Rio Grande Hospital
Del Norte, Rio Grande County, CO
· CCN 061301
Licensed to Valley Citizens' Foundation For Health Care Inc
Composite
28.9
rank score
Distress
25
FY2023
Fit
44
vs thesis
Estimated ticket
$1.4M–$2.9M
17 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin -10% to -5%
- occupancy 30-45%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $29.6M |
| Operating margin | -7.1% |
| Total margin | 4.8% |
| Days cash on hand | 362 |
| Current ratio | 7.70 |
| Occupancy | 43% |
Facility
| Beds | 17 |
| Facility type | CAH |
| 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 | 17 | $21.4M | $103K | -6.3% | 0.5% | 158 | 1.88 | 33% | 456 | 31 |
| 2021 | 17 | $24.7M | $7.1M | -0.4% | 22.4% | 451 | 6.04 | 39% | 511 | 21 |
| 2022 | 17 | $26.7M | $2.9M | -6.3% | 9.4% | 426 | 11.97 | 46% | 649 | 24 |
| 2023 | 17 | $29.6M | $1.6M | -7.1% | 4.8% | 362 | 7.70 | 43% | 651 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Arlene Harms | corporate director | 2007-05 | ||
| Arlene Harms | w-2 managing employee | 2007-05 | ||
| Emily Brown | corporate director | 2021-10 | ||
| Erin Pearson | corporate director | 2022-09 | ||
| Gail Mattive | corporate director | 2022-09 | ||
| Gregory Porter | corporate director | 2007-08 | ||
| Gregory Porter | w-2 managing employee | 2007-08 | ||
| Julie Sauvigne | corporate director | 2022-10 | ||
| Leah Weyers | corporate director | 2020-10 | ||
| Mary Deacon | corporate director | 2021-10 | ||
| Sharon Nash | corporate director | 2016-10 | ||
| Thomas Haefeli | corporate director | 2022-09 | ||
| Tyler Hathorn | corporate director | 2022-05 | ||
| Tyler Off | corporate director | 2021-02 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.