Ivinson Memorial Hospital
Laramie, Albany County, WY
· CCN 530025
Licensed to Ivinson Memorial Hospital
Composite
32.0
rank score
Distress
33
FY2024
Fit
43
vs thesis
Estimated ticket
$7.6M–$15.2M
76 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- 30-60 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
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $136M |
| Operating margin | 10.0% |
| Total margin | 26.5% |
| Days cash on hand | 41 |
| Current ratio | 1.66 |
| Occupancy | 22% |
Facility
| Beds | 76 |
| 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 | 76 | $104M | $51.6M | 8.7% | 35.3% | 138 | 2.61 | 16% | 840 | 13 |
| 2022 | 76 | $113M | $-3.3M | 7.5% | -3.2% | 104 | 2.35 | 18% | 1,250 | 26 |
| 2023 | 76 | $129M | $33.6M | 9.0% | 22.3% | 89 | 2.28 | 17% | 1,330 | 19 |
| 2024 | 76 | $136M | $44.2M | 10.0% | 26.5% | 41 | 1.66 | 22% | 1,512 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ivinson Memorial Hospital | 5% or greater direct ownership interest | 100 | 2018-01 | |
| Doug Faus | corporate officer | 20 | 2018-01 | |
| James Bands | operational/managerial control | 20 | 2018-01 | |
| James Bands | corporate officer | 15 | 2018-01 | |
| Brad Jackson | corporate officer | 10 | 2019-03 | |
| Catie Ballard | corporate officer | 10 | 2024-10 | |
| Gary Crum | corporate officer | 10 | 2019-03 | |
| Joseph Steiner | corporate officer | 10 | 2019-03 | |
| Pamela Dunnuck | corporate officer | 10 | 2024-01 | |
| Rick Melone | corporate officer | 10 | 2024-10 | |
| Andrea Lewis | w-2 managing employee | 5 | 2018-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2018-01-01 | change of ownership | Ivinson Memorial Hospital | Albany County Hospital District |
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 |