Southeast Colorado Hospital
Springfield, Baca County, CO
· CCN 061311
Licensed to Southeast Colorado Hospital District
Composite
51.2
rank score
Distress
81
FY2023
Fit
37
vs thesis
Estimated ticket
$892K–$1.8M
15 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- 30-60 days cash on hand
- current ratio below 0.8
- 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 | $19.1M |
| Operating margin | -24.4% |
| Total margin | -7.4% |
| Days cash on hand | 32 |
| Current ratio | 0.24 |
| Occupancy | 24% |
Facility
| Beds | 15 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 15 | $16.8M | $1.2M | -17.2% | 5.6% | 53 | 1.81 | 34% | 168 | 50 |
| 2021 | 15 | $19.3M | $3.4M | -11.4% | 13.8% | 116 | 4.69 | 31% | 161 | 38 |
| 2022 | 15 | $17.9M | $-1.5M | -25.2% | -7.0% | 56 | 2.24 | 25% | 141 | 66 |
| 2023 | 15 | $19.1M | $-1.6M | -24.4% | -7.4% | 32 | 0.24 | 24% | 170 | 81 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anthony Brocato | w-2 managing employee | 2026-05 | ||
| Heather Burdick | corporate director | 2023-01 | ||
| Heather Burdick | w-2 managing employee | 2023-01 | ||
| Southeast Colorado Hospital District | 5% or greater direct ownership interest | 2001-03 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.