Molokai General Hospital
Kaunakakai, Maui County, HI
· CCN 121303
Licensed to Molokai General Hospital
Composite
32.5
rank score
Distress
42
FY2024
Fit
34
vs thesis
Estimated ticket
$1.3M–$2.5M
15 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin -10% to -5%
- debt above 70% of assets
- occupancy below 30%
- margin deteriorating sharply
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $20.1M |
| Operating margin | -7.0% |
| Total margin | 11.8% |
| Days cash on hand | 351 |
| Current ratio | 2.43 |
| Occupancy | 13% |
Facility
| Beds | 15 |
| 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 | 15 | $16.8M | $4.4M | -1.3% | 20.7% | 318 | 5.01 | 6% | 71 | 24 |
| 2022 | 15 | $17.3M | $1.2M | -6.7% | 6.3% | 320 | 4.64 | 8% | 62 | 31 |
| 2023 | 15 | $19.8M | $-24.2M | -5.8% | 738.2% | 318 | 4.09 | 9% | 101 | 42 |
| 2024 | 15 | $20.1M | $2.9M | -7.0% | 11.8% | 351 | 2.43 | 13% | 130 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Clinton Yee | corporate officer | 2015-01 | ||
| Donna Paoa | corporate director | 2018-01 | ||
| James Boswell | corporate director | 2021-01 | ||
| Janice Kalanihuia | corporate director | 2005-11 | ||
| Janice Kalanihuia | w-2 managing employee | 2002-01 | ||
| Janice Kalanihuia | operational/managerial control | 2002-01 | ||
| Jason Chang | corporate director | 2021-01 | ||
| Jenai Wall | corporate director | 2018-01 | ||
| Jill Hoggard Green | corporate officer | 2019-09 | ||
| Jill Hoggard Green | corporate director | 2019-09 | ||
| Lance Dunbar | corporate director | 1996-01 | ||
| Marina Lafaele | corporate officer | 2019-09 | ||
| Punahele Alcon | corporate officer | 2006-02 | ||
| The Queen's Health Systems | operational/managerial control | 1987-07 |
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 |