Kpc Promise Hospital Of Phoenix
Mesa, Maricopa County, AZ
· CCN 032006
Licensed to Phoenix Specialty Hospital
Already transacted. CMS recorded an ownership change effective
2024-05-14. Confirm the current owner before spending a call on this.
Composite
16.9
rank score
Distress
40
FY2023
Fit
76
vs thesis
Estimated ticket
$14.4M–$57.6M
48 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- under 30 days cash on hand
- current liabilities exceed current assets
- liabilities exceed assets
- occupancy 45-60%
- 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
- moderate occupancy
- for-profit — no charitable conversion review
- changed ownership 2024-05-14 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $17.4M |
| Operating margin | 4.5% |
| Total margin | 4.9% |
| Days cash on hand | 0 |
| Current ratio | 0.93 |
| Occupancy | 48% |
Facility
| Beds | 48 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $300K |
| Per-bed (high) | $1.2M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 48 | $16.0M | $-499K | -5.7% | -3.2% | 0 | 0.64 | 52% | 418 | 83 |
| 2022 | 48 | $14.5M | $379K | 0.5% | 2.6% | 0 | 0.67 | 46% | 365 | 56 |
| 2023 | 48 | $17.4M | $862K | 4.5% | 4.9% | 0 | 0.93 | 48% | 383 | 40 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Gurpreet Randhawa | 5% or greater indirect ownership interest | 100 | 2024-05 | |
| Phoenix Specialty Hospital | 5% or greater direct ownership interest | 100 | 2024-05 | |
| Gurpreet Randhawa | operational/managerial control | 2024-05 | ||
| Shamsher Bhullar | operational/managerial control | 2024-05 | ||
| Tammy Thompson | corporate officer | 2024-05 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-05-14 | change of ownership | Phoenix Specialty Hospital | Kpc Promise Hospital Of Phoenix, Llc |
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 |