Abrazo Central Campus
Phoenix, Maricopa County, AZ
· CCN 030030
Licensed to Vhs Of Phoenix Inc
Composite
55.5
rank score
Distress
59
FY2024
Fit
72
vs thesis
Estimated ticket
$12.7M–$25.3M
149 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $98.9M |
| Operating margin | -5.9% |
| Total margin | -3.0% |
| Days cash on hand | 0 |
| Current ratio | 4.13 |
| Occupancy | 45% |
Facility
| Beds | 149 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| 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 | 161 | $129M | $9.7M | -8.3% | 6.5% | 1 | 1.22 | 59% | 6,441 | 50 |
| 2022 | 161 | $132M | $-5.0M | -6.7% | -3.7% | 0 | 1.79 | 56% | 5,985 | 59 |
| 2023 | 153 | $108M | $-10.4M | -10.6% | -9.5% | 0 | 2.29 | 48% | 5,047 | 69 |
| 2024 | 149 | $98.9M | $-3.0M | -5.9% | -3.0% | 0 | 4.13 | 45% | 5,081 | 59 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Tenet Healthcare Corporation | 5% or greater indirect ownership interest | 100 | 2013-10 | |
| Vanguard Health Financial Company Llc | 5% or greater direct ownership interest | 100 | 2007-07 | |
| Vanguard Health Holding Company I Llc | 5% or greater indirect ownership interest | 100 | 2020-02 | |
| Vanguard Health Holding Company Ii Llc | 5% or greater indirect ownership interest | 100 | 2020-02 | |
| Vanguard Health Management Inc | 5% or greater indirect ownership interest | 100 | 2020-02 | |
| Vanguard Health Systems Inc | 5% or greater indirect ownership interest | 100 | 2020-02 | |
| Morgan Stanley Dean Witter Capital | 5% or greater indirect ownership interest | 8 | 2004-06 | |
| Angelo Pagano | corporate officer | 2024-07 | ||
| Gregory Pearson | corporate officer | 2023-05 | ||
| Gregory Pearson | w-2 managing employee | 2023-05 | ||
| Joshua Burkett | corporate officer | 2024-10 | ||
| Kristina Mack | corporate officer | 2014-07 | ||
| Morgan Stanley Dean Witter Capital | 5% or greater direct ownership interest | 2004-09 | ||
| Saumya Sutaria | other | 2019-09 | ||
| Sharilee Smith | corporate director | 2024-03 |
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 |