dealflow
envelope $200M

← Targets

Vibra Specialty Hosp Portland

Portland, Multnomah County, OR · CCN 382004

Composite
56.3
rank score
Distress
70
FY2024
Fit
62
vs thesis
Estimated ticket
$15.3M–$61.3M
73 beds · within envelope
Ownership
government
LTCH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • margin deteriorating sharply
  • urban — higher occupancy and iteration surface
  • LTCH — distress here is a payment-model artifact
  • bed count in the target band
  • small ticket — deploys little of the available capital
  • strong occupancy — good iteration surface
  • government-owned — public process likely

Latest financials · FY2024

Net patient revenue$34.3M
Operating margin -13.3%
Total margin -13.1%
Days cash on hand 0
Current ratio 3.61
Occupancy68%

Facility

Beds73
Facility typeLTCH
Settingurban
Ownership classgovernment
Per-bed (low) $210K
Per-bed (high) $840K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 73 $35.3M $1.7M 4.5% 4.7% 3 0.64 71% 428 47
2022 73 $34.6M $1.7M 2.5% 4.8% 4 0.71 67% 459 47
2023 73 $30.0M $-7.0M -33.1% -21.1% 0 0.44 69% 386 91
2024 73 $34.3M $-4.5M -13.3% -13.1% 0 3.61 68% 359 70

Owners

No ownership records — CMS has no owner filings mapped to this CCN.

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.