Banner Desert Medical Center
Mesa, Maricopa County, AZ
· CCN 030065
Licensed to Banner Desert Medical Center
Composite
16.4
rank score
Distress
33
FY2023
Fit
66
vs thesis
Estimated ticket
$314M–$1.3B
629 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- debt above 85% of assets
- margin deteriorating
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $937M |
| Operating margin | 14.3% |
| Total margin | 15.1% |
| Days cash on hand | 0 |
| Current ratio | 3.88 |
| Occupancy | 76% |
Facility
| Beds | 629 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 605 | $779M | $153M | 16.6% | 19.1% | 0 | 3.23 | 80% | 33,189 | 30 |
| 2021 | 629 | $902M | $148M | 13.9% | 16.0% | 0 | 4.41 | 81% | 33,831 | 27 |
| 2022 | 629 | $833M | $118M | 12.6% | 13.9% | 0 | 3.02 | 73% | 29,545 | 27 |
| 2023 | 629 | $937M | $143M | 14.3% | 15.1% | 0 | 3.88 | 76% | 32,110 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Banner Health | 5% or greater direct ownership interest | 100 | 1999-09 | |
| Banner Health | operational/managerial control | 100 | 1999-09 | |
| Amy Perry | corporate officer | 2021-11 | ||
| Anne Mariucci | corporate director | 2015-03 | ||
| Brenda Schaefer | corporate officer | 2014-03 | ||
| Carole Faig | corporate director | 2026-03 | ||
| Christine Rosini | corporate director | 2026-02 | ||
| Christine Rosini | w-2 managing employee | 2026-02 | ||
| Christopher Volk | corporate director | 2009-12 | ||
| Dean Harrison | corporate director | 2023-09 | ||
| Holly Gregory | corporate director | 2026-02 | ||
| Holly Gregory | w-2 managing employee | 2026-02 | ||
| Jean Lance | corporate officer | 2022-06 | ||
| John Koster | corporate director | 2015-12 | ||
| Julie Ann Alvarado-Dubek | corporate officer | 2022-02 | ||
| Laura Robertson | corporate director | 2015-03 | ||
| Laura Robertson | w-2 managing employee | 2015-03 | ||
| Marjorie Bessel | corporate officer | 2018-01 | ||
| Mark Wallace | corporate director | 2021-09 | ||
| Mary Schubert | corporate officer | 2024-01 | ||
| Michael Butler | corporate director | 2025-09 | ||
| Michael Garnreiter | corporate director | 2012-08 | ||
| Paris Labruzzo | corporate director | 2026-02 | ||
| Paris Labruzzo | w-2 managing employee | 2026-02 | ||
| Quentin Smith | corporate director | 1999-09 |
Showing 25 of 31. Full list via /api/targets/030065.
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 |