Plains Regional Medical Ctr - Clovis
dba Plains Regional Medical Center Clovis ·
Clovis, Curry County, NM
· CCN 320022
Licensed to Presbyterian Healthcare Services
Composite
53.5
rank score
Distress
78
FY2023
Fit
46
vs thesis
Estimated ticket
$7.0M–$14.0M
100 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $108M |
| Operating margin | -10.9% |
| Total margin | 0.2% |
| Days cash on hand | 0 |
| Current ratio | -0.08 |
| Occupancy | 23% |
Facility
| Beds | 100 |
| 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 | 106 | $110M | $20.5M | 2.9% | 16.1% | 0 | 1.89 | 32% | 4,425 | 28 |
| 2021 | 106 | $108M | $31.0M | 4.1% | 23.0% | 0 | -0.08 | 29% | 3,096 | 44 |
| 2022 | 100 | $113M | $4.2M | -1.4% | 3.5% | 0 | -0.08 | 25% | 2,592 | 60 |
| 2023 | 100 | $108M | $265K | -10.9% | 0.2% | 0 | -0.08 | 23% | 2,584 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anthony Mahan | other | 2017-01 | ||
| Chris Bryant | other | 2017-01 | ||
| Dale Maxwell | corporate director | 2004-07 | ||
| Joyce Pollard | other | 2017-01 | ||
| Kimberly Poland | corporate officer | 2011-06 | ||
| Larry Roberts | other | 2017-01 | ||
| Leslie Donaldson | other | 2023-01 | ||
| Lonnie Leslie | other | 2017-01 | ||
| Presbyterian Healthcare Services | operational/managerial control | 1978-01 | ||
| Priscilla Hernandez | other | 2017-01 | ||
| 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 |