Longmont United Hospital
Longmont, Boulder County, CO
· CCN 060003
Licensed to Longmont United Hospital
Composite
68.9
rank score
Distress
85
FY2023
Fit
72
vs thesis
Estimated ticket
$44.5M–$178M
127 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 30-60 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- margin deteriorating sharply
- 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
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $87.7M |
| Operating margin | -35.7% |
| Total margin | -26.1% |
| Days cash on hand | 47 |
| Current ratio | 0.57 |
| Occupancy | 17% |
Facility
| Beds | 127 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 127 | $114M | $4.7M | -12.5% | 3.6% | 143 | 1.22 | 36% | 3,661 | 41 |
| 2021 | 127 | $118M | $8.3M | -6.7% | 6.7% | 45 | 3.70 | 28% | 3,630 | 48 |
| 2022 | 127 | $102M | $-24.8M | -31.7% | -22.0% | 24 | 1.02 | 22% | 2,792 | 79 |
| 2023 | 127 | $87.7M | $-24.6M | -35.7% | -26.1% | 47 | 0.57 | 17% | 2,345 | 85 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Catholic Health Initiatives Colorado | 5% or greater direct ownership interest | 100 | 2015-08 | |
| Commonspirit Health | 5% or greater indirect ownership interest | 100 | 2015-08 | |
| Andrew Gaasch | corporate officer | 2024-05 | ||
| Carrie Mulherin | corporate director | 2025-10 | ||
| Commonspirit Mountain Region | operational/managerial control | 2015-08 | chain | |
| Crystal Yepez | corporate director | 2025-10 | ||
| Deb Mohesky | w-2 managing employee | 2023-10 | ||
| Kevin King | corporate director | 2025-10 | ||
| Meredith Donahue | corporate director | 2025-10 | ||
| Ryan Tobin | corporate director | 2025-10 | ||
| Sachin Talusani | corporate director | 2025-10 | ||
| Sahar Abdelqader | corporate director | 2025-10 | ||
| Sally Barbe | corporate director | 2025-10 | ||
| Sean Stewart | corporate director | 2025-10 | ||
| Tadd Richert | operational/managerial control | 2024-05 |
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 |