Honorhealth Scottsdale Shea Med Ctr
dba Honorhealth Scottsdale Shea Medical Center ·
Scottsdale, Maricopa County, AZ
· CCN 030087
Licensed to Honorhealth
Composite
54.5
rank score
Distress
61
FY2023
Fit
68
vs thesis
Estimated ticket
$36.3M–$72.6M
427 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- very large — likely out of range
- ticket size somewhat below the envelope
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $627M |
| Operating margin | -4.0% |
| Total margin | 1.0% |
| Days cash on hand | 0 |
| Current ratio | -0.12 |
| Occupancy | 56% |
Facility
| Beds | 427 |
| 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 | 427 | $504M | $47.3M | -0.2% | 8.6% | 0 | -0.17 | 54% | 13,405 | 53 |
| 2021 | 427 | $591M | $38.6M | 2.1% | 6.3% | 0 | -0.15 | 65% | 14,658 | 36 |
| 2022 | 427 | $609M | $19.6M | -1.4% | 3.1% | 0 | -0.13 | 58% | 19,726 | 53 |
| 2023 | 427 | $627M | $6.5M | -4.0% | 1.0% | 0 | -0.12 | 56% | 20,438 | 61 |
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 Ambulatory | operational/managerial control | 2007-08 | ||
| 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 | 2007-08 | ||
| Steven Wheeler | corporate director | 2008-01 | ||
| Todd Laporte | corporate officer | 2006-05 | ||
| Todd Laporte | corporate director | 2006-05 | ||
| Todd Laporte | w-2 managing employee | 2006-05 | ||
| Todd Laporte | operational/managerial control | 2018-01 |
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 |