George Washington Univ Hospital
dba George Washington University Hospital ·
Washington, Dc County, DC
· CCN 090001
Licensed to District Hospital Partners L P
Composite
52.0
rank score
Distress
51
FY2023
Fit
68
vs thesis
Estimated ticket
$144M–$576M
339 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size well above the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $633M |
| Operating margin | -2.5% |
| Total margin | -1.7% |
| Days cash on hand | 0 |
| Current ratio | 2.02 |
| Occupancy | 82% |
Facility
| Beds | 339 |
| 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 | 339 | $547M | $30.5M | -3.7% | 5.1% | 0 | 0.27 | 85% | 20,336 | 51 |
| 2021 | 339 | $609M | $21.8M | 1.6% | 3.5% | 0 | 1.65 | 83% | 19,826 | 29 |
| 2022 | 339 | $612M | $-10.4M | -2.9% | -1.7% | 0 | 2.01 | 80% | 17,656 | 46 |
| 2023 | 339 | $633M | $-10.8M | -2.5% | -1.7% | 0 | 2.02 | 82% | 17,427 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Ramagano | corporate officer | 100 | 1997-04 | |
| Edward Sim | corporate officer | 100 | 2022-12 | |
| Edward Sim | operational/managerial control | 100 | 2022-12 | |
| George Brunner | corporate officer | 100 | 1997-04 | |
| Katharine Lyver | corporate officer | 100 | 2024-01 | |
| Matthew Klein | corporate officer | 100 | 2010-10 | |
| Steve Filton | corporate officer | 100 | 2007-07 | |
| Steve Filton | operational/managerial control | 100 | 2010-07 | |
| Uhs Of Delaware Inc | 5% or greater indirect ownership interest | 100 | 2022-08 | chain |
| Uhs Of Delaware Inc | operational/managerial control | 100 | 1997-04 | chain |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 100 | 1997-04 | |
| Uhs Of Dc, Inc. | 5% or greater direct ownership interest | 80 | 1997-04 | |
| Uhs Of Dc, Inc. | limited partnership interest | 79 | 1997-04 | |
| James Coleman | contracted managing employee | 50 | 1997-04 | |
| Edward Sim | corporate director | 33 | 2022-12 | |
| Matthew Klein | corporate director | 33 | 2010-10 | |
| Steve Filton | corporate director | 33 | 2007-07 | |
| Uhs Capitol Acquisition Llc | 5% or greater direct ownership interest | 20 | 2022-08 | |
| Uhs Capitol Acquisition Llc | limited partnership interest | 20 | 2022-08 | |
| Uhs Of Dc, Inc. | general partnership interest | 1 | 1997-04 | |
| Alan Miller | 5% or greater indirect ownership interest | 2021-01 | ||
| Maia Healy | contracted managing employee | 2024-01 | ||
| Maia Healy | corporate officer | 2024-01 |
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 DC
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 |
|---|---|---|---|---|
| 2024-01-01 | Howard University Hospital Corp | Howard University Hospital | Howard University Hospital | 215 |