Adventhealth Littleton Hospital
dba Adventhealth Littleton ·
Littleton, Arapahoe County, CO
· CCN 060113
Licensed to Portercare Adventist Health System
Composite
56.8
rank score
Distress
50
FY2023
Fit
81
vs thesis
Estimated ticket
$85.4M–$342M
201 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- current ratio under 1.5
- debt above 70% of assets
- occupancy 45-60%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $316M |
| Operating margin | -7.9% |
| Total margin | -6.4% |
| Days cash on hand | 505 |
| Current ratio | 1.05 |
| Occupancy | 58% |
Facility
| Beds | 201 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 | 159 | $267M | $13.1M | 1.0% | 4.7% | 0 | 3.08 | 69% | 8,508 | 29 |
| 2021 | 201 | $308M | $31.0M | 8.8% | 9.9% | 0 | 2.05 | 58% | 9,140 | 24 |
| 2022 | 201 | $314M | $9.6M | 1.3% | 3.0% | 0 | 2.76 | 57% | 9,124 | 31 |
| 2023 | 201 | $316M | $-20.5M | -7.9% | -6.4% | 505 | 1.05 | 58% | 9,683 | 50 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adventist Health System Sunbelt Healthcare Corporation | 5% or greater direct ownership interest | 100 | 2001-10 | chain |
| Andrew Jahn | corporate officer | 2024-04 | ||
| Andrew Jahn | corporate director | 2024-04 | ||
| Brett Spenst | corporate officer | 2023-08 | ||
| Brett Spenst | corporate director | 2023-08 | ||
| Brita Krabacher | corporate director | 2023-06 | ||
| Christine Miller | corporate director | 2023-06 | ||
| David Huffman | corporate officer | 2024-08 | ||
| David Vandevere | corporate director | 2025-08 | ||
| David Weis | corporate director | 2026-01 | ||
| Debbie Brinkman | corporate director | 2022-11 | ||
| Diane Godfrey | corporate officer | 2025-12 | ||
| Gary Thurber | corporate director | 2023-08 | ||
| Haney Vincent | corporate officer | 2021-12 | ||
| Hubert Morel | corporate director | 2021-06 | ||
| Jeffrey Graff | corporate officer | 2014-09 | ||
| Jeremy Pittman | corporate officer | 2024-03 | ||
| Jeremy Pittman | corporate director | 2024-03 | ||
| Jonathan Perry | contracted managing employee | 2025-04 | ||
| Jonathan Perry | corporate officer | 2025-04 | ||
| Jonathan Perry | operational/managerial control | 2025-04 | ||
| Karsten Randolph | corporate director | 2023-08 | ||
| Lars Houmann | corporate director | 2023-08 | ||
| Lynn Addiscott | corporate officer | 2005-11 | ||
| Marc Ordelheide | corporate director | 2023-08 |
Showing 25 of 41. Full list via /api/targets/060113.
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 |