Rangely District Hospital
Rangely, Rio Blanco County, CO
· CCN 061307
Licensed to Rangely Hospital District
Composite
34.2
rank score
Distress
43
FY2023
Fit
37
vs thesis
Estimated ticket
$1.7M–$3.4M
20 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- 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 | $15.8M |
| Operating margin | -39.3% |
| Total margin | 7.7% |
| Days cash on hand | 181 |
| Current ratio | 4.10 |
| Occupancy | 6% |
Facility
| Beds | 20 |
| 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 | 25 | $13.2M | $3.6M | -46.9% | 15.7% | 217 | 3.86 | 50% | 66 | 34 |
| 2021 | 25 | $14.9M | $3.9M | -33.1% | 16.5% | 238 | 4.36 | 49% | 61 | 30 |
| 2022 | 25 | $16.1M | $3.0M | -31.4% | 12.4% | 211 | 4.11 | 54% | 66 | 30 |
| 2023 | 20 | $15.8M | $1.8M | -39.3% | 7.7% | 181 | 4.10 | 6% | 50 | 43 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| James Dillon | w-2 managing employee | 90 | 2021-08 | |
| James Dillon | operational/managerial control | 90 | 2021-08 | |
| Kyle Wren | w-2 managing employee | 90 | 2019-12 | |
| Kyle Wren | operational/managerial control | 90 | 2019-12 | |
| James Dillon | corporate officer | 10 | 2021-08 | |
| Kyle Wren | corporate officer | 10 | 2019-12 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.