dealflow
envelope $200M

← Targets

Heber Valley Hospital

dba Intermountain Health Heber Valley Hospital · Heber City, Wasatch County, UT · CCN 461307
Licensed to Ihc Health Services Inc

Composite
31.7
rank score
Distress
28
FY2023
Fit
43
vs thesis
Estimated ticket
$1.6M–$3.2M
19 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$60.0M
Operating margin 7.0%
Total margin 9.4%
Days cash on hand 0
Current ratio 13.74
Occupancy27%

Facility

Beds19
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 19 $40.0M $2.4M 2.0% 5.7% 0 2.59 23% 596 31
2021 19 $49.2M $6.1M 10.9% 12.3% 0 9.97 30% 679 31
2022 19 $55.8M $6.1M 8.4% 10.7% 0 11.66 29% 662 31
2023 19 $60.0M $5.8M 7.0% 9.4% 0 13.74 27% 674 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
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
John Resch corporate officer 2023-11
John Resch w-2 managing employee 2023-11
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
Si Hutt corporate director 2012-10
Si Hutt w-2 managing employee 2012-10
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.