Idaho Falls Community Hospital
Idaho Falls, ID
· CCN 130074
Licensed to Idaho Falls Community Hospital Llc
Composite
65.4
rank score
Distress
84
FY2023
Fit
69
vs thesis
Estimated ticket
$30.8M–$123M
88 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size somewhat below the envelope
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $111M |
| Operating margin | -18.1% |
| Total margin | -13.0% |
| Days cash on hand | 6 |
| Current ratio | 0.67 |
| Occupancy | 36% |
Facility
| Beds | 88 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 88 | $52.7M | $-33.9M | -67.0% | -62.5% | 5 | 0.50 | 22% | 1,570 | 93 |
| 2021 | 88 | $82.0M | $-20.5M | -30.2% | -23.8% | 19 | 0.66 | 31% | 2,110 | 90 |
| 2022 | 88 | $98.9M | $-19.6M | -23.1% | -19.1% | 10 | 0.52 | 39% | 2,924 | 97 |
| 2023 | 88 | $111M | $-15.1M | -18.1% | -13.0% | 6 | 0.67 | 36% | 2,981 | 84 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Smbi Idaho Llc | 5% or greater direct ownership interest | 80 | 2019-11 | |
| Ihc Health Services Inc | 5% or greater direct ownership interest | 20 | 2023-03 | |
| Casey Jackman | corporate officer | 2019-11 | ||
| Casey Jackman | corporate director | 2019-11 | ||
| Casey Jackman | w-2 managing employee | 2019-11 | ||
| Casey Jackman | operational/managerial control | 2019-11 | ||
| Ned Hillyard | corporate officer | 2019-11 | ||
| Ned Hillyard | corporate director | 2019-11 | ||
| Ned Hillyard | w-2 managing employee | 2019-11 |
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 ID
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 |
|---|---|---|---|---|
| 2024-01-01 | Kootenai Health Inc | Kootenai Health, Inc. | Kootenai Hospital District | 326 |
| 2017-05-01 | St Joseph Hospital Llc | St Joseph Regional Medical Center | St Joseph Regional Medical Center | 108 |