Acquisition targets

Every Medicare-certified US hospital, scored against the thesis from its own cost report filings. Distress is how much trouble it is in; fit is how well it matches what you are trying to buy — including whether the ticket actually uses the capital available. Price estimates are per-bed comps: an opening bracket, not a valuation.

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Fits capital envelope Private-equity owned REIT-encumbered Include thesis-excluded states

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Matching

5,281

of 5,662 live

In envelope

5,079

est. low ≤ $200M

Avg distress

45.1

0–100 scale

PE-owned

2 REIT-encumbered

Total beds

677,657

across matches

Hospital	Loc	Beds	Type	Distress	Fit	Score ↑	Op margin	Days cash	Occ	Est. ticket	Flags
Selby General Hospital	Marietta OH	25	CAH	25	52	32.2	7.5%	0	37%	$2.1M–$4.2M	fits
Ball Memorial Hospital Indiana University Health Ball Memorial...	Muncie IN	301	STH	6	74	32.3	3.7%	313	67%	$150M–$602M	fits
Barrett Hospital And Healthcare Barrett Hospital Development Corporation	Dillon MT	18	CAH	38	38	32.3	-4.1%	76	31%	$1.5M–$3.1M	fits
Community Memorial Hospital City Of Redfield	Redfield SD	25	CAH	38	38	32.3	-5.1%	172	19%	$2.1M–$4.2M	fits
Orthopaedic Hospital Of Wisconsin Orthopaedic Hospital Of Wisconsin, Llc	Glendale WI	30	STH	22	56	32.3	34.2%	146	14%	$15.0M–$60.0M	fits
Pender Memorial Hospital Pender Memorial Hospital Incorporated	Burgaw NC	25	CAH	22	56	32.3	-7.4%	357	53%	$2.1M–$4.2M	fits
St John Sapulpa St John Sapulpa Inc	Sapulpa OK	25	CAH	22	56	32.3	7.1%	0	46%	$2.1M–$4.2M	fits
Fostoria Community Hospital Fostoria Hospital Association	Fostoria OH	19	CAH	31	42	32.4	8.2%	39	29%	$1.6M–$3.2M	fits
Grand Itasca Clinic And Hospital	Grand Rapids MN	34	STH	23	55	32.4	1.9%	83	48%	$3.4M–$6.8M	fits
Monument Health Sturgis Regional Monument Health Network Inc	Sturgis SD	25	CAH	32	45	32.4	2.3%	0	44%	$2.1M–$4.2M	fits
Sanford Regional Hospital Worthingto Sanford Health Network	Worthington MN	48	STH	31	46	32.4	-3.1%	—	21%	$4.8M–$9.6M	fits
St. John Medical Center Peacehealth	Longview WA	146	STH	10	70	32.4	1.4%	—	61%	$14.6M–$29.2M	fits
St. Marys Regional Health Center St Marys Regional Health Center	Detroit Lakes MN	36	STH	23	55	32.4	3.5%	47	49%	$3.6M–$7.2M	fits
Aspirus Stevens Point Hospital Aspirus Stevens Point Hospital & Clinics, Inc.	Stevens Point WI	82	STH	28	50	32.5	28.9%	2	40%	$8.2M–$16.4M	fits
Frio Regional Hospital Frio Hospital Association	Pearsall TX	22	CAH	25	53	32.5	-3.2%	233	41%	$1.9M–$3.7M	fits
Lovelace Regional Hospital-Roswell Lovelace Health System Llc	Roswell NM	27	STH	25	53	32.5	10.8%	0	44%	$2.7M–$5.4M	fits
Molokai General Hospital	Kaunakakai HI	15	CAH	42	34	32.5	-7.0%	351	13%	$1.3M–$2.5M	fits
New Ulm Medical Center Allina Health System	New Ulm MN	24	CAH	34	43	32.5	6.4%	0	47%	$2.0M–$4.1M	fits
Northeast Montana Healthcare-Poplar Northeast Montana Health Services Inc	Poplar MT	20	CAH	42	34	32.5	-8.0%	101	6%	$1.7M–$3.4M	fits
Pembina County Memorial Hospital Pembina County Memorial Hospital Association	Cavalier ND	20	CAH	42	34	32.5	-5.2%	96	11%	$1.7M–$3.4M	fits
Pontiac General Hospital	Pontiac MI	47	STH	16	63	32.5	18.6%	56	—	$23.5M–$94.0M	fits
Schoolcraft Memorial Hospital	Manistique MI	12	CAH	41	35	32.5	-4.2%	31	32%	$1.0M–$2.0M	fits
Socorro General Hospital Presbyterian Healthcare Services	Socorro NM	24	CAH	42	34	32.5	-2.1%	0	16%	$2.0M–$4.1M	fits
West Feliciana Parish Hospital The Hospital Service District Of West...	St. Francisville LA	25	CAH	33	44	32.5	-21.2%	199	11%	$2.1M–$4.2M	fits
Augusta Medical Center Augusta Health Care Inc	Fishersville VA	193	STH	20	59	32.6	7.7%	517	54%	$19.3M–$38.6M	fits
Flambeau Hospital Mchs Flambeau Hospital, Inc.	Park Falls WI	24	CAH	38	34	32.6	7.5%	0	19%	$2.0M–$4.1M	fits
Mercy Health System Corporation	Janesville WI	147	STH	20	59	32.6	546.6%	217	56%	$14.7M–$29.4M	fits
Petersburg Medical Center The Petersburg Medical Center	Petersburg AK	12	CAH	45	31	32.6	-0.6%	24	18%	$1.0M–$2.0M	fits
Salem Health West Valley	Dallas OR	25	CAH	20	59	32.6	33.0%	3	96%	$2.1M–$4.2M	fits
St. Elizabeth Florence St Elizabeth Medical Center, Inc	Florence KY	146	STH	3	78	32.6	9.3%	3,125	73%	$73.0M–$292M	fits
Chandler Regional Medical Center Dignity Community Care	Chandler AZ	429	STH	10	70	32.7	4.3%	257	86%	$42.9M–$85.8M	fits
Encore Medical Center Arkansas Heart Hospital Llc	Bryant AR	33	STH	21	58	32.7	5.3%	821	55%	$3.3M–$6.6M	fits
Summit Medical Center	Edmond OK	9	STH	30	48	32.7	3.7%	55	29%	$4.5M–$18.0M	fits
Blue Mountain Hospital	Blanding UT	11	CAH	31	47	32.8	-3.5%	60	35%	$935K–$1.9M	fits
Carthage Area Hospital Carthage Area Hospital Inc	Carthage NY	25	CAH	27	52	32.8	2.9%	4	70%	$2.1M–$4.2M	fits
Clarke County Public Hospital	Osceola IA	25	CAH	39	38	32.8	1.2%	60	29%	$2.1M–$4.2M	fits
Cleveland Area Hospital Cleveland Area Hospital Holdings Inc	Cleveland OK	14	CAH	39	38	32.8	-14.3%	81	41%	$1.2M–$2.4M	fits
Mem. Hospital Of Sheridan Cty. Memorial Hospital Of Sheridan County	Sheridan WY	88	STH	31	47	32.8	0.8%	3	38%	$8.8M–$17.6M	fits
Merrick Medical Center	Central City NE	6	CAH	35	38	32.8	-9.9%	193	41%	$510K–$1.0M	fits
Shannon Medical Center	San Angelo TX	340	STH	0	82	32.8	12.9%	509	68%	$34.0M–$68.0M	fits
Southcoast Behavioral Health Northeast Behavioral Health Llc	Dartmouth MA	192	PH	0	82	32.8	30.2%	277	83%	$52.8M–$211M	fits
Ssh - Charleston Select Specialty Hospital - Charleston Inc	Charleston WV	32	LTCH	12	68	32.8	12.5%	—	86%	$9.6M–$38.4M	fits
Ssh - Wichita Inc. Select Specialty Hospital - Wichita Inc	Wichita KS	48	LTCH	12	68	32.8	18.0%	—	78%	$14.4M–$57.6M	fits
St. James Parish Hospital St. James Parish Hosp Serv Dist	Lutcher LA	25	CAH	39	38	32.8	-14.0%	319	22%	$2.1M–$4.2M	fits
St. Landry Extended Care	Opelousas LA	24	LTCH	28	51	32.8	2.6%	—	90%	$1.4M–$2.9M	fits
Sweeny Community Hospital Sweeny Hospital District	Sweeny TX	12	CAH	24	55	32.8	3.5%	471	49%	$1.0M–$2.0M	fits
Upmc Bedford Upmc Bedford Memorial	Everett PA	36	STH	28	50	32.8	5.1%	0	28%	$3.6M–$7.2M	fits
Galion Community Hospital	Galion OH	25	CAH	22	58	32.9	17.9%	15	52%	$2.1M–$4.2M	fits
Geisinger Bloomsburg Hospital	Bloomsburg PA	40	STH	6	76	32.9	57.0%	112	51%	$20.0M–$80.0M	fits
Hospital Menonita Caguas Inc	Caguas PR	240	STH	10	71	32.9	10.0%	162	82%	$120M–$480M	fits
Jamestown Regional Medical Center Lutheran Charity Association	Jamestown ND	25	CAH	33	45	32.9	-0.0%	92	42%	$2.1M–$4.2M	fits
Jefferson County Hospital	Fayette MS	12	STH	41	36	32.9	-0.8%	203	21%	$1.2M–$2.4M	fits
Mayo Clinic Florida	Jacksonville FL	307	STH	0	78	32.9	25.9%	—	94%	$30.7M–$61.4M	fits
Pike Community Hospital Pike Health Services, Inc	Waverly OH	25	CAH	22	58	32.9	13.5%	8	58%	$2.1M–$4.2M	fits
Sauk Prairie Memorial Hospital Sauk Prairie Healthcare Inc	Prairie Du Sac WI	36	STH	18	62	32.9	0.5%	118	30%	$18.0M–$72.0M	fits
Seiling Municipal Hospital Seiling Municipal Hospital Authority	Seiling OK	18	CAH	42	35	32.9	-3.7%	18	38%	$1.5M–$3.1M	fits
Thedacare Regional Medical Center - Thedacare Regional Medical Center-Neenah Inc	Neenah WI	147	STH	18	62	32.9	7.4%	183	63%	$14.7M–$29.4M	fits
Ascension St. Vincent Williamsport St Vincent Williamsport Hospital	Williamsport IN	16	CAH	35	43	33.0	3.2%	0	28%	$1.4M–$2.7M	fits
Bath County Community Hospital	Hot Springs VA	14	CAH	43	34	33.0	-49.4%	126	24%	$1.2M–$2.4M	fits
Borgess-Pipp Health Center Ascension Borgess Hospital	Plainwell MI	43	LTCH	31	43	33.0	21.5%	729	18%	$2.6M–$5.2M	fits
Clinch Memorial Hospital Clinch County Hospital Authority	Homerville GA	15	CAH	31	48	33.0	-18.2%	94	56%	$1.3M–$2.5M	fits
Community Hospital Of Anaconda	Anaconda MT	25	CAH	29	50	33.0	-1.7%	152	46%	$2.1M–$4.2M	fits
Community Memorial Hospital Community Memorial Hospital Inc	Burke SD	16	CAH	43	34	33.0	-14.1%	412	18%	$1.4M–$2.7M	fits
Duke Raleigh Hospital	Raleigh NC	194	STH	8	74	33.0	4.2%	—	77%	$97.0M–$388M	fits
Genesis Medical Center - Davenport Genesis Health System	Davenport IA	266	STH	15	61	33.0	10.7%	35	68%	$26.6M–$53.2M	fits
Jefferson General Hospital Jefferson County Public Hospital District No 2	Port Townsend WA	25	CAH	25	54	33.0	-4.7%	296	50%	$2.1M–$4.2M	fits
Madison Valley Medical Center Madison Valley Hospital Inc	Ennis MT	10	CAH	43	34	33.0	-19.3%	208	21%	$850K–$1.7M	fits
Monadnock Community Hospital	Peterborough NH	25	CAH	29	50	33.0	-8.5%	108	46%	$2.1M–$4.2M	fits
Munising Memorial Hospital Munising Memorial Hospital Association	Munising MI	11	CAH	43	34	33.0	-11.1%	155	24%	$935K–$1.9M	fits
Sanford Usd Medical Center Sanford Medical Center	Sioux Falls SD	452	STH	20	60	33.0	0.0%	—	69%	$45.2M–$90.4M	fits
Sentara Norfolk General Hospital Sentara Hospitals	Norfolk VA	472	STH	20	60	33.0	12.5%	13	98%	$47.2M–$94.4M	fits
St. Lukes Mccall St Lukes Mccall, Ltd	Mccall ID	15	CAH	43	34	33.0	-0.3%	33	26%	$1.3M–$2.5M	fits
Towner County Medical Center Towner County Medical Center Inc	Cando ND	20	CAH	43	34	33.0	-2.6%	121	10%	$1.7M–$3.4M	fits
Upmc Wellsboro	Upmc Wellsboro PA	25	CAH	25	54	33.0	4.5%	0	56%	$2.1M–$4.2M	fits
Christus Mfh Winnsboro Mother Frances Hospital-Winnsboro	Winnsboro TX	14	CAH	22	58	33.1	10.7%	0	56%	$1.2M–$2.4M	fits
Corewell Health Gerber Newaygo County General Hospital Association	Fremont MI	25	CAH	25	50	33.1	12.4%	1	57%	$2.1M–$4.2M	fits
Corewell Health Pennock Hospital Pennock Hospital	Hastings MI	25	CAH	25	50	33.1	9.2%	1	52%	$2.1M–$4.2M	fits
Encompass Health Rehabilitation Hosp Encompass Health Rehabilitation Hospital...	Ludlow MA	53	RH	0	78	33.1	21.2%	157	93%	$17.2M–$68.9M	fits
Franciscan Health Crawfordsville	Crawfordsville IN	29	STH	21	59	33.1	1.2%	168	30%	$2.9M–$5.8M	fits
Ohio County Hospital Ohio County Hospital Corporation	Hartford KY	25	CAH	37	41	33.1	-1.9%	45	26%	$2.1M–$4.2M	fits
Pipestone County Medical Center	Pipestone MN	18	CAH	46	31	33.1	-11.7%	305	19%	$1.5M–$3.1M	fits
Rawlins County Health Center	Atwood KS	15	CAH	46	31	33.1	-38.1%	357	16%	$1.3M–$2.5M	fits
Rooks County Health Center	Plainville KS	22	CAH	46	31	33.1	-14.3%	263	24%	$1.9M–$3.7M	fits
San Juan Health Services District San Juan County Hospital	Monticello UT	21	CAH	38	40	33.1	-5.8%	193	9%	$1.8M–$3.6M	fits
Ssh - Miami Victoria Healthcare Inc	Miami FL	47	LTCH	4	78	33.1	11.2%	—	84%	$14.1M–$56.4M	fits
Ssh - Phoenix Select Specialty Hospital - Phoenix Inc	Phoenix AZ	48	LTCH	4	78	33.1	20.4%	—	76%	$14.4M–$57.6M	fits
Stone County Medical Center White River Health System, Inc.	Mountain View AR	25	CAH	37	41	33.1	5.2%	4	21%	$2.1M–$4.2M	fits
Uvalde Memorial Hospital Uvalde County Hospital Authority	Uvalde TX	21	CAH	22	58	33.1	33.9%	573	72%	$1.8M–$3.6M	fits
Gouverneur Hospital	Gouverneur NY	25	CAH	28	52	33.2	-0.1%	116	64%	$2.1M–$4.2M	fits
Limestone Medical Center South Limestone Hospital District	Groesbeck TX	20	CAH	33	46	33.2	-30.0%	1,139	23%	$1.7M–$3.4M	fits
Martin County Hospital Martin County Hospital District	Stanton TX	18	CAH	33	46	33.2	-65.7%	835	21%	$1.5M–$3.1M	fits
Memorial Hospital Winkler County Hospital District	Kermit TX	16	CAH	33	46	33.2	-52.9%	390	12%	$1.4M–$2.7M	fits
Parkview Hospital North Wheeler County Hospital District	Wheeler TX	16	CAH	33	46	33.2	-71.5%	886	7%	$1.4M–$2.7M	fits
Rankin County Hospital District	Rankin TX	15	CAH	33	46	33.2	-82.7%	821	11%	$1.3M–$2.5M	fits
Springhill Medical Center Springhill Medical Services, Inc.	Springhill LA	37	STH	33	46	33.2	-20.3%	241	15%	$3.7M–$7.4M	fits
St. Francis Hospital St Francis Hospital Of The Hospital...	Litchfield IL	25	CAH	35	44	33.2	14.6%	0	33%	$2.1M–$4.2M	fits
Stillwater Billings Clinic Stillwater Hospital Association Inc	Columbus MT	16	CAH	41	37	33.2	-7.6%	302	21%	$1.4M–$2.7M	fits
Tj Health Columbia T J Health Columbia Inc	Columbia KY	49	STH	33	46	33.2	6.9%	53	7%	$4.9M–$9.8M	fits
Ward Memorial Hospital County Of Ward	Monahans TX	19	CAH	33	46	33.2	-30.8%	240	24%	$1.6M–$3.2M	fits
Adventhealth Fish Memorial Southwest Volusia Healthcare Corporation	Orange City FL	253	STH	9	68	33.3	8.5%	134	57%	$25.3M–$50.6M	fits

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