dealflow
envelope $200M

← Targets

Delta Community Hospital

dba Intermountain Health Delta Community Hospital · Delta, Millard County, UT · CCN 461300
Licensed to Ihc Health Services Inc

Composite
31.7
rank score
Distress
28
FY2023
Fit
43
vs thesis
Estimated ticket
$1.5M–$3.1M
18 beds · within envelope
Ownership
nonprofit
CAH

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
  • very small facility
  • 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$18.1M
Operating margin 7.6%
Total margin 8.8%
Days cash on hand 0
Current ratio 7.75
Occupancy11%

Facility

Beds18
Facility typeCAH
Settingrural
Ownership classnonprofit
Per-bed (low) $85.0K
Per-bed (high) $170K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 18 $10.7M $474K 0.7% 4.3% 0 63.58 11% 176 38
2021 18 $13.1M $809K 4.9% 6.1% 0 6.78 10% 177 31
2022 18 $15.2M $1.1M 5.3% 7.0% 0 4.14 10% 169 31
2023 18 $18.1M $1.6M 7.6% 8.8% 0 7.75 11% 186 28

Owners

OwnerRole%SinceType
Ihc Health Services Inc
Salt Lake City, UT
5% or greater direct ownership interest 100 1975-04 chain
Alan Pruhs corporate director 2025-06
Ben Robinson corporate director 2025-06
Benjamin Nelson corporate director 2025-06
Chesley Jacobson corporate director 2017-12
Chesley Jacobson w-2 managing employee 2017-12
David Utrilla corporate director 2025-06
Deirdra Walsh corporate director 2023-06
Denis Smith corporate officer 2022-04
Elizabeth Owens corporate director 1980-09
Eric Liston corporate director 2026-01
Kurt Forsyth corporate officer 2020-02
Matt Packard corporate director 2016-07
Patricia Ravert corporate director 2016-10
Patricia Ricks corporate director 2024-06
Robert Allen corporate director 2022-12
Robert Pettitt corporate director 2023-06
Robert Spendlove corporate director 2024-06
Shannon Baker corporate director 2024-06
Troy Spring corporate officer 2015-02
William Caine corporate director 2023-06
William Hulterstrom corporate director 2023-06
Ze Min Xiao corporate director 2025-06

Ownership changes

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