Milford Memorial Hospital
Milford, Beaver County, UT
· CCN 461305
Licensed to Milford Memorial Hospital
Composite
25.3
rank score
Distress
10
FY2023
Fit
52
vs thesis
Estimated ticket
$2.0M–$3.9M
23 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $6.8M |
| Operating margin | 3.6% |
| Total margin | 4.9% |
| Days cash on hand | 567 |
| Current ratio | 3.98 |
| Occupancy | 75% |
Facility
| Beds | 23 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 23 | $5.0M | $1.3M | 10.0% | 22.6% | 903 | 10.66 | 77% | 42 | 0 |
| 2021 | 23 | $4.3M | $1.3M | -17.8% | 20.0% | 664 | 7.48 | 81% | 33 | 28 |
| 2022 | 23 | $5.2M | $995K | -8.1% | 14.9% | 584 | 11.04 | 74% | 25 | 22 |
| 2023 | 23 | $6.8M | $336K | 3.6% | 4.9% | 567 | 3.98 | 75% | 32 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Milford Area Health Care Service District #3 | 5% or greater direct ownership interest | 100 | 1966-01 | |
| Scott Langford | corporate officer | 100 | 2018-01 | |
| Scott Langford | operational/managerial control | 100 | 2018-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.