dealflow
envelope $200M

← Targets

Sanpete Valley Hospital

dba Intermountain Health Sanpete Valley Hospital · Mt Pleasant, Sanpete County, UT · CCN 461303
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$35.5M
Operating margin 13.9%
Total margin 14.6%
Days cash on hand 0
Current ratio 7.94
Occupancy19%

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 $23.2M $1.5M 4.4% 6.2% 0 6.46 21% 319 31
2021 18 $27.4M $2.1M 6.7% 7.5% 0 4.79 23% 397 31
2022 16 $28.3M $1.8M 4.8% 6.3% 0 4.70 23% 376 31
2023 18 $35.5M $5.2M 13.9% 14.6% 0 7.94 19% 377 28

Owners

OwnerRole%SinceType
Ihc Health Services Inc
Salt Lake City, UT
5% or greater direct ownership interest 100 1975-04 chain
Aaron Wood corporate officer 2013-11
Aaron Wood w-2 managing employee 2013-11
Alan Pruhs corporate director 2025-06
Ben Robinson corporate director 2025-06
Benjamin Nelson corporate director 2025-06
David Utrilla corporate director 2025-06
Deirdra Walsh corporate director 2023-06
Denis Smith corporate officer 2022-04
Elizabeth Owens corporate director 2024-06
Eric Liston corporate director 2026-01
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
Ryan Robison corporate officer 2016-01
Ryan Robison w-2 managing employee 2016-01
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.