Kauai Veterans Memorial Hospital
Waimea Kauai, Hawaii County, HI
· CCN 121300
Licensed to Kauai Veterans Memorial Hospital
Composite
38.2
rank score
Distress
43
FY2024
Fit
47
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $49.9M |
| Operating margin | -27.1% |
| Total margin | 15.5% |
| Days cash on hand | 282 |
| Current ratio | 3.24 |
| Occupancy | 49% |
Facility
| Beds | 25 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $40.4M | $13.1M | -29.5% | 20.0% | 249 | 1.61 | 47% | 648 | 41 |
| 2022 | 25 | $39.5M | $11.2M | -25.3% | 18.5% | 317 | 2.59 | 61% | 1,008 | 39 |
| 2023 | 25 | $49.1M | $14.1M | -14.7% | 20.0% | 357 | 2.55 | 53% | 1,149 | 41 |
| 2024 | 25 | $49.9M | $11.6M | -27.1% | 15.5% | 282 | 3.24 | 49% | 1,102 | 43 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Lance Segawa | corporate officer | 100 | 2018-04 | |
| Lance Segawa | w-2 managing employee | 100 | 2018-04 | |
| Lance Segawa | operational/managerial control | 100 | 2018-04 | |
| Christine Asato | corporate officer | 50 | 2018-04 | |
| Christine Asato | w-2 managing employee | 50 | 2018-04 | |
| Christine Asato | operational/managerial control | 50 | 2018-04 | |
| Patrick Gegen | corporate director | 10 | 2012-11 | |
| Stephanie Iona | corporate director | 10 | 2012-11 | |
| Donna Okada-Asher | corporate director | 2017-05 | ||
| Laurel Loo | corporate director | 2017-05 | ||
| Tito Villanueva | corporate director | 2017-05 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in HI
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2017-07-01 | Maui Health System A Kaiser... | Lanai Community Hospital | Lanai Community Hospital | 4 |
| 2017-07-01 | Maui Health System A Kaiser... | Kula Hospital | Kula Hospital | 9 |