Kpc Promise Hospital Of Salt Lake
dba Salt Lake Specialty Hospital ·
Salt Lake City, Salt Lake County, UT
· CCN 462004
Licensed to Salt Lake Specialty Hospital Inc
Already transacted. CMS recorded an ownership change effective
2024-05-19. Confirm the current owner before spending a call on this.
Composite
14.6
rank score
Distress
24
FY2024
Fit
77
vs thesis
Estimated ticket
$11.4M–$45.6M
38 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- 60-90 days cash on hand
- current ratio below 0.8
- margin slipping
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
- changed ownership 2024-05-19 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $10.7M |
| Operating margin | 9.4% |
| Total margin | 9.5% |
| Days cash on hand | 74 |
| Current ratio | -4.77 |
| Occupancy | 63% |
Facility
| Beds | 38 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $300K |
| Per-bed (high) | $1.2M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 41 | $17.3M | $1.7M | 7.4% | 9.7% | 0 | 4.44 | 70% | 337 | 22 |
| 2022 | 41 | $17.4M | $1.9M | 7.4% | 10.8% | 0 | -5.65 | 67% | 326 | 36 |
| 2023 | 38 | $16.8M | $1.9M | 11.2% | 11.4% | 0 | -7.07 | 59% | 285 | 38 |
| 2024 | 38 | $10.7M | $1.0M | 9.4% | 9.5% | 74 | -4.77 | 63% | 187 | 24 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Gurpreet Randhawa | 5% or greater direct ownership interest | 100 | 2024-05 | |
| Gurpreet Randhawa | operational/managerial control | 100 | 2024-05 | |
| Salt Lake Specialty Hospital Inc | 5% or greater direct ownership interest | 100 | 2024-05 | |
| Shamsher Bhullar | operational/managerial control | 2024-05 | ||
| Tammy Thompson | corporate officer | 2024-05 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-05-19 | change of ownership | Salt Lake Specialty Hospital Inc | Kpc Promise Hospital Of Salt Lake, Llc |
Who has been buying in UT
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2024-05-19 | Salt Lake Specialty Hospital Inc | Kpc Promise Hospital Of Salt Lake, Llc | Kpc Promise Hospital Of Salt Lake | 38 |