Tucson Medical Center
Tucson, Pima County, AZ
· CCN 030006
Licensed to Tucson Medical Center
Composite
37.7
rank score
Distress
21
FY2023
Fit
70
vs thesis
Estimated ticket
$47.3M–$94.6M
473 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- 90-150 days cash on hand
- margin slipping
- rural — cheaper but limited density
- very large — likely out of range
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $801M |
| Operating margin | -2.9% |
| Total margin | 5.4% |
| Days cash on hand | 90 |
| Current ratio | 3.00 |
| Occupancy | 85% |
Facility
| Beds | 473 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 481 | $588M | $41.4M | -2.3% | 6.4% | 75 | 3.10 | 76% | 29,410 | 26 |
| 2021 | 499 | $677M | $46.7M | -1.2% | 6.4% | 148 | 4.12 | 75% | 28,900 | 20 |
| 2022 | 499 | $747M | $-18.5M | -2.8% | -2.5% | 96 | 3.72 | 86% | 36,999 | 28 |
| 2023 | 473 | $801M | $46.8M | -2.9% | 5.4% | 90 | 3.00 | 85% | 37,376 | 21 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Judith Rich | corporate officer | 100 | 2007-07 | |
| Tucson Medical Center | 5% or greater direct ownership interest | 100 | 1966-01 | |
| Alan Rogers | corporate director | 2014-01 | ||
| David Cohen | corporate director | 2014-01 | ||
| David Ressler | corporate officer | 2014-01 | ||
| Eduardo Leon | corporate director | 2004-07 | ||
| Elizabeth Lowell | corporate officer | 2012-11 | ||
| Frank Marini | corporate director | 1966-07 | ||
| Frank Marini | w-2 managing employee | 1966-07 | ||
| Gay Tosch | corporate director | 2014-01 | ||
| Henry Boice | corporate director | 2004-07 | ||
| Jay Katz | corporate director | 2013-01 | ||
| Jon Young | corporate director | 2008-01 | ||
| Juan Arreguin | corporate director | 2014-01 | ||
| Julia Strange | corporate officer | 2010-01 | ||
| Kevin Kilday | corporate officer | 2022-06 | ||
| Louise Francesconi | corporate director | 2004-07 | ||
| Michael Bracht | corporate director | 2013-01 | ||
| Michael Duran | corporate director | 1966-07 | ||
| Richard Lawley | corporate officer | 2014-01 | ||
| Richard Prevallet | corporate officer | 2010-01 | ||
| Rick Anderson | corporate officer | 2013-03 | ||
| Stephen Bush | corporate officer | 2009-09 | ||
| Steve Reichling | corporate officer | 2024-06 | ||
| Timothy Hartin | corporate officer | 2013-04 |
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 AZ
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 |
|---|---|---|---|---|
| 2024-10-03 | Honorhealth | St Lukes Medical Center Lp | Tempe St. Lukes Hospital | 74 |
| 2024-10-03 | Honorhealth | Mountain Vista Medical Center Lp | Mountain Vista Medical Center | 138 |
| 2019-02-01 | Dignity Community Care | Dignity Health | Chandler Regional Medical Center | 429 |