dealflow
envelope $200M

← Targets

East Valley Er And Hospital

dba East Valley Er & Hospital · Gilbert, Maricopa County, AZ · CCN 030153
Licensed to East Valley Hospital, Llc

Composite
63.9
rank score
Distress
90
FY2024
Fit
58
vs thesis
Estimated ticket
$4.9M–$19.6M
14 beds · within envelope
Ownership
for-profit
STH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • current ratio below 0.8
  • liabilities exceed assets
  • occupancy below 30%
  • urban — higher occupancy and iteration surface
  • very small facility
  • very small ticket — sub-scale as a platform asset
  • very low occupancy — limited volume to learn from
  • for-profit — no charitable conversion review

Latest financials · FY2024

Net patient revenue$12.2M
Operating margin -65.3%
Total margin -65.2%
Days cash on hand 2
Current ratio 0.68
Occupancy7%

Facility

Beds14
Facility typeSTH
Settingurban
Ownership classfor-profit
Per-bed (low) $350K
Per-bed (high) $1.4M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2023 14 $1.7M $-3.4M -202.5% -201.8% 7 0.36 10% 70 100
2024 14 $12.2M $-8.0M -65.3% -65.2% 2 0.68 7% 184 90

Owners

OwnerRole%SinceType
Nutex Health Holdco Llc
Houston, TX
5% or greater direct ownership interest 100 2023-03
Micro Hospital Holding, Llc
Houston, TX
5% or greater direct ownership interest 55 2022-02
Danniel Joseph Stites
Phoenix, AZ
operational/managerial control 45 2022-02
Claudia Fernandez w-2 managing employee 2022-04
Danniel Stites corporate officer 2022-04
Keelyn Marlatt w-2 managing employee 2022-04
Thomas Vo corporate officer 2022-04

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.

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