Ketchikan Medical Center
Ketchikan, Ketchikan Gateway Borough County, AK
· CCN 021311
Licensed to Peacehealth
Composite
60.7
rank score
Distress
95
FY2024
Fit
45
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $93.5M |
| Operating margin | -11.4% |
| Total margin | -8.3% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 37% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $88.3M | $-2.4M | -6.5% | -2.6% | 45 | 1.63 | 36% | 1,015 | 52 |
| 2022 | 25 | $93.1M | $-12.7M | -15.7% | -13.4% | 52 | 0.65 | 43% | 1,128 | 84 |
| 2023 | 25 | $92.4M | $-9.9M | -13.1% | -10.5% | — | 0.36 | 40% | 962 | 96 |
| 2024 | 25 | $93.5M | $-8.0M | -11.4% | -8.3% | — | — | 37% | 951 | 95 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Peacehealth | 5% or greater direct ownership interest | 100 | 2007-11 | |
| Andrea Nenzel | corporate director | 2018-07 | ||
| Arthur Springer Ii | corporate officer | 2025-11 | ||
| Carolyn Aaron | corporate director | 2021-01 | ||
| Charlotte Davenport | corporate director | 2016-07 | ||
| Danny Hollingshead | corporate director | 2017-06 | ||
| Deleesa Meashintubby | corporate director | 2023-06 | ||
| Donna King | corporate director | 2019-07 | ||
| Ione Adams | corporate director | 2024-07 | ||
| Kathleen Pruitt | corporate director | 2018-07 | ||
| Kevin Murphy | corporate director | 2018-01 | ||
| Leonard Kearney | corporate director | 2019-07 | ||
| Linda Jackson | w-2 managing employee | 2023-07 | ||
| Lorraine Arvin | corporate director | 2024-07 | ||
| Mary Mcwilliams | corporate director | 2021-09 | ||
| Richard Magnuson | corporate officer | 2025-06 | ||
| Richard Wollenberg | corporate director | 2014-01 | ||
| Sarah Ness | corporate officer | 2026-01 | ||
| Thomas Karnes | corporate officer | 2023-01 | ||
| Timothy Ackman | corporate director | 2017-07 |
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 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 |