Banner Heart Hospital
Mesa, Maricopa County, AZ
· CCN 030105
Licensed to Banner Heart Hospital
Composite
34.5
rank score
Distress
15
FY2023
Fit
70
vs thesis
Estimated ticket
$10.8M–$21.6M
108 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $172M |
| Operating margin | 17.9% |
| Total margin | 18.3% |
| Days cash on hand | — |
| Current ratio | 6.12 |
| Occupancy | 53% |
Facility
| Beds | 108 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 111 | $155M | $41.2M | 19.5% | 24.8% | — | 8.45 | 49% | 4,547 | 3 |
| 2021 | 108 | $166M | $32.1M | 17.2% | 19.0% | — | 5.32 | 58% | 4,942 | 3 |
| 2022 | 108 | $162M | $29.9M | 17.4% | 18.2% | — | 6.44 | 49% | 4,324 | 3 |
| 2023 | 108 | $172M | $31.5M | 17.9% | 18.3% | — | 6.12 | 53% | 4,827 | 15 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Banner Health | 5% or greater direct ownership interest | 100 | 2001-08 | |
| Banner Health | operational/managerial control | 100 | 2001-08 | |
| 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 | ||
| Dean Harrison | corporate director | 2023-09 | ||
| Holly Gregory | corporate director | 2026-02 | ||
| Holly Gregory | w-2 managing employee | 2026-02 | ||
| Jean Lance | corporate director | 2022-06 | ||
| John Koster | corporate director | 2015-12 | ||
| John Scherpf | corporate director | 2026-03 | ||
| John Scherpf | w-2 managing employee | 2026-03 | ||
| 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/030105.
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 |