North Canyon Medical Center
Gooding, Gooding County, ID
· CCN 131302
Licensed to North Canyon Medical Center Inc
Composite
27.6
rank score
Distress
31
FY2023
Fit
34
vs thesis
Estimated ticket
$1.4M–$2.7M
16 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 60-90 days cash on hand
- 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 · FY2023
| Net patient revenue | $62.1M |
| Operating margin | 5.2% |
| Total margin | 5.8% |
| Days cash on hand | 89 |
| Current ratio | 2.73 |
| Occupancy | 21% |
Facility
| Beds | 16 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 16 | $38.3M | $4.7M | 8.4% | 11.2% | 145 | 1.95 | 35% | 387 | 18 |
| 2021 | 16 | $48.2M | $7.4M | 8.2% | 14.0% | 134 | 2.11 | 30% | 323 | 14 |
| 2022 | 16 | $53.7M | $2.1M | 4.3% | 3.7% | 110 | 2.71 | 27% | 323 | 18 |
| 2023 | 16 | $62.1M | $3.7M | 5.2% | 5.8% | 89 | 2.73 | 21% | 338 | 31 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jdee Adams | corporate director | 5 | 2019-11 | |
| Jdee Adams | w-2 managing employee | 5 | 2019-11 | |
| Sara Demoe | corporate director | 5 | 2019-11 | |
| Sara Demoe | w-2 managing employee | 5 | 2019-11 | |
| Christine Neuhoff | corporate officer | 2014-03 | ||
| Elaine Bryant | corporate officer | 2014-03 | ||
| Helen Edwards | corporate officer | 2014-03 | ||
| Jeffrey Taylor | corporate officer | 2014-03 | ||
| Kenneth Ruby | corporate officer | 2014-03 | ||
| Lucy Osborne | corporate officer | 2014-03 | ||
| Mark Bolduc | corporate officer | 2014-03 | ||
| Mark Spencer | corporate officer | 2014-03 | ||
| Phillip Becker | corporate officer | 2014-03 | ||
| Ricky Basterrechea | corporate officer | 2014-03 |
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 |
|---|---|---|---|---|
| 2021-08-01 | Caribou Medical Center, Inc | Caribou Memorial Hospital | Caribou Memorial Hospital | 25 |