North Colorado Medical Center
dba Banner North Colorado Medical Center ·
Greeley, Weld County, CO
· CCN 060001
Licensed to North Colorado Medical Center
Composite
59.0
rank score
Distress
55
FY2023
Fit
81
vs thesis
Estimated ticket
$77.3M–$309M
182 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- under 30 days cash on hand
- liabilities exceed assets
- occupancy 45-60%
- margin slipping
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $321M |
| Operating margin | -9.8% |
| Total margin | 2.4% |
| Days cash on hand | 0 |
| Current ratio | 3.03 |
| Occupancy | 59% |
Facility
| Beds | 182 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 206 | $321M | $9.7M | -3.5% | 2.8% | 1 | 2.50 | 59% | 8,612 | 48 |
| 2021 | 208 | $331M | $-19.6M | -11.3% | -5.6% | 0 | 2.66 | 64% | 8,321 | 70 |
| 2022 | 202 | $322M | $-25.4M | -13.1% | -7.5% | 0 | 2.77 | 55% | 8,039 | 76 |
| 2023 | 182 | $321M | $8.6M | -9.8% | 2.4% | 0 | 3.03 | 59% | 8,204 | 55 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Banner Health | 5% or greater direct ownership interest | 100 | 2007-08 | chain |
| Banner Health | operational/managerial control | 100 | 2003-05 | chain |
| Alan Qualls | corporate officer | 2022-02 | ||
| Alan Qualls | w-2 managing employee | 2022-02 | ||
| Amy Perry | corporate officer | 2021-11 | ||
| Anne Mariucci | corporate director | 2015-03 | ||
| Brenda Schaefer | corporate officer | 2014-03 | ||
| Carole Faig | corporate director | 2026-03 | ||
| Christopher Volk | corporate director | 2009-12 | ||
| Dean Harrison | corporate director | 2023-09 | ||
| Holly Gregory | corporate director | 2020-07 | ||
| Holly Gregory | w-2 managing employee | 2020-07 | ||
| Jean Lance | corporate officer | 2022-06 | ||
| John Koster | corporate director | 2015-12 | ||
| Julie Ann Alvarado-Dubek | corporate officer | 2022-02 | ||
| Marjorie Bessel | corporate officer | 2018-01 | ||
| Mark Wallace | corporate director | 2021-09 | ||
| Mary Schubert | corporate officer | 2024-01 | ||
| Michael Butler | corporate director | 2025-09 | ||
| Michael Garnreiter | corporate director | 2012-08 | ||
| Paris Labruzzo | corporate director | 2022-12 | ||
| Paris Labruzzo | w-2 managing employee | 2022-12 | ||
| Quentin Smith | corporate director | 1999-09 | ||
| Rick Myers | corporate director | 2023-09 | ||
| Sara Ward | corporate director | 2023-09 |
Showing 25 of 29. Full list via /api/targets/060001.
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 CO
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 |
|---|---|---|---|---|
| 2022-05-01 | Catholic Health Initiatives Colorado | Phc-Fort Morgan Inc | St. Elizabeth Hospital | 33 |