Southwest Memorial Hospital
Cortez, Montezuma County, CO
· CCN 061327
Licensed to Southwest Health System Inc
Composite
33.7
rank score
Distress
34
FY2023
Fit
46
vs thesis
Estimated ticket
$1.7M–$3.4M
20 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- total margin under 2%
- 60-90 days cash on hand
- current ratio under 1.5
- occupancy 45-60%
- margin slipping
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $76.4M |
| Operating margin | -3.7% |
| Total margin | 0.6% |
| Days cash on hand | 68 |
| Current ratio | 1.48 |
| Occupancy | 53% |
Facility
| Beds | 20 |
| 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 | $52.6M | $794K | -28.9% | 1.2% | 96 | 1.45 | 35% | 908 | 49 |
| 2021 | 25 | $63.6M | $1.3M | -12.9% | 1.8% | 88 | 1.55 | 44% | 931 | 51 |
| 2022 | 23 | $74.6M | $-670K | -1.3% | -0.9% | 74 | 1.49 | 41% | 895 | 47 |
| 2023 | 20 | $76.4M | $451K | -3.7% | 0.6% | 68 | 1.48 | 53% | 885 | 34 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Joseph Theine | w-2 managing employee | 100 | 2023-07 | |
| Daniel Valverde | corporate director | 2018-06 | ||
| Sean Killoy | corporate director | 2021-09 | ||
| Shirley Jones | corporate director | 2018-12 | ||
| Southwest Health System Inc | 5% or greater direct ownership interest | 2007-12 | ||
| Southwest Health System Inc | operational/managerial control | 2007-12 | ||
| Susan Hodgdon | corporate director | 2019-05 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.