dealflow
envelope $200M

← Targets

Poudre Valley Hospital

Ft. Collins, Larimer County, CO · CCN 060010
Licensed to Poudre Valley Health Care Inc

Composite
35.4
rank score
Distress
14
FY2024
Fit
68
vs thesis
Estimated ticket
$20.0M–$40.0M
200 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • 90-150 days cash on hand
  • margin deteriorating sharply
  • part of a multi-hospital chain — divestiture candidate
  • rural — cheaper but limited density
  • bed count in the target band
  • small ticket — deploys little of the available capital
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$754M
Operating margin 12.1%
Total margin 44.6%
Days cash on hand 91
Current ratio 5.34
Occupancy68%

Facility

Beds200
Facility typeSTH
Settingrural
Ownership classnonprofit
Per-bed (low) $100K
Per-bed (high) $200K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 224 $642M $515M 14.6% 71.3% 133 2.92 62% 10,335 4
2022 224 $682M $-174M 8.7% -23.8% 57 5.02 72% 10,496 33
2023 218 $722M $257M 10.8% 33.4% 40 5.57 66% 10,789 17
2024 200 $754M $356M 12.1% 44.6% 91 5.34 68% 10,432 14

Owners

OwnerRole%SinceType
April Jones corporate director 2020-10
Christine Chin corporate director 2010-05
Daniel Stroh corporate director 2007-09
David Osborn corporate director 2013-07
David Thompson corporate officer 2019-07
David Thompson w-2 managing employee 2019-07
Dennis Houska corporate director 2013-01
Donald Elliman corporate director 2015-07
Douglas Erion corporate director 2017-01
Elizabeth Concordia corporate officer 2014-09
Hasan Naqvi corporate director 2023-10
James Parke corporate director 2016-11
John Mckay corporate director 2024-03
John Oldemeyer corporate director 2022-11
John Sampson corporate director 2024-07
Kevin Unger corporate officer 2007-09
Kevin Unger w-2 managing employee 2007-09
Laura Steele corporate director 2007-09
Lisa Clay corporate director 2016-11
Michael Long corporate director 2019-02
Raymond Baker corporate director 2015-03
Richard Dellenbach corporate director 2010-06
Richard Monfort corporate officer 2013-07
Theresa Pena corporate director 2021-10
Todd Hofheins corporate officer 2025-06

Showing 25 of 28. Full list via /api/targets/060010.

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.

DateBuyerSellerHospitalBeds
2022-05-01 Catholic Health Initiatives Colorado Phc-Fort Morgan Inc St. Elizabeth Hospital 33