Melissa Memorial Hospital
Holyoke, Phillips County, CO
· CCN 061305
Licensed to East Phillips County Hospital District
Composite
36.9
rank score
Distress
49
FY2023
Fit
37
vs thesis
Estimated ticket
$1.3M–$2.5M
15 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- 90-150 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $22.9M |
| Operating margin | -9.5% |
| Total margin | -1.6% |
| Days cash on hand | 146 |
| Current ratio | 7.35 |
| Occupancy | 14% |
Facility
| Beds | 15 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| 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 | 15 | $17.8M | $1.3M | -11.2% | 6.1% | 226 | 1.89 | 24% | 175 | 37 |
| 2021 | 15 | $20.0M | $3.6M | -9.1% | 14.1% | 185 | 1.78 | 18% | 141 | 31 |
| 2022 | 15 | $23.9M | $1.2M | -2.4% | 4.8% | 126 | 6.46 | 14% | 109 | 29 |
| 2023 | 15 | $22.9M | $-391K | -9.5% | -1.6% | 146 | 7.35 | 14% | 104 | 49 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| East Phillips County Hospital District | 5% or greater direct ownership interest | 100 | 1966-07 | |
| Angela Powell | operational/managerial control | 2014-05 | ||
| Christopher Alvarez | w-2 managing employee | 2026-02 | ||
| Christopher Alvarez | operational/managerial control | 2026-02 | ||
| Gary Rahe | operational/managerial control | 2008-05 | ||
| Jessie Diamond | w-2 managing employee | 2026-02 | ||
| Jessie Diamond | operational/managerial control | 2026-02 | ||
| Jimmie Bailey | corporate officer | 2021-08 | ||
| Jimmie Bailey | w-2 managing employee | 2021-08 | ||
| Jimmie Bailey | operational/managerial control | 2021-08 | ||
| Julie Wiebke | operational/managerial control | 2021-04 | ||
| Maribeth Olson | w-2 managing employee | 2026-02 | ||
| Maribeth Olson | operational/managerial control | 2026-02 | ||
| Michael Hassell | corporate officer | 2022-11 | ||
| Michael Hassell | w-2 managing employee | 2022-11 | ||
| Michael Hassell | operational/managerial control | 2022-11 | ||
| Sheila Gift | operational/managerial control | 2015-02 | ||
| Steve Young | operational/managerial control | 1993-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.