Cheyenne Regional Medical Center
Cheyenne, Laramie County, WY
· CCN 530014
Licensed to Memorial Hospital Of Laramie County
Composite
34.6
rank score
Distress
27
FY2024
Fit
56
vs thesis
Estimated ticket
$15.9M–$31.8M
159 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- 30-60 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $392M |
| Operating margin | 5.8% |
| Total margin | 12.2% |
| Days cash on hand | 34 |
| Current ratio | 2.31 |
| Occupancy | 57% |
Facility
| Beds | 159 |
| 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 | 170 | $348M | $79.1M | 5.8% | 18.8% | 89 | 1.72 | 55% | 7,792 | 12 |
| 2022 | 181 | $354M | $-3.3M | 2.9% | -0.9% | 63 | 2.06 | 57% | 8,057 | 20 |
| 2023 | 147 | $372M | $41.8M | 4.5% | 10.2% | 28 | 2.06 | 62% | 8,549 | 22 |
| 2024 | 159 | $392M | $53.2M | 5.8% | 12.2% | 34 | 2.31 | 57% | 8,143 | 27 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Barbara Wigington | corporate officer | 2003-08 | ||
| Brad White | operational/managerial control | 2024-05 | ||
| David Cook | corporate director | 2023-07 | ||
| Jacob Merrell | corporate director | 2023-07 | ||
| Jean Halpern | corporate director | 2009-07 | ||
| Karlynn Quist | corporate director | 2023-07 | ||
| Margaret (Beth) Allen | operational/managerial control | 2023-01 | ||
| Memorial Hospital Of Laramie County | 5% or greater direct ownership interest | 2011-11 | ||
| Paula Poythress | corporate director | 2024-05 | ||
| Peter Obermueller | corporate director | 2019-01 | ||
| Rick Fortney | corporate director | 2019-01 | ||
| Susan Thompson | corporate director | 2024-05 | ||
| Tanya Keller | corporate director | 2023-07 |
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 |