Desert Springs Hospital Medical Cntr
Las Vegas, Clark County, NV · CCN 290022
Composite
65.1
rank score
Distress
78
FY2023
Fit
75
vs thesis
Estimated ticket
$66.5M–$266M
190 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
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $30.7M |
| Operating margin | -12.6% |
| Total margin | -33.9% |
| Days cash on hand | 0 |
| Current ratio | 2.29 |
| Occupancy | 16% |
Facility
| Beds | 190 |
| 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 | 202 | $194M | $4.7M | -4.7% | 2.3% | 0 | 1.01 | 78% | 10,470 | 41 |
| 2021 | 202 | $213M | $8.3M | 1.8% | 3.8% | 0 | 2.43 | 79% | 10,793 | 29 |
| 2022 | 190 | $183M | $-69.7M | -39.4% | -37.6% | 0 | 2.84 | 74% | 9,794 | 67 |
| 2023 | 190 | $30.7M | $-8.8M | -12.6% | -33.9% | 0 | 2.29 | 16% | 946 | 78 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.