Garfield Memorial Hospital
dba Intermountain Health Garfield Memorial Hospital ·
Panguitch, Garfield County, UT
· CCN 461333
Licensed to Garfield County
Composite
31.6
rank score
Distress
32
FY2023
Fit
43
vs thesis
Estimated ticket
$1.3M–$2.5M
15 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin under 2%
- current ratio below 0.8
- occupancy below 30%
- margin deteriorating
- 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 | $15.2M |
| Operating margin | 0.6% |
| Total margin | 9.5% |
| Days cash on hand | 152 |
| Current ratio | -2.29 |
| Occupancy | 24% |
Facility
| Beds | 15 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 | 15 | $11.8M | $2.0M | -5.7% | 13.8% | 171 | 2.79 | 19% | 206 | 31 |
| 2021 | 15 | $14.4M | $2.0M | 6.1% | 13.1% | 174 | -6.50 | 24% | 299 | 22 |
| 2022 | 15 | $14.3M | $1.2M | -1.4% | 7.7% | 90 | -0.92 | 27% | 275 | 42 |
| 2023 | 15 | $15.2M | $1.6M | 0.6% | 9.5% | 152 | -2.29 | 24% | 254 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Garfield County | 5% or greater direct ownership interest | 100 | 2017-01 | |
| Cyndi Woodbury Gilbert | corporate director | 2023-01 | ||
| Danny Shaw | corporate director | 2023-01 | ||
| David Tebbs | corporate officer | 2024-01 | ||
| Deann Brown | corporate officer | 2022-04 | ||
| Derrick Haslem | corporate director | 2023-01 | ||
| Elizabeth Beckman | corporate director | 2022-04 | ||
| Evan Vickers | corporate director | 2023-01 | ||
| Hailie Pollock | corporate officer | 2022-05 | ||
| Hailie Pollock | w-2 managing employee | 2022-05 | ||
| Ihc Health Services Inc | operational/managerial control | 2017-01 | ||
| Jerry Taylor | corporate officer | 2024-01 | ||
| Keith Whitfield | corporate director | 2023-01 | ||
| Leland Pollock | corporate officer | 2024-01 | ||
| Mitchell Cloward | corporate officer | 2023-07 | ||
| Nicole Mouskondis | corporate director | 2023-01 | ||
| Robert Allen | corporate director | 2022-12 | ||
| Russell Childs | corporate director | 2023-01 | ||
| Sylvester Berube | corporate director | 2022-04 | ||
| Troy Spring | corporate officer | 2015-02 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.