Cache Valley Hospital
North Logan, Cache County, UT
· CCN 460054
Licensed to Mountain Division - Cvh, Llc
Composite
66.8
rank score
Distress
88
FY2024
Fit
68
vs thesis
Estimated ticket
$9.8M–$39.2M
28 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- small but workable bed count
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $34.7M |
| Operating margin | -26.2% |
| Total margin | -25.9% |
| Days cash on hand | 0 |
| Current ratio | 2.46 |
| Occupancy | 16% |
Facility
| Beds | 28 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 28 | $30.4M | $-2.9M | -9.9% | -9.5% | 0 | 3.37 | 14% | 780 | 81 |
| 2022 | 28 | $34.1M | $-2.3M | -7.1% | -6.8% | 0 | 3.00 | 14% | 567 | 77 |
| 2023 | 28 | $34.7M | $-4.2M | -12.4% | -12.1% | 0 | 4.08 | 15% | 571 | 87 |
| 2024 | 28 | $34.7M | $-9.0M | -26.2% | -25.9% | 0 | 2.46 | 16% | 597 | 88 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hca Healthcare Inc | 5% or greater indirect ownership interest | 100 | 2017-05 | |
| Hca Inc | 5% or greater indirect ownership interest | 100 | 2014-06 | |
| Healthtrust Inc - The Hospital Company | 5% or greater indirect ownership interest | 100 | 2014-06 | |
| Hti Hospital Holdings Inc | 5% or greater direct ownership interest | 100 | 2014-06 | |
| Hercules Holding Ii | 5% or greater indirect ownership interest | 18 | 2016-09 | |
| Frisco Holding Ii | 5% or greater indirect ownership interest | 16 | 2026-02 | |
| Benjamin Baumann | corporate officer | 2017-02 | ||
| Benjamin Baumann | w-2 managing employee | 2017-02 | ||
| Eric Smith | contracted managing employee | 2021-03 | ||
| Kevin Mckeown | corporate officer | 2026-04 | ||
| Kevin Mckeown | w-2 managing employee | 2026-04 | ||
| Stacey Crandall | corporate officer | 2025-12 | ||
| Stacey Crandall | w-2 managing employee | 2025-12 |
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 |