Not-For-Profit Hospital Corporation
Washington, Dc County, DC · CCN 090008
Composite
52.2
rank score
Distress
52
FY2023
Fit
72
vs thesis
Estimated ticket
$53.5M–$214M
126 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- 90-150 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $90.3M |
| Operating margin | -39.2% |
| Total margin | -7.9% |
| Days cash on hand | 114 |
| Current ratio | 2.06 |
| Occupancy | 51% |
Facility
| Beds | 126 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| 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 | 157 | $84.7M | $-3.0M | -89.1% | -1.9% | 133 | 1.38 | 48% | 4,649 | 46 |
| 2021 | 157 | $83.9M | $-9.6M | -78.8% | -6.9% | 124 | 1.41 | 44% | 4,161 | 53 |
| 2022 | 123 | $99.7M | $-11.0M | -43.5% | -8.3% | 123 | 1.77 | 48% | 3,420 | 51 |
| 2023 | 126 | $90.3M | $-9.2M | -39.2% | -7.9% | 114 | 2.06 | 51% | 3,609 | 52 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |