The Memorial Hospital
dba Memorial Regional Health ·
Craig, Moffat County, CO
· CCN 061314
Licensed to The Memorial Hospital
Composite
36.0
rank score
Distress
41
FY2023
Fit
44
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- 60-90 days cash on hand
- debt above 85% of assets
- occupancy below 30%
- margin slipping
- rural — cheaper but limited density
- small but workable bed count
- 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 | $67.2M |
| Operating margin | -0.0% |
| Total margin | 2.1% |
| Days cash on hand | 77 |
| Current ratio | 1.78 |
| Occupancy | 18% |
Facility
| Beds | 25 |
| 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 | $58.0M | $2.4M | -9.5% | 3.7% | 48 | 2.44 | 32% | 527 | 52 |
| 2021 | 25 | $63.0M | $4.8M | -1.8% | 6.9% | 34 | 1.88 | 37% | 641 | 46 |
| 2022 | 25 | $60.8M | $228K | -4.9% | 0.4% | 112 | 1.96 | 25% | 448 | 40 |
| 2023 | 25 | $67.2M | $1.4M | -0.0% | 2.1% | 77 | 1.78 | 18% | 382 | 41 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| County Of Moffat | 5% or greater direct ownership interest | 100 | 1966-01 | |
| Allan Reishus | corporate director | 2021-05 | ||
| Denise Arola | corporate director | 2020-05 | ||
| Jennifer Riley | corporate officer | 2010-12 | ||
| Jennifer Riley | w-2 managing employee | 2021-10 | ||
| John Ponikvar | corporate director | 2023-05 | ||
| Kelly Hepworth | corporate director | 2017-01 | ||
| Steve Hilley | corporate director | 2024-05 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.