Sage West Health Care
dba Sagewest Health Care ·
Riverton, Fremont County, WY
· CCN 530008
Licensed to Riverton Memorial Hospital Llc
Composite
54.7
rank score
Distress
78
FY2023
Fit
49
vs thesis
Estimated ticket
$9.3M–$18.6M
133 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $73.3M |
| Operating margin | -21.8% |
| Total margin | -20.9% |
| Days cash on hand | 6 |
| Current ratio | 4.14 |
| Occupancy | 14% |
Facility
| Beds | 133 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 133 | $62.5M | $8.1M | 3.3% | 11.8% | 0 | 0.92 | 16% | 2,295 | 40 |
| 2021 | 133 | $75.5M | $4.5M | 3.6% | 5.9% | 0 | 1.90 | 15% | 2,215 | 31 |
| 2022 | 133 | $68.3M | $-3.2M | -5.8% | -4.6% | 0 | 1.77 | 14% | 1,963 | 66 |
| 2023 | 133 | $73.3M | $-15.4M | -21.8% | -20.9% | 6 | 4.14 | 14% | 1,870 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kindred Healthcare Operating Llc | 5% or greater direct ownership interest | 100 | 2021-12 | |
| Kindred Healthcare Operating Llc | operational/managerial control | 100 | 2021-12 | |
| Knight Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Health Ii, Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Healthcare New-B, Llc | 5% or greater direct ownership interest | 100 | 2021-12 | |
| Dana Rock | corporate officer | 2024-12 | ||
| Jacquelyn Davis | contracted managing employee | 2023-12 | ||
| Johnetta Traylor | corporate officer | 2024-12 | ||
| Michael Bean | corporate officer | 2022-01 | ||
| Scott Graeser | corporate officer | 2022-08 |
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 |