Pagosa Springs Medical Center
Pagosa Springs, Archuleta County, CO
· CCN 061328
Licensed to Upper San Juan Health Service District
Composite
31.9
rank score
Distress
38
FY2023
Fit
37
vs thesis
Estimated ticket
$935K–$1.9M
11 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin -10% to -5%
- 90-150 days cash on hand
- occupancy below 30%
- margin deteriorating
- 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 | $41.0M |
| Operating margin | -5.1% |
| Total margin | 2.9% |
| Days cash on hand | 129 |
| Current ratio | 5.59 |
| Occupancy | 14% |
Facility
| Beds | 11 |
| 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 | 11 | $31.4M | $2.1M | -21.9% | 5.3% | 172 | 2.16 | 19% | 277 | 41 |
| 2021 | 11 | $33.4M | $9.0M | -19.5% | 18.4% | 174 | 3.01 | 22% | 330 | 37 |
| 2022 | 11 | $33.8M | $-2.9M | -32.9% | -6.9% | 118 | 3.68 | 20% | 319 | 53 |
| 2023 | 11 | $41.0M | $1.3M | -5.1% | 2.9% | 129 | 5.59 | 14% | 244 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ann Bruzzese | corporate officer | 2015-02 | ||
| Ann Bruzzese | corporate director | 2015-02 | ||
| Ann Bruzzese | w-2 managing employee | 2015-02 | ||
| Michelle Keplinger | corporate officer | 2018-04 | ||
| Michelle Keplinger | corporate director | 2018-04 | ||
| Rhonda Webb | corporate officer | 2018-01 | ||
| Upper San Juan Health Service District | operational/managerial control | 1984-08 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.