dealflow
envelope $200M

← Targets

San Juan Health Services District

Monticello, San Juan County, UT · CCN 461308
Licensed to San Juan County Hospital

Composite
33.1
rank score
Distress
38
FY2023
Fit
40
vs thesis
Estimated ticket
$1.8M–$3.6M
21 beds · within envelope
Ownership
government
CAH

Why it ranks here

  • operating margin -10% to -5%
  • occupancy below 30%
  • margin deteriorating sharply
  • 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
  • government-owned — public process likely

Latest financials · FY2023

Net patient revenue$22.1M
Operating margin -5.8%
Total margin 2.9%
Days cash on hand 193
Current ratio 6.72
Occupancy9%

Facility

Beds21
Facility typeCAH
Settingrural
Ownership classgovernment
Per-bed (low) $85.0K
Per-bed (high) $170K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 21 $17.1M $6.1M -7.0% 25.1% 266 5.29 10% 318 31
2021 21 $17.8M $1.3M -9.2% 6.2% 241 4.47 14% 390 31
2022 21 $19.3M $83.3K -12.9% 0.4% 166 8.19 10% 303 40
2023 21 $22.1M $707K -5.8% 2.9% 193 6.72 9% 262 38

Owners

OwnerRole%SinceType
San Juan County Hospital
Monticello, UT
5% or greater direct ownership interest 100 2014-11
Clayton Holt corporate officer 2014-07
Clayton Holt w-2 managing employee 2014-07
Farley Crofts corporate officer 2015-10
Farley Crofts w-2 managing employee 2015-10
Farley Crofts operational/managerial control 2015-10

Ownership changes

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