Vibra Hospital Of Boise
Boise, Ada County, ID
· CCN 132002
Licensed to Vibra Hospital Of Boise Llc
Composite
75.2
rank score
Distress
92
FY2024
Fit
68
vs thesis
Estimated ticket
$8.4M–$33.6M
40 beds ·
within envelope
Ownership
for-profit
PE 6y
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- margin deteriorating sharply
- PE-owned 6 years — approaching exit window
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $16.9M |
| Operating margin | -10.8% |
| Total margin | -10.6% |
| Days cash on hand | 0 |
| Current ratio | 0.14 |
| Occupancy | 62% |
Facility
| Beds | 40 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 40 | $20.1M | $1.5M | 2.6% | 7.0% | 3 | 0.16 | 72% | 369 | 47 |
| 2022 | 40 | $19.1M | $8.9K | -5.7% | 0.0% | 0 | 0.13 | 74% | 379 | 72 |
| 2023 | 40 | $19.1M | $-86.5K | -3.3% | -0.4% | 0 | 0.16 | 71% | 377 | 70 |
| 2024 | 40 | $16.9M | $-1.8M | -10.8% | -10.6% | 0 | 0.14 | 62% | 370 | 92 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Midcap Funding Iv Trust | 5% or greater security interest | 100 | 2013-06 | |
| Vibra Healthcare Ii, Llc | 5% or greater indirect ownership interest | 75 | 2013-06 | |
| Brad Hollinger | 5% or greater indirect ownership interest | 62 | 2013-06 | |
| Mpt Of Boise Hospital Llc | 5% or greater security interest | 54 | 2018-03 | PE |
| Epoch Acquisition Inc | 5% or greater indirect ownership interest | 25 | 2018-03 | PE |
| Epoch Midco, Inc | 5% or greater indirect ownership interest | 25 | 2018-03 | PE |
| Epoch Parent Holdings Llc | 5% or greater indirect ownership interest | 25 | 2018-03 | |
| Epoch Parent Inc | 5% or greater indirect ownership interest | 25 | 2018-03 | PE |
| Ernest Health Holdings Llc | 5% or greater indirect ownership interest | 25 | 2018-03 | |
| Ernest Health, Inc | 5% or greater indirect ownership interest | 25 | 2018-03 | |
| Southwest Idaho Advanced Care Hospital Inc | 5% or greater indirect ownership interest | 25 | 2018-03 | |
| One Equity Partners Vii Lp | 5% or greater indirect ownership interest | 13 | 2018-03 | PE |
| One Equity Partners Vii-A Lp | 5% or greater indirect ownership interest | 7 | 2018-03 | PE |
| Brad Hollinger | corporate officer | 2013-06 | ||
| Demetrius Mcbride | corporate director | 2023-06 | ||
| Kelly Hollinger | corporate officer | 2020-03 | ||
| Kelly Hollinger | corporate director | 2020-03 | ||
| Leigh Eckley | corporate director | 2023-06 | ||
| Matthew Marakis | w-2 managing employee | 2024-02 | ||
| Vibra Management, Llc | operational/managerial control | 2018-03 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.