Kremmling Memorial Hospital District
dba Middle Park Medical Center ·
Kremmling, Grand County, CO
· CCN 061318
Licensed to Kremmling Memorial Hospital District
Composite
25.0
rank score
Distress
19
FY2023
Fit
41
vs thesis
Estimated ticket
$1.9M–$3.7M
22 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- 90-150 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $56.5M |
| Operating margin | 8.6% |
| Total margin | 5.1% |
| Days cash on hand | 136 |
| Current ratio | 3.63 |
| Occupancy | 43% |
Facility
| Beds | 22 |
| 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 | 21 | $38.2M | $9.3M | 8.3% | 21.0% | 213 | 5.14 | 22% | 141 | 13 |
| 2021 | 22 | $43.7M | $3.7M | 7.5% | 8.5% | 211 | 8.26 | 35% | 150 | 10 |
| 2022 | 22 | $50.0M | $6.1M | 0.6% | 11.5% | 164 | 4.30 | 37% | 166 | 12 |
| 2023 | 22 | $56.5M | $3.0M | 8.6% | 5.1% | 136 | 3.63 | 43% | 117 | 19 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jason Cleckler | corporate officer | 50 | 2020-01 | |
| Kremmling Memorial Hospital District | operational/managerial control | 2003-03 | ||
| Mikealena Horner | w-2 managing employee | 2010-10 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.