Denver Health Medical Center
Denver, Denver County, CO
· CCN 060011
Licensed to Denver Health And Hospital Authority
Composite
52.4
rank score
Distress
56
FY2023
Fit
68
vs thesis
Estimated ticket
$164M–$656M
386 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin -10% to -5%
- total margin under 2%
- under 30 days cash on hand
- current ratio under 1.5
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size well above the envelope
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $1.2B |
| Operating margin | -7.5% |
| Total margin | 0.8% |
| Days cash on hand | 15 |
| Current ratio | 1.31 |
| Occupancy | 77% |
Facility
| Beds | 386 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| 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 | 369 | $1.5B | $108M | -0.5% | 6.6% | 20 | 1.13 | 75% | 15,879 | 41 |
| 2021 | 393 | $1.1B | $2.6M | -7.2% | 0.1% | 15 | 1.19 | 75% | 17,495 | 51 |
| 2022 | 396 | $1.1B | $-63.8M | -8.1% | -3.7% | 16 | 1.16 | 78% | 18,173 | 60 |
| 2023 | 386 | $1.2B | $15.2M | -7.5% | 0.8% | 15 | 1.31 | 77% | 19,031 | 56 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| April Audain | corporate officer | 2025-08 | ||
| Chris Watney | corporate director | 2025-08 | ||
| Denver Health And Hospital Authority | 5% or greater direct ownership interest | 1997-01 | ||
| Elias Provencio-Vasquez | corporate director | 2022-06 | ||
| Frank Degruy | corporate director | 2023-09 | ||
| Hollie Velasquez-Horvath | corporate director | 2022-06 | ||
| Jeremy Springston | w-2 managing employee | 2013-06 | ||
| Kathryn Nesbitt | corporate director | 2023-09 | ||
| Lilia Cervantes | corporate director | 2023-09 | ||
| Patricia Dean | corporate director | 2017-01 | ||
| Patti Klinge | corporate director | 2021-01 | ||
| Richard Chavez | corporate director | 2021-01 | ||
| Thomas Kim | corporate director | 2022-06 |
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 |