dealflow
envelope $200M

← Targets

Colorado West Psychiatric Hospital

Grand Junction, Mesa County, CO · CCN 064023

Composite
62.7
rank score
Distress
70
FY2024
Fit
78
vs thesis
Estimated ticket
$9.2M–$37.0M
48 beds · within envelope
Ownership
nonprofit
PH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • margin deteriorating sharply
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • small but workable bed count
  • small ticket — deploys little of the available capital
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$15.5M
Operating margin -73.5%
Total margin -73.3%
Days cash on hand 0
Current ratio 6.67
Occupancy83%

Facility

Beds48
Facility typePH
Settingurban
Ownership classnonprofit
Per-bed (low) $192K
Per-bed (high) $770K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 64 $13.9M $-2.5M -29.1% -15.9% 0 13.01 49% 1,306 69
2022 64 $16.1M $-617K -8.1% -3.7% 0 11.50 45% 1,530 59
2023 64 $21.5M $-5.1M -24.4% -23.6% 0 69.91 50% 1,096 69
2024 48 $15.5M $-11.4M -73.5% -73.3% 0 6.67 83% 4,600 70

Owners

No ownership records — CMS has no owner filings mapped to this CCN.

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.