Curry Health District
dba Curry General Hospital ·
Gold Beach, Curry County, OR
· CCN 381322
Licensed to Curry Health District
Composite
27.1
rank score
Distress
29
FY2024
Fit
35
vs thesis
Estimated ticket
$1.4M–$2.7M
16 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $69.9M |
| Operating margin | -3.1% |
| Total margin | 2.6% |
| Days cash on hand | 152 |
| Current ratio | 4.74 |
| Occupancy | 40% |
Facility
| Beds | 16 |
| 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 | 16 | $53.3M | $14.4M | 5.8% | 22.3% | 163 | 4.79 | 38% | 511 | 6 |
| 2022 | 16 | $59.7M | $11.1M | 4.5% | 16.1% | 178 | 5.39 | 42% | 476 | 6 |
| 2023 | 16 | $66.3M | $3.8M | 0.5% | 5.4% | 159 | 6.68 | 46% | 496 | 9 |
| 2024 | 16 | $69.9M | $1.9M | -3.1% | 2.6% | 152 | 4.74 | 40% | 522 | 29 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Curry Health District | other | 100 | 2013-09 | |
| Virginia Williams | 5% or greater direct ownership interest | 100 | 2015-05 | |
| Virginia Williams | corporate officer | 100 | 2015-05 | |
| Virginia Williams | w-2 managing employee | 100 | 2015-05 | |
| Virginia Williams | operational/managerial control | 100 | 2015-05 | |
| Bryan Grummon | corporate director | 20 | 2019-07 | |
| Derral Hawthorne | corporate director | 20 | 2021-07 | |
| Joel Hensley | corporate director | 20 | 2021-07 | |
| Karen Kennedy | corporate director | 20 | 2015-07 | |
| Maarten Van Otterloo | corporate director | 20 | 2020-07 | |
| Bryan Grummon | 5% or greater indirect ownership interest | 2019-07 | ||
| Derral Hawthorne | 5% or greater indirect ownership interest | 2021-07 | ||
| Joel Hensley | 5% or greater indirect ownership interest | 2021-07 | ||
| Karen Kennedy | 5% or greater indirect ownership interest | 2015-07 | ||
| Maarten Van Otterloo | 5% or greater indirect ownership interest | 2020-07 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.