St. Thomas More Hospital
Canon City, Fremont County, CO
· CCN 061344
Licensed to Catholic Health Initiatives Colorado
Composite
34.2
rank score
Distress
22
FY2024
Fit
56
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $89.1M |
| Operating margin | 18.3% |
| Total margin | 20.3% |
| Days cash on hand | 0 |
| Current ratio | 15.32 |
| Occupancy | 55% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $83.3M | $16.8M | 16.7% | 19.5% | 23 | 3.32 | 66% | 1,642 | 22 |
| 2022 | 25 | $86.3M | $17.9M | 15.3% | 19.7% | 0 | 5.43 | 74% | 1,579 | 22 |
| 2023 | 25 | $83.7M | $18.2M | 18.4% | 21.1% | 0 | 10.49 | 62% | 1,610 | 22 |
| 2024 | 25 | $89.1M | $18.6M | 18.3% | 20.3% | 0 | 15.32 | 55% | 1,503 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Commonspirit Health | 5% or greater direct ownership interest | 100 | 2007-11 | |
| Commonspirit Mountain Region | operational/managerial control | 100 | 2009-09 | chain |
| Andrew Gaasch | corporate officer | 2024-05 | ||
| Andrew Gaasch | corporate director | 2025-07 | ||
| Austin Garza | corporate director | 2025-10 | ||
| Danielle Summerville | corporate director | 2025-10 | ||
| David Carochi | corporate director | 2025-10 | ||
| David Crockenberg | corporate director | 2025-10 | ||
| Eleanor Powell | corporate director | 2025-10 | ||
| Elizabeth Gallegos | corporate director | 2025-10 | ||
| Katherine Brooks | corporate officer | 2025-07 | ||
| Kevin Gratham | corporate director | 2025-10 | ||
| Michael Cafasso | w-2 managing employee | 2023-07 | ||
| Mitch Melfi | corporate director | 2025-07 | ||
| Nadine Heimann | corporate director | 2025-10 | ||
| Nathan Springer | corporate director | 2025-10 | ||
| Peter Powers | corporate director | 2025-10 | ||
| Phyllis Pennington | corporate director | 2025-10 | ||
| Richard Miller | corporate director | 2025-10 | ||
| Sheri Shapiro | corporate director | 2025-07 | ||
| Tadd Richert | corporate officer | 2025-07 | ||
| Tadd Richert | operational/managerial control | 2024-05 | ||
| Tanah Wagenseller | corporate director | 2025-10 | ||
| Vanesa Kochevar | corporate director | 2025-10 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.