Velarion Records

Long-term care hospital · Dallas, Texas · 40 beds · CMS certification number 452044

Lifecare Hospitals of North Texas

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

Fiscal 2025 at a glance

Net patient revenue
$24.1M
$24,125,569 · G-3 line 3
Operating expenses
$23.1M
$23,105,522 · G-3 line 4
Result from patient care
$1.0M
$1,020,047 · G-3 line 5
Margin on patient care
4.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $2.2M in its first year on file (1997) to $24.1M in 2025.
  • Its result from patient care: −$7.8M (2023), −$9.4M (2024), $1.0M (2025).
  • 1 of the 5 long-term care hospital peers below with a margin on file also reports a gain on patient care for fiscal year 2025.
  • LIFECARE 2.0 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
$2.2M
$1.5M
1998
reopened
$7.6M
$9.0M
1999
reopened
$22.2M
$22.8M
2000
as submitted
$40.3M
$37.3M
2001
settled
not filed
$43.8M
2002
settled with audit
$47.0M
$45.6M
2003
settled
$62.0M
$56.8M
2004
reopened
$79.1M
$63.9M
2005
settled
$82.5M
$65.7M
2006
reopened
$89.3M
$71.2M
2007
reopened
$79.8M
$68.1M
2008
settled with audit
$76.0M
$66.6M
2009
settled
$78.1M
$67.4M
2010
settled with audit
$72.5M
$66.6M
2011
settled
$69.3M
$71.9M
2012
settled
$76.4M
$71.3M
2013
settled
$38.7M
$35.5M
2014
settled
$76.0M
$67.6M
2015
reopened
$84.4M
$74.1M
2016
settled
$76.7M
$86.4M
2017
settled
$66.4M
$69.1M
2018
settled
$74.8M
$77.4M
2019
settled
$58.5M
$66.7M
2020
settled
$65.1M
$65.2M
2021
reopened
$84.0M
$80.3M
2022
settled
$79.5M
$76.5M
2023
settled
$70.0M
$77.9M
2024
settled
$40.4M
$49.7M
2025
as submitted
$24.1M
$23.1M

Beside its peers

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

HospitalBedsNet patient revenueOperating expensesMargin
Lifecare Hospitals of North Texas40$24,125,569$23,105,5224.2%
Cornerstone Specialty Hospitals Conroe, Conroe41$18,237,744$18,267,974−0.2%
Houston Medical Center-AMG Specialty Hospital, Houston44$17,193,699$19,916,239−15.8%
Laredo Specialty Hospital, Laredo40$5,762,529$11,302,765−96.1%
Mesquite Specialty Hospital, Mesquite40$13,817,044$18,273,146−32.3%
Pam Specialty Hospital of Corpus Christi North, Corpus Chrsti43$25,088,277$21,498,52414.3%

Patients and payers

Discharges
279
S-3 line 14, col 15
Inpatient days
9,701
S-3 line 14, col 8
Beds in use, on an average day
26.7
days ÷ days in year
Occupancy
21.7%
days ÷ bed days
Medicare share of days
33.8%
S-3 cols 6 ÷ 8

Who owns it

  • LIFECARE 2.0 LLC100%
  • MATTHEW FLEEGER41%
  • PRESTON-HARRIS INVESTMENTS, INC.41%
  • ADVOCACY HEALTH PARTNERS, LLC24%
  • CHRISTOPHER LEBLANC24%
  • THE CRL FAMILY TRUST24%
  • WILLIAM LEBLANC24%
  • MH HOLDINGS LLC12%
  • GERARD MOAWAD6%
  • NADA HAMADEH6%

Related organizations on its own cost report: LIFECARE MANAGM, mgt company.

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

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 HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 452044. 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 HOSP10FY2024.ZIP, read February 27, 2026.