Wahiawa General Hospital
Wahiawa, Honolulu County, HI · CCN 120004
Composite
59.5
rank score
Distress
77
FY2024
Fit
62
vs thesis
Estimated ticket
$23.1M–$92.4M
66 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- 30-60 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size somewhat below the envelope
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $15.8M |
| Operating margin | -84.5% |
| Total margin | -2.0% |
| Days cash on hand | 56 |
| Current ratio | 0.58 |
| Occupancy | 20% |
Facility
| Beds | 66 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 43 | $29.5M | $-2.1M | -35.8% | -5.5% | 18 | 1.00 | 29% | 747 | 86 |
| 2022 | 35 | $34.3M | $-891K | -28.6% | -2.1% | 17 | 0.75 | 41% | 722 | 88 |
| 2023 | 19 | $24.2M | $-1.8M | -58.5% | -5.0% | 13 | 0.36 | 94% | 745 | 87 |
| 2024 | 66 | $15.8M | $-578K | -84.5% | -2.0% | 56 | 0.58 | 20% | 462 | 77 |
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 HI
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 |
|---|---|---|---|---|
| 2024-10-08 | The Queens Medical Center | Sutter Health Pacific | The Queens Medical Center | 674 |
| 2017-07-01 | Maui Health System A Kaiser... | Maui Memorial Medical Center | Maui Memorial Medical Center | 219 |