REGIONAL HOSPITAL | 41 | $35M | 5.7% | 3.7% |
| ELECTRA MEMORIAL HOSPITAL | 19 | $26M | 4.3% | 1.7% |
| RED RIVER HOSPITAL | 96 | $21M | 3.5% | 8.8% |
| KPC PROMISE HOSPITAL OF WICHITA FALL | 31 | $12M | 2.0% | 2.8% |
Regional Payer Mix
■ Medicare 45%■ Medicaid 4%■ Commercial 51%