Advanced Care Hospital Of Southern N
dba Advanced Care Hospital Of Southern New Mexico ·
Las Cruces, Dona Ana County, NM
· CCN 322004
Licensed to Advanced Care Hospital Of Southern New Mexico Llc
Composite
55.2
rank score
Distress
70
FY2024
Fit
57
vs thesis
Estimated ticket
$4.2M–$16.8M
20 beds ·
within envelope
Ownership
for-profit
PE
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- margin deteriorating sharply
- recently acquired by private equity
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $8.9M |
| Operating margin | -3.9% |
| Total margin | -2.3% |
| Days cash on hand | 4 |
| Current ratio | -0.05 |
| Occupancy | 67% |
Facility
| Beds | 20 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 20 | $11.1M | $1.5M | 12.3% | 13.4% | 76 | -0.06 | 78% | 244 | 31 |
| 2022 | 20 | $11.3M | $2.8M | 20.9% | 24.0% | 36 | -0.05 | 77% | 230 | 38 |
| 2023 | 20 | $9.6M | $351K | -0.3% | 3.5% | 2 | -0.05 | 72% | 226 | 59 |
| 2024 | 20 | $8.9M | $-211K | -3.9% | -2.3% | 4 | -0.05 | 67% | 267 | 70 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Epoch Acquisition Inc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Epoch Midco, Inc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Epoch Parent Holdings Llc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Epoch Parent Inc | 5% or greater indirect ownership interest | 100 | 2018-10 | |
| Ernest Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2012-02 | |
| Ernest Health, Inc | 5% or greater direct ownership interest | 100 | 2006-03 | |
| Ernest Health, Inc | other | 100 | 2006-03 | |
| One Equity Partners Vii Lp | 5% or greater indirect ownership interest | 58 | 2025-11 | PE |
| One Equity Partners Vii-A Lp | 5% or greater indirect ownership interest | 30 | 2025-11 | PE |
| Mpt Of Las Cruces Llc | 5% or greater security interest | 19 | 2020-12 | |
| One Equity Partners Vii-B Lp | 5% or greater indirect ownership interest | 12 | 2025-11 | PE |
| Caleb Reed | corporate officer | 2023-06 | ||
| Christina Salazar | w-2 managing employee | 2022-09 | ||
| Denise Kann | corporate officer | 2023-06 | ||
| Eudora Cannon | corporate officer | 2023-06 | ||
| Eudora Cannon | other | 2023-06 | ||
| Jacob Socha | corporate officer | 2023-06 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.