Velarion Records

Short-term acute care hospital · Bryan, Texas · 16 beds · CMS certification number 450834

The Physicians Centre Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 22, 2026. 26 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$45.0M
$44,988,033 · G-3 line 3
Operating expenses
$42.2M
$42,166,786 · G-3 line 4
Result from patient care
$2.8M
$2,821,247 · G-3 line 5
Margin on patient care
6.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $6.6M in its first year on file (2000) to $45.0M in 2025.
  • Its result from patient care: $3.4M (2023), $5.4M (2024), $2.8M (2025).
  • 1 of the 5 short-term acute care hospital peers below with a margin on file also reports a gain on patient care for fiscal year 2025.
  • BSW SP JV, LLC holds 79% of it, on its Medicare enrollment.

Every statement is drawn from figures on this page; nothing is estimated.

26 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
2000
settled
$6.6M
$6.7M
2001
settled
$15.4M
$15.6M
2002
reopened
$15.3M
$15.3M
2003
settled
$16.6M
$17.1M
2004
settled
$16.1M
$15.7M
2005
settled
$16.0M
$16.4M
2006
settled
$17.5M
$16.6M
2007
settled
$17.1M
$15.6M
2008
settled
$16.9M
$15.4M
2009
settled
$17.9M
$16.7M
2010
settled
$17.1M
$16.9M
2011
settled
$15.4M
$15.7M
2012
settled
$12.4M
$14.3M
2013
settled
$13.7M
$13.9M
2014
settled
$14.4M
$15.2M
2015
settled
$15.0M
$15.7M
2016
settled
$14.2M
$15.5M
2017
settled
$15.8M
$16.3M
2018
settled
$15.5M
$16.3M
2019
settled
$15.3M
$17.2M
2020
settled
$18.2M
$18.3M
2021
settled
$21.7M
$21.1M
2022
settled
$21.6M
$19.5M
2023
settled
$27.3M
$23.9M
2024
as submitted
$36.8M
$31.4M
2025
as submitted
$45.0M
$42.2M

Beside its peers

Short-term acute care hospitals in Texas with under 25 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
The Physicians Centre Hospital16$44,988,033$42,166,7866.3%
Eastland Memorial Hospital, Eastland19$12,719,480$24,422,596−92.0%
Glen Rose Medical Center, Glen Rose16$16,632,407$26,122,272−57.1%
Legent Orthopedic Hospital Carrollton, Carrollton18$63,231,642$66,402,925−5.0%
Nocona General Hospital, Nocona18$10,894,711$13,444,365−23.4%
The Hospitals of Providence Horizon City Campus, Horizon City16$58,773,493$44,416,08924.4%

Patients and payers

Discharges
473
S-3 line 14, col 15
Inpatient days
1,345
S-3 line 14, col 8
Beds in use, on an average day
3.7
days ÷ days in year
Occupancy
23.0%
days ÷ bed days
Medicare share of days
25.4%
S-3 cols 6 ÷ 8

Who owns it

  • BSW SP JV, LLC79%
  • BAYLOR SCOTT & WHITE HEALTH ENTERPRISES INC40%
  • NATIONAL SURGICAL HOSPITALS, LLC39%
  • NSH TEXAS LLC39%
  • SP HOLDCO I INC39%
  • SURGERY CENTER HOLDINGS INC39%
  • SURGERY CENTER HOLDINGS LLC39%
  • SURGERY PARTNERS INC39%
  • BCPE SEMINOLE HOLDINGS II INTERMEDIATE LP9%
  • MUKUND IYENGAR GUNDANNA6%

Related organizations on its own cost report: NATIONAL SURG (100%), hospital corp.

Other hospitals with the same owner: Arizona Spine and Joint Hospital (AZ), Animas Surgical Hospital (CO), Optim Medical Center - Screven (GA), Optim Medical Center Tattnall (GA), Northwest Specialty Hospital (ID), Kansas Spine & Specialty Hospital (KS), Lafayette Surgical Specialty Hospital (LA), Great Falls Clinic Hospital (MT), Midwest Surgical Hospital (NE), North Carolina Specialty Hospital (NC).

Type of control on its cost report: proprietary, other.

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

Follow this hospital, free

We send this record now and tell you when it files again.

More short-term acute care hospitals in Texas

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 450834. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read June 22, 2026.