Presbyterian Hospital
Albuquerque, Bernalillo County, NM
· CCN 320021
Licensed to Presbyterian Healthcare Services
Composite
62.5
rank score
Distress
82
FY2023
Fit
64
vs thesis
Estimated ticket
$65.9M–$132M
942 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating sharply
- rural — cheaper but limited density
- very large — likely out of range
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $1.5B |
| Operating margin | -11.7% |
| Total margin | -11.0% |
| Days cash on hand | 0 |
| Current ratio | 0.52 |
| Occupancy | 63% |
Facility
| Beds | 942 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 671 | $1.3B | $-2.7M | -14.9% | -0.2% | 0 | -1.93 | 79% | 38,093 | 71 |
| 2021 | 671 | $1.3B | $-56.0M | -10.5% | -4.0% | 0 | 2.63 | 84% | 43,929 | 62 |
| 2022 | 822 | $1.4B | $-140M | -16.8% | -9.4% | 0 | 0.86 | 73% | 37,960 | 76 |
| 2023 | 942 | $1.5B | $-173M | -11.7% | -11.0% | 0 | 0.52 | 63% | 39,957 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Angela Gallegos-Macias | other | 2018-01 | ||
| Barbara Balik | other | 2021-01 | ||
| Cynthia Schultz | other | 2016-02 | ||
| Elisabeth Eden | other | 2024-01 | ||
| Gayle Chacon | other | 2022-01 | ||
| Kimberly Poland | w-2 managing employee | 2017-01 | ||
| Lauren Cates | corporate officer | 2023-01 | ||
| Lauren Cates | w-2 managing employee | 2000-01 | ||
| Lauren Cates | other | 2023-01 | ||
| Leslie Hoffman | other | 2017-01 | ||
| Marjorie Bessel | other | 2022-01 | ||
| Norman Becker | other | 2019-01 | ||
| Rishi Sikka | corporate officer | 2024-10 | ||
| Rishi Sikka | w-2 managing employee | 2024-10 | ||
| Rishi Sikka | other | 2024-10 | ||
| Robert Jefferson | other | 2015-08 | ||
| Terri Kline | other | 2022-01 | ||
| Tom Briones | other | 2024-09 | ||
| Tom Wise | other | 2024-09 | ||
| Victoria Carmignani | w-2 managing employee | 2011-04 |
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 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 |