Honorhealth John C. Lincoln Med Ctr
dba Honorhealth John C. Lincoln Medical Center ·
Phoenix, Maricopa County, AZ
· CCN 030014
Licensed to Honorhealth
Composite
52.4
rank score
Distress
52
FY2023
Fit
72
vs thesis
Estimated ticket
$20.3M–$40.6M
239 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- under 30 days cash on hand
- current ratio below 0.8
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $690M |
| Operating margin | -9.1% |
| Total margin | 14.8% |
| Days cash on hand | 0 |
| Current ratio | -0.24 |
| Occupancy | 66% |
Facility
| Beds | 239 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 | 262 | $435M | $32.3M | -5.6% | 6.6% | 0 | -0.30 | 57% | 10,132 | 60 |
| 2021 | 258 | $517M | $52.1M | -6.0% | 8.7% | 0 | -0.26 | 62% | 10,659 | 58 |
| 2022 | 258 | $618M | $66.8M | -7.9% | 9.1% | 0 | -0.24 | 74% | 10,641 | 58 |
| 2023 | 239 | $690M | $130M | -9.1% | 14.8% | 0 | -0.24 | 66% | 10,736 | 52 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alpa Shah | corporate director | 2020-01 | ||
| Andrew Kassir | corporate director | 2020-01 | ||
| Charles Mitchell | corporate director | 2021-07 | ||
| Denise Montee | w-2 managing employee | 2024-01 | ||
| Denise Montee | operational/managerial control | 2024-01 | ||
| Drew Brown | corporate director | 2007-08 | ||
| Frank Pugh | corporate director | 2013-10 | ||
| Fred Hessler | corporate director | 2020-01 | ||
| Heidi Jannenga | corporate director | 2024-01 | ||
| Honorhealth | operational/managerial control | 2015-01 | ||
| Jesika Bailie | w-2 managing employee | 2022-01 | ||
| Jesika Bailie | operational/managerial control | 2022-01 | ||
| Julie Arvo Mackenzie | corporate director | 2013-10 | ||
| Kathleen Player | corporate director | 2025-01 | ||
| Kathryn Lincoln | corporate director | 2013-10 | ||
| Lisa Montman | corporate officer | 2022-01 | ||
| Lisa Montman | w-2 managing employee | 2022-01 | ||
| Lisa Montman | operational/managerial control | 2022-01 | ||
| Peter Hathaway | corporate director | 2013-10 | ||
| Robert Welborn | corporate director | 2006-01 | ||
| Steven Wheeler | corporate director | 2008-01 | ||
| Todd Laporte | corporate officer | 2014-01 | ||
| Todd Laporte | corporate director | 2014-01 | ||
| Todd Laporte | w-2 managing employee | 2014-01 | ||
| Todd Laporte | operational/managerial control | 2014-01 |
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 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 |