Colorado Mental Health Inst-Ft Logan
dba Colorado Mental Health Institute At Fort Logan ·
Denver, Denver County, CO
· CCN 064003
Licensed to State Of Colorado
Composite
69.3
rank score
Distress
82
FY2024
Fit
81
vs thesis
Estimated ticket
$22.3M–$89.3M
116 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $13.4M |
| Operating margin | -349.8% |
| Total margin | -67.8% |
| Days cash on hand | 9 |
| Current ratio | -1.02 |
| Occupancy | 106% |
Facility
| Beds | 116 |
| Facility type | PH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 94 | $-2.5M | $-9.2M | 1,497.2% | -35.2% | 0 | -1.02 | 80% | 79 | 52 |
| 2022 | 94 | $-1.8M | $-7.0M | 1,999.3% | -25.0% | 2 | -1.03 | 77% | 69 | 52 |
| 2023 | 94 | $-2.3M | $-12.8M | 2,380.7% | -33.3% | 24 | -1.00 | 92% | 103 | 52 |
| 2024 | 116 | $13.4M | $-24.3M | -349.8% | -67.8% | 9 | -1.02 | 106% | 167 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| State Of Colorado | 5% or greater direct ownership interest | 100 | 1966-01 | |
| Jason Folbigg | w-2 managing employee | 2023-12 | ||
| Jason Folbigg | other | 2023-12 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.