Saint Joseph Hospital
dba Intermountain Health Saint Joseph Hospital ·
Denver, Denver County, CO
· CCN 060028
Licensed to Saint Joseph Hospital, Inc
Composite
60.3
rank score
Distress
65
FY2023
Fit
73
vs thesis
Estimated ticket
$29.9M–$59.8M
352 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin below -8%
- under 30 days cash on hand
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $585M |
| Operating margin | -9.3% |
| Total margin | -8.1% |
| Days cash on hand | 0 |
| Current ratio | 9.84 |
| Occupancy | 62% |
Facility
| Beds | 352 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 361 | $552M | $39.7M | -2.9% | 6.3% | 0 | 4.70 | 63% | 16,518 | 38 |
| 2021 | 364 | $595M | $59.2M | 6.9% | 9.3% | 0 | 1.46 | 66% | 17,132 | 26 |
| 2022 | 400 | $567M | $-21.2M | -6.1% | -3.5% | 0 | 11.95 | 57% | 15,980 | 59 |
| 2023 | 352 | $585M | $-49.7M | -9.3% | -8.1% | 0 | 9.84 | 62% | 16,006 | 65 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sisters Of Charity Of Leavenworth Health System Inc | 5% or greater direct ownership interest | 100 | 2010-12 | |
| Amy Blasing | corporate officer | 2025-07 | ||
| Amy Blasing | w-2 managing employee | 2025-07 | ||
| Ashley Denton | corporate officer | 2024-09 | ||
| Ashley Denton | w-2 managing employee | 2024-09 | ||
| Christine Forkner | corporate director | 2018-01 | ||
| David Kinnard | corporate director | 2017-01 | ||
| Faye Hummel | corporate director | 2015-10 | ||
| Gillian Mcknight-Tutein | corporate director | 2022-01 | ||
| Intermountain Health Care, Inc | operational/managerial control | 2022-04 | chain | |
| James Capp | corporate director | 2024-01 | ||
| Katherine Boelter | corporate director | 2022-01 | ||
| Kelly Dunkin | corporate director | 2022-01 | ||
| Melissa Whitmer | corporate director | 2024-01 | ||
| Stephen Frankel | corporate director | 2022-01 | ||
| Steven Brown | corporate director | 2024-01 |
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 |