Montrose Memorial Hospital
dba Montrose Regional Health ·
Montrose, Montrose County, CO
· CCN 060006
Licensed to Montrose Memorial Hospital, Inc
Composite
29.2
rank score
Distress
15
FY2023
Fit
56
vs thesis
Estimated ticket
$5.1M–$10.2M
51 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 90-150 days cash on hand
- occupancy 30-45%
- margin deteriorating
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $166M |
| Operating margin | 2.6% |
| Total margin | 8.1% |
| Days cash on hand | 120 |
| Current ratio | 3.71 |
| Occupancy | 37% |
Facility
| Beds | 51 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 47 | $128M | $14.2M | 3.4% | 10.3% | 81 | 2.74 | 41% | 2,254 | 16 |
| 2021 | 47 | $145M | $15.9M | 7.1% | 10.4% | 144 | 2.20 | 48% | 2,282 | 7 |
| 2022 | 47 | $147M | $6.5M | -0.7% | 4.1% | 111 | 3.10 | 41% | 2,168 | 26 |
| 2023 | 51 | $166M | $14.2M | 2.6% | 8.1% | 120 | 3.71 | 37% | 2,246 | 15 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Montrose Memorial Hospital, Inc | operational/managerial control | 100 | 2011-11 | |
| Alexander Parker | corporate officer | 2022-10 | ||
| Alfred Gilchrist | corporate officer | 2020-10 | ||
| Barb Judd | corporate officer | 2022-10 | ||
| Katheryne Mattoon | corporate director | 2022-01 | ||
| Katheryne Mattoon | w-2 managing employee | 2022-01 | ||
| Kaye Hotsenpiller | corporate officer | 2022-10 | ||
| Kjersten Davis | corporate officer | 2014-10 | ||
| Mary Vader | corporate officer | 2013-10 | ||
| Megan Beaver | other | 2023-05 | ||
| Michael Brezinsky | corporate officer | 2015-10 | ||
| Michelle Chavez | operational/managerial control | 2023-05 | ||
| Reid Fishering | corporate officer | 2021-10 | ||
| Sarah Abbott | corporate officer | 2019-10 |
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 |