Hale Hoola Hamakua
Honokaa, Hawaii County, HI
· CCN 121307
Licensed to Honokaa Hospital & Skilled Nursing
Composite
26.2
rank score
Distress
20
FY2024
Fit
43
vs thesis
Estimated ticket
$935K–$1.9M
11 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- under 30 days cash on hand
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $29.1M |
| Operating margin | 10.6% |
| Total margin | 28.8% |
| Days cash on hand | 12 |
| Current ratio | 1.57 |
| Occupancy | 62% |
Facility
| Beds | 11 |
| 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 | 11 | $18.5M | $3.5M | -13.9% | 14.2% | 10 | 1.33 | 54% | 2 | 60 |
| 2022 | 11 | $19.9M | $2.3M | -11.2% | 9.5% | 9 | 1.23 | 49% | — | 56 |
| 2023 | 11 | $20.2M | $3.0M | -20.3% | 11.1% | 9 | 1.25 | 60% | 1 | 53 |
| 2024 | 11 | $29.1M | $10.5M | 10.6% | 28.8% | 12 | 1.57 | 62% | 1 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Daniel Brinkman | corporate officer | 100 | 2014-08 | |
| Daniel Brinkman | operational/managerial control | 100 | 2014-08 | |
| Denise Mackey | corporate officer | 100 | 2017-05 | |
| Denise Mackey | operational/managerial control | 100 | 2017-05 | |
| Joni Waltjen | corporate officer | 100 | 2018-04 | |
| Brenda Ho | corporate director | 2014-01 | ||
| Chad Farias | corporate director | 2021-03 | ||
| Clarysse Nunokawa | corporate director | 2019-06 | ||
| Daniel Belcher | corporate director | 2014-01 | ||
| Deanna Sako | corporate director | 2018-09 | ||
| Hawaii Health Systems Corporation | operational/managerial control | 1996-07 | ||
| Jay Ignacio | corporate director | 2019-04 | ||
| Jennifer Zelko-Schlueter | corporate director | 2022-07 | ||
| Jerry Gray | corporate director | 2018-01 | ||
| Joseph Skruch | corporate director | 2022-03 | ||
| Lara Gomez | corporate director | 2022-11 | ||
| Rae Yamanaka | corporate director | 2018-01 | ||
| Randall Kurohara | corporate director | 2021-02 | ||
| Stephen Smith | corporate director | 2018-01 | ||
| Yvonne Wong | corporate director | 2022-10 |
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 |