San Juan Regional Medical Center
Farmington, San Juan County, NM
· CCN 320005
Licensed to San Juan Regional Medical Center, Inc.
Composite
48.4
rank score
Distress
47
FY2024
Fit
68
vs thesis
Estimated ticket
$91.0M–$364M
182 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- 30-60 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size at the top of the envelope — would need leverage
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $359M |
| Operating margin | -5.1% |
| Total margin | 4.9% |
| Days cash on hand | 53 |
| Current ratio | 2.05 |
| Occupancy | 54% |
Facility
| Beds | 182 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 182 | $313M | $53.0M | -1.9% | 14.3% | 148 | 2.71 | 58% | 8,827 | 22 |
| 2022 | 191 | $340M | $-9.4M | -7.1% | -2.6% | 87 | 2.54 | 64% | 9,087 | 40 |
| 2023 | 191 | $347M | $14.1M | -4.6% | 3.7% | 80 | 2.78 | 52% | 10,619 | 28 |
| 2024 | 182 | $359M | $19.6M | -5.1% | 4.9% | 53 | 2.05 | 54% | 10,977 | 47 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| John Mayer | operational/managerial control | 2022-04 | ||
| Shandra Smith | w-2 managing employee | 2004-02 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-07-01 | acquisition/merger | San Juan Regional Medical Center, Inc. | San Juan Regional... |
Who has been buying in NM
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 | Unm Hospital | Unm Sandoval Regional Medical Center, Inc | University Of New Mexico Hospital | 508 |
| 2021-01-01 | Covenant Hospital Hobbs | Lea Regional Hospital Llc | Covenant Health Hobbs Hospital | 25 |
| 2020-07-01 | San Juan Regional Medical Center, Inc. | San Juan Regional Rehabilitation... | San Juan Regional Medical Center | 182 |