Providence Seward Medical & Care Cen
dba Providence Seward Medical Center ·
Seward, Kenai Peninsula Borough County, AK
· CCN 021302
Licensed to City Of Seward
Composite
27.7
rank score
Distress
34
FY2023
Fit
31
vs thesis
Estimated ticket
$510K–$1.0M
6 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy below 30%
- margin deteriorating
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $29.7M |
| Operating margin | 15.1% |
| Total margin | 14.8% |
| Days cash on hand | 12 |
| Current ratio | 1.58 |
| Occupancy | 11% |
Facility
| Beds | 6 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 6 | $24.2M | $4.5M | 15.1% | 17.8% | 98 | 0.83 | 17% | 61 | 33 |
| 2021 | 6 | $28.4M | $7.5M | 20.3% | 24.8% | 19 | 1.32 | 12% | 67 | 39 |
| 2022 | 6 | $29.5M | $5.7M | 17.5% | 18.7% | 54 | 2.38 | 18% | 68 | 26 |
| 2023 | 6 | $29.7M | $4.4M | 15.1% | 14.8% | 12 | 1.58 | 11% | 59 | 34 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| City Of Seward | 5% or greater direct ownership interest | 100 | 2013-01 | |
| Providence Health & Services - Washington | operational/managerial control | 100 | 2003-05 | |
| Anna Newsom | corporate officer | 2022-05 | ||
| Benjamin Carver | w-2 managing employee | 2024-09 | ||
| Charles Sorenson | corporate director | 2019-01 | ||
| Darryl Elmouchi | corporate officer | 2025-04 | ||
| Diane Hejna | corporate director | 2016-07 | ||
| Donald Anderson | corporate officer | 2025-01 | ||
| Donna Markham | corporate director | 2024-01 | ||
| Eric Sprunk | corporate director | 2025-01 | ||
| Gregory Hoffman | corporate officer | 2020-10 | ||
| Helena Jagielski | w-2 managing employee | 2022-02 | ||
| Isiaah Crawford | corporate director | 2012-02 | ||
| James Martin | corporate officer | 2023-01 | ||
| James Travis | w-2 managing employee | 2026-03 | ||
| Karin Dufault | corporate director | 2025-01 | ||
| Kathleen Sorensen | w-2 managing employee | 2023-09 | ||
| Linda Buck | corporate director | 2025-01 | ||
| Marvin O'quinn | corporate director | 2024-01 | ||
| Mary Beth Kingston | corporate director | 2022-09 | ||
| Mary Lyons | corporate director | 2016-07 | ||
| Michael Murphy | corporate director | 2020-01 | ||
| Phyllis Hughes | corporate director | 2014-01 | ||
| Richard Blair | corporate director | 2016-07 | ||
| Rogelio Riojas | corporate director | 2025-01 |
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 AK
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 |
|---|---|---|---|---|
| 2018-11-01 | Southeast Alaska Regional Health Consortium | Wrangell Medical Center | Wrangell Medical Center | 8 |