Bear Lake Memorial Hospital
Montpelier, Bear Lake County, ID
· CCN 131316
Licensed to Bear Lake County Memorial Hospital
Composite
28.1
rank score
Distress
35
FY2023
Fit
31
vs thesis
Estimated ticket
$1.8M–$3.6M
21 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- total margin under 2%
- 90-150 days cash on hand
- occupancy below 30%
- margin deteriorating
- 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
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $34.0M |
| Operating margin | -1.0% |
| Total margin | 1.3% |
| Days cash on hand | 135 |
| Current ratio | 7.38 |
| Occupancy | 20% |
Facility
| Beds | 21 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 21 | $29.4M | $1.8M | 1.6% | 5.8% | 169 | 7.86 | 25% | 311 | 16 |
| 2021 | 21 | $30.0M | $7.4M | 0.4% | 19.9% | 173 | 8.53 | 26% | 340 | 16 |
| 2022 | 21 | $32.4M | $2.5M | 2.2% | 7.2% | 151 | 8.09 | 20% | 270 | 9 |
| 2023 | 21 | $34.0M | $436K | -1.0% | 1.3% | 135 | 7.38 | 20% | 245 | 35 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bear Lake County | 5% or greater direct ownership interest | 100 | 1966-01 | |
| Arel Hunt | w-2 managing employee | 2025-04 | ||
| Leslie Crane | corporate officer | 2009-06 | ||
| Leslie Crane | w-2 managing employee | 2009-06 |
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 |