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Long-term care hospital · Sherman, Texas · 33 beds · CMS certification number 452041

Carrus Specialty Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS May 27, 2026. 29 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$12.8M
$12,813,708 · G-3 line 3
Operating expenses
$15.5M
$15,516,734 · G-3 line 4
Result from patient care
−$2.7M
−$2,703,026 · G-3 line 5
Margin on patient care
−21.1%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $4.2M in its first year on file (1997) to $12.8M in 2025.
  • Its result from patient care: −$565K (2023), −$1.9M (2024), −$2.7M (2025).
  • 2 of the 5 long-term care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • CARRUS HEALTHCARE, LLC holds 100% of it, on its Medicare enrollment.

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

29 years of filings

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

Net patient revenueOperating expenses
1997
settled
$4.2M
$2.3M
1998
as submitted
$3.7M
$2.3M
1999
settled with audit
$4.2M
$2.5M
2000
settled with audit
$4.6M
$2.4M
2001
settled with audit
$3.3M
$2.5M
2002
settled
$3.2M
$2.6M
2003
settled
$3.3M
$2.8M
2004
settled
$3.3M
$2.7M
2005
settled
$2.7M
$2.6M
2006
settled
$2.8M
$2.8M
2007
settled
$2.6M
$2.8M
2008
settled
$4.5M
$4.5M
2009
settled
$6.0M
$5.1M
2010
settled
$6.5M
$6.3M
2011
settled
$7.3M
$7.3M
2012
settled
$9.4M
$7.7M
2013
settled
$9.1M
$8.2M
2014
settled
$11.1M
$10.1M
2015
settled
$11.5M
$11.3M
2016
settled
$12.6M
$12.4M
2017
settled
$11.9M
$12.8M
2018
settled
$13.8M
$13.9M
2019
settled
$16.4M
$14.7M
2020
settled
$16.7M
$15.4M
2021
settled
$18.3M
$16.2M
2022
settled
$15.8M
$16.5M
2023
settled
$15.1M
$15.6M
2024
as submitted
$13.6M
$15.5M
2025
as submitted
$12.8M
$15.5M

Beside its peers

Long-term care hospitals in Texas with 25 to 49 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Carrus Specialty Hospital33$12,813,708$15,516,734−21.1%
Sage Specialty Hospital of Wichita Falls, Wichita Falls31$5,827,207$8,673,968−48.9%
Laredo Specialty Hospital, Laredo40$5,762,529$11,302,765−96.1%
Lifecare Hospitals of North Texas, Dallas40$24,125,569$23,105,5224.2%
Texas Neurorehab Center, Austin39$42,051,484$39,322,3616.5%
Pam Specialty Hospital of Victoria North, Victoria31$33,074,447$28,463,53813.9%

Patients and payers

Discharges
246
S-3 line 14, col 15
Inpatient days
7,430
S-3 line 14, col 8
Beds in use, on an average day
20.4
days ÷ days in year
Occupancy
61.7%
days ÷ bed days
Medicare share of days
58.7%
S-3 cols 6 ÷ 8

Who owns it

  • CARRUS HEALTHCARE, LLC100%
  • SDB PARTNERS LLC100%
  • ARCP HEALTH, LP80%
  • ANBARASU NACHIMUTHU75%
  • JON M RUBSCHA20%

Related organizations on its own cost report: CARRUS HEALTHCA, ho; SDB PARTNERS, reit; CARRUS REHAB, hospital.

Other hospitals with the same owner: Carrus Behavioral Hospital (TX), Carrus Rehabilitation Hospital (TX).

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

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

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 452041. 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 May 27, 2026.