Platte Valley Medical Center
dba Intermountain Health Platte Valley Hospital ·
Brighton, Adams County, CO
· CCN 060004
Licensed to Brighton Community Hospital Association
Composite
62.0
rank score
Distress
66
FY2023
Fit
76
vs thesis
Estimated ticket
$37.8M–$151M
89 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- occupancy 30-45%
- 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
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $175M |
| Operating margin | -6.1% |
| Total margin | -6.1% |
| Days cash on hand | 3 |
| Current ratio | 1.54 |
| Occupancy | 40% |
Facility
| Beds | 89 |
| 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 | 89 | $139M | $1.4M | -15.8% | 0.8% | 19 | 3.44 | 38% | 2,954 | 59 |
| 2021 | 87 | $170M | $4.7M | -4.4% | 2.4% | 18 | 1.34 | 46% | 3,164 | 43 |
| 2022 | 89 | $181M | $-14.2M | -12.3% | -7.2% | 20 | 2.67 | 44% | 3,455 | 68 |
| 2023 | 89 | $175M | $-11.2M | -6.1% | -6.1% | 3 | 1.54 | 40% | 3,562 | 66 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Integrity Health | 5% or greater direct ownership interest | 100 | 2015-10 | |
| Bryan Manson | corporate officer | 2024-10 | ||
| Bryan Manson | w-2 managing employee | 2024-10 | ||
| Bryan Manson | operational/managerial control | 2024-10 | ||
| Christine Forkner | corporate director | 2024-12 | ||
| David Kinnard | corporate director | 2024-12 | ||
| Faye Hummel | corporate director | 2008-01 | ||
| Intermountain Health Care, Inc | operational/managerial control | 2022-04 | chain | |
| James Capp | corporate director | 2024-12 | ||
| Katherine Boelter | corporate director | 2024-12 | ||
| Kelly Dunkin | corporate director | 2024-12 | ||
| Melissa Whitmer | corporate director | 2024-12 | ||
| Noah Knisley | corporate officer | 2025-07 | ||
| Noah Knisley | w-2 managing employee | 2025-07 | ||
| Scott Peek | corporate director | 2024-12 | ||
| Stephen Frankel | corporate director | 2024-12 | ||
| Steven Brown | corporate director | 2024-12 |
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 |