Holy Cross Hospital - Jordan Valley
West Jordan, Salt Lake County, UT
· CCN 460051
Licensed to Catholic Health Initiatives Colorado
Already transacted. CMS recorded an ownership change effective
2023-05-01. Confirm the current owner before spending a call on this.
Composite
16.2
rank score
Distress
24
FY2024
Fit
84
vs thesis
Estimated ticket
$79.5M–$318M
159 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- debt above 85% of assets
- occupancy 45-60%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
- changed ownership 2023-05-01 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $357M |
| Operating margin | 3.8% |
| Total margin | 6.5% |
| Days cash on hand | — |
| Current ratio | 1.82 |
| Occupancy | 55% |
Facility
| Beds | 159 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 267 | $313M | $82.8M | 23.6% | 25.7% | 0 | 9.39 | 38% | 9,048 | 28 |
| 2022 | 267 | $331M | $106M | 28.8% | 30.9% | 0 | 1.50 | 40% | 9,206 | 28 |
| 2023 | 267 | $274M | $75.4M | 17.2% | 24.9% | 0 | 2.25 | 35% | 7,232 | 28 |
| 2024 | 159 | $357M | $23.8M | 3.8% | 6.5% | — | 1.82 | 55% | 8,514 | 24 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Commonspirit Health | 5% or greater direct ownership interest | 100 | 2023-05 | |
| Andrew Gaasch | corporate officer | 2024-05 | ||
| Andrew Gaasch | corporate director | 2025-07 | ||
| Barbara Riddle | corporate director | 2025-10 | ||
| Brad Mortensen | corporate director | 2025-10 | ||
| Christine Anderegg | corporate director | 2025-10 | ||
| Christine Mcsweeney | w-2 managing employee | 2023-07 | ||
| Christopher Hutchison | corporate director | 2025-10 | ||
| Commonspirit Mountain Region | operational/managerial control | 2023-05 | chain | |
| J Adams | corporate director | 2025-10 | ||
| Jason Hoagland | corporate director | 2025-10 | ||
| Jeremy Bradshaw | corporate director | 2025-10 | ||
| Katherine Brooks | corporate officer | 2025-07 | ||
| Kay Christofferson | corporate director | 2025-10 | ||
| Kirk Cullimore | corporate director | 2025-10 | ||
| Matthew Hinderaker | corporate director | 2025-10 | ||
| Megan Engelen | corporate director | 2025-10 | ||
| Mitch Melfi | corporate director | 2025-07 | ||
| Sheri Shapiro | corporate director | 2025-07 | ||
| Steven Meek | corporate director | 2025-10 | ||
| Tadd Richert | corporate officer | 2025-07 | ||
| Tadd Richert | operational/managerial control | 2024-05 | ||
| Tom Tosti | corporate director | 2025-10 | ||
| Tricia Rakusir | corporate director | 2025-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2023-05-01 | change of ownership | Catholic Health Initiatives Colorado | Jordan Valley Medical Center Lp |
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 |