St Vincent General Hospital
Leadville, CO
· CCN 061319
Licensed to St. Vincent General Hospital District
Composite
58.5
rank score
Distress
97
FY2023
Fit
37
vs thesis
Estimated ticket
$476K–$952K
8 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- 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 | $12.8M |
| Operating margin | -80.9% |
| Total margin | -17.9% |
| Days cash on hand | 12 |
| Current ratio | 0.54 |
| Occupancy | 20% |
Facility
| Beds | 8 |
| 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 | 8 | $11.7M | $2.2M | -13.6% | 14.2% | 169 | 1.38 | 22% | 95 | 44 |
| 2021 | 8 | $15.1M | $2.7M | -23.6% | 12.4% | 14 | 0.15 | 27% | 126 | 77 |
| 2022 | 8 | $13.1M | $-5.5M | -94.9% | -27.6% | 10 | 0.79 | 21% | 134 | 97 |
| 2023 | 8 | $12.8M | $-3.5M | -80.9% | -17.9% | 12 | 0.54 | 20% | 85 | 97 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Justin Bartlett | 5% or greater direct ownership interest | 100 | 2025-10 | |
| Justin Bartlett | operational/managerial control | 100 | 2025-10 | |
| Justin Bartlett | corporate officer | 2025-10 | ||
| Ruth Hart | corporate director | 2022-01 | ||
| Ruth Hart | w-2 managing employee | 2022-01 | ||
| St. Vincent General Hospital District | 5% or greater direct ownership interest | 2013-06 | ||
| St. Vincent General Hospital District | operational/managerial control | 2010-11 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.