Northwest Medical Center
Tucson, Pima County, AZ
· CCN 030085
Licensed to Northwest Hospital Llc
Composite
56.3
rank score
Distress
51
FY2023
Fit
84
vs thesis
Estimated ticket
$107M–$428M
252 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin under 2%
- total margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $344M |
| Operating margin | 0.8% |
| Total margin | 1.4% |
| Days cash on hand | 0 |
| Current ratio | -0.57 |
| Occupancy | 65% |
Facility
| Beds | 252 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 288 | $281M | $23.6M | 6.1% | 8.2% | 0 | -0.46 | 50% | 13,769 | 38 |
| 2021 | 258 | $316M | $33.0M | 9.0% | 10.3% | 0 | -0.43 | 60% | 12,095 | 38 |
| 2022 | 253 | $318M | $-3.7M | -1.0% | -1.2% | 0 | -0.44 | 66% | 13,020 | 59 |
| 2023 | 252 | $344M | $4.8M | 0.8% | 1.4% | 0 | -0.57 | 65% | 12,667 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Chs Community Health Systems Inc | 5% or greater indirect ownership interest | 100 | 2007-07 | |
| Community Health Systems Inc | 5% or greater indirect ownership interest | 100 | 2007-07 | |
| Desert Hospital Holdings Llc | 5% or greater indirect ownership interest | 100 | 2007-07 | |
| Hma-Tri Holdings Llc | 5% or greater indirect ownership interest | 100 | 2015-12 | |
| Nov Holdings, Llc | 5% or greater direct ownership interest | 100 | 2007-07 | |
| Tennyson Holdings Llc | 5% or greater indirect ownership interest | 100 | 2011-09 | |
| Triad Healthcare Llc | 5% or greater indirect ownership interest | 100 | 1999-05 | |
| Triad Holdings V Llc | 5% or greater indirect ownership interest | 100 | 2007-07 | |
| Christopher Cobb | corporate officer | 2022-03 | ||
| Edna Buffington-Price | corporate director | 2022-03 | ||
| Jason Johnson | corporate officer | 2020-01 | ||
| Justin Pitt | corporate officer | 2022-03 | ||
| Justin Pitt | corporate director | 2022-03 | ||
| Kevin Hammons | corporate officer | 2022-03 | ||
| Kevin Hammons | corporate director | 2022-03 | ||
| Kevin Stockton | w-2 managing employee | 2011-03 | ||
| Nathaniel Summar | corporate director | 2017-07 | ||
| Paula Lalor | corporate director | 2017-04 | ||
| Roman Ottinger | corporate officer | 2020-01 | ||
| William Cash | corporate officer | 2022-03 |
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 |