Mercy Gilbert Medical Center
Gilbert, Maricopa County, AZ
· CCN 030119
Licensed to Dignity Health
Composite
33.5
rank score
Distress
10
FY2024
Fit
72
vs thesis
Estimated ticket
$19.7M–$39.4M
197 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 90-150 days cash on hand
- margin deteriorating
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $397M |
| Operating margin | 3.9% |
| Total margin | 5.9% |
| Days cash on hand | 136 |
| Current ratio | 3.47 |
| Occupancy | 99% |
Facility
| Beds | 197 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 197 | $323M | $28.3M | 5.5% | 8.5% | 68 | 1.75 | 86% | 14,761 | 10 |
| 2022 | 197 | $370M | $30.5M | 5.5% | 8.0% | 8 | 1.55 | 100% | 16,822 | 22 |
| 2023 | 197 | $382M | $33.1M | 6.3% | 8.5% | 134 | 3.12 | 100% | 17,206 | 4 |
| 2024 | 197 | $397M | $23.9M | 3.9% | 5.9% | 136 | 3.47 | 99% | 19,567 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Commonspirit Health | 5% or greater indirect ownership interest | 100 | 2019-02 | |
| Dignity Health | 5% or greater direct ownership interest | 100 | 2006-06 | |
| Dignity Health | operational/managerial control | 100 | 2019-02 | |
| Daniel Morissette | corporate officer | 2019-02 | ||
| Daniel Morissette | other | 2023-09 | ||
| Eric Sorensen | w-2 managing employee | 2019-02 | ||
| Eric Sorensen | operational/managerial control | 2019-02 | ||
| John Petersdorf | corporate officer | 2022-11 | ||
| John Petersdorf | w-2 managing employee | 2019-02 | ||
| Mitch Melfi | corporate officer | 2021-01 | ||
| Mitch Melfi | corporate director | 2021-01 | ||
| Scott Carswell | corporate director | 2021-01 | ||
| Steven Scharmann | corporate officer | 2022-11 | ||
| Steven Scharmann | w-2 managing employee | 2019-02 |
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 |