Banner Thunderbird Medical Center
Glendale, Maricopa County, AZ
· CCN 030089
Licensed to Banner Thunderbird Medical Center
Composite
16.4
rank score
Distress
33
FY2023
Fit
66
vs thesis
Estimated ticket
$270M–$1.1B
539 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- liabilities exceed assets
- margin slipping
- 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 | $776M |
| Operating margin | 15.1% |
| Total margin | 15.9% |
| Days cash on hand | 0 |
| Current ratio | 3.65 |
| Occupancy | 70% |
Facility
| Beds | 539 |
| 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 | 539 | $562M | $96.7M | 9.7% | 16.0% | 6 | 3.86 | 66% | 28,550 | 30 |
| 2021 | 539 | $676M | $74.3M | 8.4% | 10.7% | 0 | 2.61 | 69% | 25,358 | 33 |
| 2022 | 539 | $674M | $68.6M | 8.4% | 10.0% | 0 | 2.77 | 65% | 24,432 | 33 |
| 2023 | 539 | $776M | $125M | 15.1% | 15.9% | 0 | 3.65 | 70% | 26,458 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Banner Health | 5% or greater direct ownership interest | 100 | 2003-05 | |
| Banner Health | operational/managerial control | 100 | 2003-05 | |
| Amy Perry | corporate officer | 2021-11 | ||
| Anne Mariucci | corporate director | 2015-03 | ||
| Brenda Schaefer | corporate officer | 2014-03 | ||
| Carole Faig | corporate director | 2026-03 | ||
| Christopher Volk | corporate director | 2009-12 | ||
| Dale Johns | corporate director | 2026-03 | ||
| Dale Johns | w-2 managing employee | 2026-03 | ||
| 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 officer | 2015-12 | ||
| Julie Ann Alvarado-Dubek | corporate officer | 2022-02 | ||
| 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 | ||
| Rick Myers | corporate director | 2023-09 | ||
| Sara Ward | corporate director | 2023-09 |
Showing 25 of 29. Full list via /api/targets/030089.
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 |