Memorial Health System
Colorado Springs, El Paso County, CO
· CCN 060022
Licensed to Uch-Mhs
Composite
15.9
rank score
Distress
30
FY2024
Fit
61
vs thesis
Estimated ticket
$268M–$1.1B
536 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $1.2B |
| Operating margin | 4.0% |
| Total margin | 4.5% |
| Days cash on hand | 4 |
| Current ratio | 4.58 |
| Occupancy | 70% |
Facility
| Beds | 536 |
| 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 | 353 | $928M | $211M | 9.2% | 20.8% | 13 | 3.43 | 94% | 24,427 | 22 |
| 2022 | 353 | $1.0B | $-2.1M | 3.6% | -0.2% | 4 | 4.92 | 107% | 25,717 | 30 |
| 2023 | 501 | $1.1B | $30.0M | 3.5% | 2.5% | 2 | 4.51 | 103% | 28,091 | 22 |
| 2024 | 536 | $1.2B | $56.5M | 4.0% | 4.5% | 4 | 4.58 | 70% | 28,484 | 30 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| April Jones | corporate director | 2020-10 | ||
| Catherine Chilton | corporate director | 2020-10 | ||
| Dallis Howard-Crow | corporate director | 2017-11 | ||
| David Osborn | corporate director | 2013-07 | ||
| David Williams | corporate director | 2024-05 | ||
| Deborah Mahan | corporate director | 2024-01 | ||
| Donald Elliman | corporate director | 2015-01 | ||
| Elizabeth Concordia | corporate officer | 2014-09 | ||
| Elizabeth Concordia | corporate director | 2015-01 | ||
| Elizabeth Concordia | w-2 managing employee | 2014-09 | ||
| Franciscus Caris | corporate director | 2024-10 | ||
| Gregory Harden | corporate officer | 2023-10 | ||
| Gregory Harden | w-2 managing employee | 2023-10 | ||
| Jena Hausmann | corporate director | 2015-03 | ||
| John Sampson | corporate director | 2024-07 | ||
| Kyle Hybl | corporate director | 2025-12 | ||
| Laura Steele | corporate director | 2013-07 | ||
| Lonnie Cramer | corporate officer | 2023-01 | ||
| Lonnie Cramer | w-2 managing employee | 2023-01 | ||
| Michael Long | corporate director | 2019-02 | ||
| Mina Liebert | corporate director | 2015-11 | ||
| Patricia Cone | corporate director | 2021-01 | ||
| Patrick Faricy | corporate director | 2017-10 | ||
| Raymond Baker | corporate director | 2014-04 | ||
| Richard Monfort | corporate director | 2013-07 |
Showing 25 of 30. Full list via /api/targets/060022.
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 |