Cedar City Hospital
dba Intermountain Health Cedar City Hospital ·
Cedar City, Iron County, UT
· CCN 460007
Licensed to Ihc Health Services Inc
Composite
36.5
rank score
Distress
28
FY2023
Fit
55
vs thesis
Estimated ticket
$4.8M–$9.6M
48 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy below 30%
- part of a multi-hospital chain — divestiture candidate
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $158M |
| Operating margin | 29.6% |
| Total margin | 30.3% |
| Days cash on hand | 0 |
| Current ratio | 10.18 |
| Occupancy | 30% |
Facility
| Beds | 48 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 48 | $101M | $21.9M | 18.0% | 20.8% | 0 | 6.76 | 32% | 2,075 | 28 |
| 2021 | 48 | $133M | $44.0M | 32.0% | 32.6% | 0 | 8.88 | 40% | 2,322 | 28 |
| 2022 | 48 | $137M | $46.3M | 31.4% | 33.0% | 0 | 8.82 | 33% | 2,173 | 28 |
| 2023 | 48 | $158M | $48.4M | 29.6% | 30.3% | 0 | 10.18 | 30% | 2,054 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ihc Health Services Inc | 5% or greater direct ownership interest | 100 | 1981-01 | chain |
| Sylvester Berube | corporate director | 100 | 2011-12 | |
| Cyndi Woodbury Gilbert | corporate director | 2023-01 | ||
| Danny Shaw | corporate director | 2023-01 | ||
| Derrick Haslem | corporate director | 2023-01 | ||
| Elizabeth Beckman | corporate director | 2022-04 | ||
| Evan Vickers | corporate director | 2023-01 | ||
| Jamison Robinett | corporate officer | 2024-11 | ||
| Jamison Robinett | w-2 managing employee | 2024-11 | ||
| Keith Whitfield | corporate director | 2023-01 | ||
| Mitchell Cloward | corporate officer | 2023-07 | ||
| Nicole Mouskondis | corporate director | 2023-01 | ||
| Robert Allen | corporate director | 2022-12 | ||
| Russell Childs | corporate director | 2023-01 | ||
| Travis Fullmer | corporate officer | 2017-12 | ||
| Travis Fullmer | w-2 managing employee | 2017-12 | ||
| Troy Spring | corporate officer | 2015-02 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in UT
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2023-05-01 | Catholic Health Initiatives Colorado | Salt Lake Regional Medical Center Lp | Holy Cross Hospital - Salt Lake | 92 |
| 2023-05-01 | Catholic Health Initiatives Colorado | Jordan Valley Medical Center Lp | Holy Cross Hospital - Jordan Valley | 159 |
| 2023-05-01 | Catholic Health Initiatives Colorado | Davis Hospital & Medical Center Lp | Holy Cross Hospital - Davis | 110 |