Tempe St. Lukes Hospital
dba Honorhealth Tempe Medical Center ·
Tempe, Maricopa County, AZ
· CCN 030037
Licensed to Honorhealth
Already transacted. CMS recorded an ownership change effective
2024-10-03. Confirm the current owner before spending a call on this.
Composite
21.7
rank score
Distress
85
FY2024
Fit
60
vs thesis
Estimated ticket
$5.2M–$10.4M
74 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
- changed ownership 2024-10-03 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $56.6M |
| Operating margin | -19.7% |
| Total margin | -18.4% |
| Days cash on hand | — |
| Current ratio | 2.79 |
| Occupancy | 20% |
Facility
| Beds | 74 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 64 | $66.2M | $-3.4M | -24.0% | -4.3% | 0 | 0.79 | 45% | 2,704 | 92 |
| 2022 | 64 | $75.0M | $1.3M | 0.4% | 1.7% | 0 | 0.86 | 49% | 2,844 | 54 |
| 2023 | 74 | $75.8M | $4.3M | 3.6% | 5.6% | — | 1.08 | 32% | 2,434 | 26 |
| 2024 | 74 | $56.6M | $-10.5M | -19.7% | -18.4% | — | 2.79 | 20% | 1,694 | 85 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alpa Shah | corporate director | 2024-10 | ||
| Andrew Kassir | corporate director | 2024-10 | ||
| Charles Mitchell | corporate director | 2024-10 | ||
| Denise Montee | w-2 managing employee | 2024-10 | ||
| Denise Montee | operational/managerial control | 2024-10 | ||
| Drew Brown | corporate director | 2024-10 | ||
| Frank Pugh | corporate director | 2024-10 | ||
| Fred Hessler | corporate director | 2024-10 | ||
| Heidi Jannenga | corporate director | 2024-10 | ||
| Honorhealth | operational/managerial control | 2024-10 | ||
| Jesika Bailie | w-2 managing employee | 2022-01 | ||
| Jesika Bailie | operational/managerial control | 2022-01 | ||
| Julie Arvo Mackenzie | corporate director | 2024-10 | ||
| Kathleen Player | corporate director | 2025-01 | ||
| Kathryn Lincoln | corporate director | 2024-10 | ||
| Lisa Montman | corporate officer | 2024-10 | ||
| Lisa Montman | w-2 managing employee | 2024-10 | ||
| Lisa Montman | operational/managerial control | 2024-10 | ||
| Peter Hathaway | corporate director | 2024-10 | ||
| Robert Welborn | corporate director | 2006-01 | ||
| Steven Wheeler | corporate director | 2024-10 | ||
| Todd Laporte | corporate officer | 2024-10 | ||
| Todd Laporte | corporate director | 2024-10 | ||
| Todd Laporte | w-2 managing employee | 2024-10 | ||
| Todd Laporte | operational/managerial control | 2024-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-10-03 | change of ownership | Honorhealth | St Lukes Medical Center Lp |
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 |