Cornerstone Specialty Tucson
dba Cornerstone Specialty Hospitals Tucson ·
Tucson, Pima County, AZ
· CCN 032004
Licensed to Chg Hospital Tucson, Llc
Composite
69.2
rank score
Distress
91
FY2024
Fit
70
vs thesis
Estimated ticket
$7.1M–$28.6M
34 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- current liabilities exceed current assets
- liabilities exceed assets
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- small ticket — deploys little of the available capital
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $8.3M |
| Operating margin | -66.7% |
| Total margin | -57.4% |
| Days cash on hand | — |
| Current ratio | 0.98 |
| Occupancy | 44% |
Facility
| Beds | 34 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 34 | $19.1M | $2.6M | 13.6% | 13.8% | 0 | 0.49 | 88% | 518 | 47 |
| 2022 | 34 | $18.3M | $2.3M | 10.0% | 12.5% | 0 | 0.71 | 85% | 532 | 43 |
| 2023 | 34 | $15.0M | $-1.2M | -9.5% | -8.0% | 1 | 1.71 | 66% | 407 | 72 |
| 2024 | 34 | $8.3M | $-5.0M | -66.7% | -57.4% | — | 0.98 | 44% | 240 | 91 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Chg Hospital Operations Company Llc | 5% or greater direct ownership interest | 100 | 2015-02 | |
| Cornerstone Healthcare Group Holding Inc | 5% or greater indirect ownership interest | 100 | 2015-02 | |
| Kentucky Hospital Holdings Jv Lp | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Kentucky Hospital Holdings Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Kentucky Hospital Intermediate Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Kindred Healthcare Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Kindred Healthcare Operating Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Knight Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Knight Health Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Knight Intermediate Holdings Llc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Dana Rock | corporate officer | 2024-12 | ||
| Deanna Schiavone | corporate officer | 2023-01 | ||
| Johnetta Traylor | corporate officer | 2024-12 | ||
| Kathy Teague | corporate officer | 2023-01 | ||
| Michael Bean | corporate officer | 2023-01 | ||
| Michael Moody | corporate officer | 2023-01 | ||
| Richard Algood | corporate officer | 2023-01 | ||
| Sassan Momtazbakhsh | operational/managerial control | 2015-02 | ||
| Scott Graeser | corporate officer | 2023-01 |
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.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2024-05-14 | Phoenix Specialty Hospital | Kpc Promise Hospital Of Phoenix, Llc | Kpc Promise Hospital Of Phoenix | 48 |