dealflow
envelope $200M

← Targets

Mountain Vista Medical Center

dba Honorhealth Four Peaks Medical Center · Mesa, Maricopa County, AZ · CCN 030121
Licensed to Honorhealth

Already transacted. CMS recorded an ownership change effective 2024-10-03. Confirm the current owner before spending a call on this.
Composite
21.8
rank score
Distress
78
FY2024
Fit
68
vs thesis
Estimated ticket
$9.7M–$19.3M
138 beds · within envelope
Ownership
for-profit
STH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • liabilities exceed assets
  • occupancy 45-60%
  • margin deteriorating sharply
  • rural — cheaper but limited density
  • bed count in the target band
  • very small ticket — sub-scale as a platform asset
  • moderate occupancy
  • for-profit — no charitable conversion review
  • changed ownership 2024-10-03 — likely already transacted

Latest financials · FY2024

Net patient revenue$165M
Operating margin -31.2%
Total margin -30.6%
Days cash on hand
Current ratio 1.67
Occupancy56%

Facility

Beds138
Facility typeSTH
Settingrural
Ownership classfor-profit
Per-bed (low) $70.0K
Per-bed (high) $140K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 162 $202M $2.8M -4.8% 1.3% 0 0.90 57% 7,765 63
2022 162 $199M $-25.0M -15.9% -12.2% 0 0.87 55% 7,218 89
2023 162 $224M $2.7M -1.0% 1.2% 0 1.42 55% 6,977 58
2024 138 $165M $-50.7M -31.2% -30.6% 1.67 56% 5,644 78

Owners

OwnerRole%SinceType
Alpa Shah corporate director 2024-10
Andrew Kassir corporate director 2024-10
Charles Mitchell corporate director 2024-10
Denise Montee w-2 managing employee 2024-10
Denise Montee operational/managerial control 2024-10
Drew Brown corporate director 2024-10
Frank Pugh corporate director 2024-10
Fred Hessler corporate director 2024-10
Heidi Jannenga corporate director 2024-10
Honorhealth
Scottsdale, AZ
operational/managerial control 2024-10
Jesika Bailie w-2 managing employee 2022-01
Jesika Bailie operational/managerial control 2022-01
Julie Arvo Mackenzie corporate director 2024-10
Kathleen Player corporate director 2025-01
Kathryn Lincoln corporate director 2024-10
Lisa Montman corporate officer 2024-10
Lisa Montman w-2 managing employee 2024-10
Lisa Montman operational/managerial control 2024-10
Peter Hathaway corporate director 2024-10
Robert Welborn corporate director 2006-01
Steven Wheeler corporate director 2024-10
Todd Laporte corporate officer 2024-10
Todd Laporte corporate director 2024-10
Todd Laporte w-2 managing employee 2024-10
Todd Laporte operational/managerial control 2024-10

Ownership changes

DateTypeBuyerSeller
2024-10-03 change of ownership Honorhealth Mountain Vista Medical Center Lp

Who has been buying in AZ

Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.

DateBuyerSellerHospitalBeds
2024-10-03 Honorhealth St Lukes Medical Center Lp Tempe St. Lukes Hospital 74
2024-10-03 Honorhealth Mountain Vista Medical Center Lp Mountain Vista Medical Center 138
2019-02-01 Dignity Community Care Dignity Health Chandler Regional Medical Center 429