Socorro General Hospital
Socorro, Socorro County, NM
· CCN 321301
Licensed to Presbyterian Healthcare Services
Composite
32.5
rank score
Distress
42
FY2023
Fit
34
vs thesis
Estimated ticket
$2.0M–$4.1M
24 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- under 30 days cash on hand
- occupancy below 30%
- rural — cheaper but limited density
- very small facility
- 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 | $35.6M |
| Operating margin | -2.1% |
| Total margin | 3.8% |
| Days cash on hand | 0 |
| Current ratio | 1.95 |
| Occupancy | 16% |
Facility
| Beds | 24 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 24 | $27.1M | $-916K | -13.9% | -3.1% | 0 | 0.80 | 19% | 374 | 84 |
| 2021 | 24 | $29.8M | $1.1M | -7.8% | 3.3% | 0 | 0.93 | 20% | 439 | 62 |
| 2022 | 24 | $34.6M | $981K | -3.2% | 2.7% | 0 | 1.29 | 20% | 397 | 50 |
| 2023 | 24 | $35.6M | $1.4M | -2.1% | 3.8% | 0 | 1.95 | 16% | 381 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alan Bassler | other | 2011-01 | ||
| Blake Gerard | other | 2016-01 | ||
| Eileen Comstock | other | 2023-01 | ||
| Janine Morgan Aragon | corporate officer | 2008-03 | ||
| Jo Anne Salome | other | 2016-01 | ||
| Kimberly Poland | corporate officer | 2011-01 | ||
| Kimberly Poland | w-2 managing employee | 2011-01 | ||
| Lorraine Archuleta | corporate officer | 2003-01 | ||
| Lynn Brandvold | other | 1999-01 | ||
| Nick Fleming | other | 2016-01 | ||
| Presbyterian Healthcare Services | operational/managerial control | 2000-03 | ||
| Robert Tracker | corporate officer | 2010-01 | ||
| Ron Gilworth | corporate officer | 2006-10 | ||
| Veronica Pound | other | 2016-01 | ||
| 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.