Mem. Hospital Of Sheridan Cty.
dba Sheridan Memorial Hospital ·
Sheridan, Sheridan County, WY
· CCN 530006
Licensed to Memorial Hospital Of Sheridan County
Composite
32.8
rank score
Distress
31
FY2024
Fit
47
vs thesis
Estimated ticket
$8.8M–$17.6M
88 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- occupancy 30-45%
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $154M |
| Operating margin | 0.8% |
| Total margin | 5.8% |
| Days cash on hand | 3 |
| Current ratio | 1.88 |
| Occupancy | 38% |
Facility
| Beds | 88 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 71 | $114M | $3.8M | -4.3% | 3.1% | 15 | 1.12 | 37% | 2,267 | 47 |
| 2022 | 71 | $136M | $5.9M | -1.8% | 4.1% | 3 | 2.00 | 45% | 2,524 | 40 |
| 2023 | 88 | $139M | $-2.3M | -4.0% | -1.6% | 2 | 1.80 | 34% | 2,402 | 51 |
| 2024 | 88 | $154M | $9.3M | 0.8% | 5.8% | 3 | 1.88 | 38% | 2,051 | 31 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Memorial Hospital Of Sheridan County | 5% or greater direct ownership interest | 100 | 1966-01 | |
| Nathan Stutte | w-2 managing employee | 100 | 2015-07 | |
| Michael Mccafferty | corporate officer | 2007-03 | ||
| Michael Mccafferty | w-2 managing employee | 2007-03 | ||
| Nathan Stutte | corporate officer | 2015-07 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in WY
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 |
|---|---|---|---|---|
| 2018-10-05 | Wyoming Medical Center Inc | Casper Medical Center Llc | Wyoming Medical Center | 249 |
| 2018-01-01 | Ivinson Memorial Hospital | Albany County Hospital District | Ivinson Memorial Hospital | 76 |