Washington Hospital Center
Washington, Dc County, DC
· CCN 090011
Licensed to Washington Hospital Center Corporation
Composite
13.5
rank score
Distress
26
FY2024
Fit
55
vs thesis
Estimated ticket
$360M–$1.4B
719 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- 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 · FY2024
| Net patient revenue | $1.6B |
| Operating margin | 1.0% |
| Total margin | 6.1% |
| Days cash on hand | 0 |
| Current ratio | 2.94 |
| Occupancy | 86% |
Facility
| Beds | 719 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 726 | $1.5B | $85.4M | -1.2% | 5.3% | 0 | 1.00 | 82% | 28,857 | 47 |
| 2022 | 719 | $1.6B | $44.7M | -0.4% | 2.6% | 0 | 1.54 | 88% | 28,021 | 38 |
| 2023 | 725 | $1.5B | $68.1M | -2.2% | 4.2% | 0 | 2.32 | 89% | 27,681 | 38 |
| 2024 | 719 | $1.6B | $106M | 1.0% | 6.1% | 0 | 2.94 | 86% | 28,421 | 26 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Medstar Health, Inc. | 5% or greater indirect ownership interest | 100 | 1998-07 | |
| Washington Hospital Center Corporation | 5% or greater direct ownership interest | 100 | 1981-08 | |
| Doretha Lea | corporate director | 2015-11 | ||
| Gregory Argyros | corporate officer | 2018-07 | ||
| Gregory Argyros | corporate director | 2018-07 | ||
| Harold Zirkin | corporate director | 2016-11 | ||
| John Gorman | corporate director | 2021-01 | ||
| John Sargent | corporate director | 2013-11 | ||
| Kenneth Samet | corporate director | 1998-07 | ||
| Kristen Nelson | corporate director | 2021-01 | ||
| Lisa Mascolo | corporate director | 2021-01 | ||
| Martin Rodgers | corporate director | 2021-01 | ||
| Melissa Fries | corporate director | 2016-11 | ||
| Michelle Lee | corporate director | 2021-01 | ||
| Michelle Long | w-2 managing employee | 1997-03 | ||
| Pamela Randolph Jackson | corporate director | 2016-11 | ||
| Stanley Chia | corporate director | 2021-01 | ||
| Stanley Gutkowski | corporate director | 2013-11 | ||
| William Gayne | corporate officer | 2014-10 | ||
| William Kelly | corporate director | 2014-11 |
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 |