South Peninsula Hospital
Homer, AK
· CCN 021313
Licensed to South Peninsula Hospital Inc
Composite
28.9
rank score
Distress
33
FY2024
Fit
35
vs thesis
Estimated ticket
$1.8M–$3.6M
21 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- 90-150 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $129M |
| Operating margin | -4.2% |
| Total margin | 2.7% |
| Days cash on hand | 96 |
| Current ratio | 3.55 |
| Occupancy | 44% |
Facility
| Beds | 21 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 21 | $90.2M | $12.9M | 6.1% | 13.2% | 136 | 4.55 | 47% | 738 | 7 |
| 2022 | 21 | $104M | $5.0M | -6.1% | 4.3% | 114 | 4.81 | 53% | 797 | 29 |
| 2023 | 21 | $112M | $2.7M | -3.4% | 2.3% | 114 | 4.55 | 46% | 608 | 22 |
| 2024 | 21 | $129M | $3.8M | -4.2% | 2.7% | 96 | 3.55 | 44% | 551 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| South Peninsula Hospital Inc | operational/managerial control | 100 | 2007-08 | |
| Aaron Weisser | corporate director | 2022-01 | ||
| Amber Gall | corporate director | 2025-07 | ||
| Anna Hermanson | corporate officer | 2023-01 | ||
| Bernadette Wilson | corporate director | 2006-11 | ||
| Christopher Landess | corporate director | 2024-05 | ||
| Edson Knapp | corporate director | 2020-03 | ||
| Jim Anderson | corporate director | 2026-01 | ||
| Kelly Gallios | w-2 managing employee | 2023-03 | ||
| Kenneth Ciccoli | corporate director | 2026-01 | ||
| Kim Frost | corporate director | 2025-01 | ||
| Mary Wythe | corporate director | 2020-01 | ||
| Matthew Bullard | corporate director | 2024-01 | ||
| Michael Dye | corporate director | 2024-09 | ||
| Preston Simmons | corporate director | 2024-01 | ||
| Rachael Kincaid | corporate officer | 2025-07 | ||
| Ryan Smith | corporate officer | 2019-07 |
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 |