Wrangell Medical Center
Wrangell, AK
· CCN 021305
Licensed to Southeast Alaska Regional Health Consortium
Composite
41.1
rank score
Distress
64
FY2023
Fit
31
vs thesis
Estimated ticket
$578K–$1.2M
8 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- total margin negative
- current ratio below 0.8
- occupancy below 30%
- margin deteriorating sharply
- 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 | $14.3M |
| Operating margin | -0.4% |
| Total margin | -1.9% |
| Days cash on hand | — |
| Current ratio | 0.30 |
| Occupancy | 26% |
Facility
| Beds | 8 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $72.2K |
| Per-bed (high) | $144K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 8 | $11.8M | $746K | 7.2% | 6.3% | — | 1.50 | 40% | 120 | 11 |
| 2021 | 8 | $16.2M | $4.3M | 27.4% | 26.2% | — | 0.98 | 30% | 117 | 19 |
| 2022 | 8 | $14.6M | $-144K | 0.7% | -1.0% | — | 2.03 | 30% | 91 | 26 |
| 2023 | 8 | $14.3M | $-270K | -0.4% | -1.9% | — | 0.30 | 26% | 76 | 64 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Southeast Alaska Regional Health Consortium | 5% or greater direct ownership interest | 100 | 1975-04 | |
| Annette Bennett | corporate director | 2019-01 | ||
| Barbara Cadiente Nelson | corporate director | 2023-01 | ||
| Charles Clement | w-2 managing employee | 2012-02 | ||
| Charles Clement | operational/managerial control | 2012-02 | ||
| Daniel Harris | w-2 managing employee | 2017-05 | ||
| Daniel Harris | operational/managerial control | 2017-05 | ||
| Dorothy Smith | corporate director | 2019-07 | ||
| Emily Carroll | w-2 managing employee | 2019-09 | ||
| Emily Carroll | operational/managerial control | 2019-09 | ||
| Harriet Silva | corporate officer | 2004-12 | ||
| Harriet Silva | corporate director | 2004-12 | ||
| Janice Hill | corporate director | 2021-11 | ||
| Judean Gordon | corporate director | 2016-03 | ||
| June Durgan | corporate director | 2010-09 | ||
| Kimberly Strong | corporate officer | 2010-09 | ||
| Kimberly Strong | corporate director | 2010-09 | ||
| Lavina Brock | corporate officer | 2004-10 | ||
| Lavina Brock | corporate director | 2004-10 | ||
| Lawrence Widmark | corporate director | 2017-07 | ||
| Lily Hughes | corporate director | 2023-01 | ||
| Marvell Nix | corporate director | 2022-05 | ||
| Megan Carter | w-2 managing employee | 2016-10 | ||
| Megan Carter | operational/managerial control | 2016-10 | ||
| Patricia Cottle | corporate director | 2009-05 |
Showing 25 of 28. Full list via /api/targets/021305.
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2018-11-01 | change of ownership | Southeast Alaska Regional... | Wrangell Medical Center |
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 |