St. Mary - Corwin Hospital
dba St. Mary-Corwin Hospital ·
Pueblo, Pueblo County, CO
· CCN 060012
Licensed to Catholic Health Initiatives Colorado
Composite
52.9
rank score
Distress
45
FY2024
Fit
77
vs thesis
Estimated ticket
$21.0M–$84.0M
42 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin under 2%
- under 30 days cash on hand
- occupancy 45-60%
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- small but workable bed count
- ticket size somewhat below the envelope
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $130M |
| Operating margin | -8.3% |
| Total margin | 1.8% |
| Days cash on hand | 0 |
| Current ratio | 4.23 |
| Occupancy | 55% |
Facility
| Beds | 42 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 42 | $114M | $1.7M | -9.3% | 1.3% | 0 | 0.81 | 48% | 1,587 | 59 |
| 2022 | 42 | $128M | $-4.0M | -7.9% | -3.0% | 0 | 1.71 | 63% | 1,763 | 52 |
| 2023 | 42 | $122M | $-6.5M | -12.0% | -5.0% | 0 | 3.21 | 51% | 1,698 | 64 |
| 2024 | 42 | $130M | $2.5M | -8.3% | 1.8% | 0 | 4.23 | 55% | 1,981 | 45 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Commonspirit Health | 5% or greater direct ownership interest | 100 | 2007-11 | |
| Andrew Gaasch | corporate officer | 2021-03 | ||
| Andrew Gaasch | corporate director | 2025-07 | ||
| Austin Garza | corporate director | 2025-09 | ||
| Commonspirit Mountain Region | operational/managerial control | 2007-11 | chain | |
| Danielle Summerville | corporate director | 2025-09 | ||
| David Carochi | corporate director | 2025-09 | ||
| David Crockenberg | corporate director | 2025-09 | ||
| Eleanor Powell | corporate director | 2025-09 | ||
| Katherine Brooks | corporate officer | 2025-07 | ||
| Kevin Gratham | corporate director | 2025-09 | ||
| Michael Cafasso | w-2 managing employee | 2018-02 | ||
| Mitch Melfi | corporate director | 2025-07 | ||
| Nadine Heimann | corporate director | 2025-09 | ||
| Nathan Springer | corporate director | 2025-09 | ||
| Peter Powers | corporate director | 2025-09 | ||
| Phyllis Pennington | corporate director | 2025-09 | ||
| Richard Miller | corporate director | 2025-09 | ||
| Sheri Shapiro | corporate director | 2025-07 | ||
| Tadd Richert | corporate officer | 2025-07 | ||
| Tadd Richert | operational/managerial control | 2024-05 | ||
| Tanah Wagenseller | corporate director | 2025-09 | ||
| Vanesa Kochevar | corporate director | 2025-09 |
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 |