Kit Carson County Memorial Hospital
Burlington, CO
· CCN 061313
Licensed to Kit Carson County Health Services District
Composite
18.4
rank score
Distress
8
FY2023
Fit
37
vs thesis
Estimated ticket
$1.6M–$3.2M
19 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- occupancy below 30%
- 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 | $23.6M |
| Operating margin | 5.0% |
| Total margin | 9.6% |
| Days cash on hand | 357 |
| Current ratio | 4.10 |
| Occupancy | 17% |
Facility
| Beds | 19 |
| 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 | 19 | $17.4M | $701K | -14.8% | 3.4% | 337 | 1.86 | 15% | 158 | 41 |
| 2021 | 19 | $22.1M | $6.9M | 8.4% | 25.5% | 344 | 2.64 | 12% | 205 | 9 |
| 2022 | 19 | $20.5M | $132K | -7.9% | 0.6% | 288 | 3.43 | 13% | 102 | 34 |
| 2023 | 19 | $23.6M | $2.4M | 5.0% | 9.6% | 357 | 4.10 | 17% | 137 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bryan Bogle | contracted managing employee | 50 | 2021-05 | |
| Bryan Bogle | corporate officer | 50 | 2021-05 | |
| Brenda Briegel | corporate director | 1999-07 | ||
| Brenda Briegel | w-2 managing employee | 1999-07 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.