Nor-Lea Hospital
dba Nor-Lea General Hospital ·
Lovington, Lea County, NM
· CCN 321305
Licensed to Nor-Lea Hospital District
Composite
25.1
rank score
Distress
22
FY2024
Fit
38
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- occupancy below 30%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $143M |
| Operating margin | -0.7% |
| Total margin | 13.6% |
| Days cash on hand | 347 |
| Current ratio | 11.92 |
| Occupancy | 21% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | — | $-98.7M | — | — | — | — | 15% | 352 | — |
| 2022 | 25 | $114M | $16.5M | -3.2% | 12.3% | 345 | 6.38 | 21% | 336 | 24 |
| 2023 | 25 | $131M | $24.9M | 0.9% | 16.1% | 348 | 9.62 | 18% | 362 | 16 |
| 2024 | 25 | $143M | $22.7M | -0.7% | 13.6% | 347 | 11.92 | 21% | 461 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Agustin Dorado | corporate director | 2008-08 | ||
| Beatriz Arreola | w-2 managing employee | 2006-09 | ||
| David Shaw | corporate director | 1999-12 | ||
| Julia Myers | corporate director | 2010-08 | ||
| Luz Soto | w-2 managing employee | 2023-05 | ||
| Manuel Quiroz | corporate director | 2016-08 | ||
| Maria Coleman | w-2 managing employee | 2010-01 | ||
| Melinda Cervantes | w-2 managing employee | 2000-04 | ||
| Nor-Lea Hospital District | operational/managerial control | 1980-03 | ||
| Robert De La Cruz | corporate director | 2023-08 | ||
| Rosina Insilan | corporate director | 2023-08 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.