Holy Cross Hospital
dba Holy Cross Hospital, Holy Cross Hospital Of Silver Spring, Inc ·
Silver Spring, Montgomery County, MD
· CCN 210004
Licensed to Holy Cross Health, Inc.
Composite
37.3
rank score
Distress
21
FY2024
Fit
65
vs thesis
Estimated ticket
$193M–$772M
386 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 90-150 days cash on hand
- current ratio under 1.5
- debt above 70% of assets
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $532M |
| Operating margin | 4.7% |
| Total margin | 9.9% |
| Days cash on hand | 106 |
| Current ratio | 1.33 |
| Occupancy | 80% |
Facility
| Beds | 386 |
| 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 | 423 | $498M | $149M | 3.7% | 23.7% | 320 | 3.19 | 69% | 22,259 | 0 |
| 2022 | 423 | $523M | $52.1M | 7.4% | 9.7% | 160 | -98.57 | 79% | 21,819 | 13 |
| 2023 | 399 | $516M | $46.3M | -16.7% | 7.1% | 74 | 18.60 | 83% | 20,822 | 38 |
| 2024 | 386 | $532M | $55.4M | 4.7% | 9.9% | 106 | 1.33 | 80% | 25,050 | 21 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Trinity Health Corporation | 5% or greater indirect ownership interest | 100 | 2014-07 | chain |
| Ajay Gupta | corporate officer | 2026-01 | ||
| Ajay Gupta | corporate director | 2018-01 | ||
| Andre Boyd | corporate officer | 2025-01 | ||
| Andre Boyd | corporate director | 2025-01 | ||
| Barbara Buckley | corporate director | 2026-01 | ||
| Carmen Larsen | corporate director | 2016-01 | ||
| Catherine Mikus | corporate officer | 2025-01 | ||
| Geraldine Hoyler | corporate director | 2026-01 | ||
| Hiral Fontanilla | corporate director | 2025-01 | ||
| Jacqueline Watson | corporate director | 2020-01 | ||
| James Monihan | corporate director | 2025-01 | ||
| Julie Keese | corporate officer | 2025-07 | ||
| Julie Keese | w-2 managing employee | 2017-02 | ||
| Julie Washington | corporate director | 2025-01 | ||
| Ketty Taboada | corporate director | 2026-03 | ||
| Ketty Taboada | w-2 managing employee | 2026-03 | ||
| Larry Warren | corporate director | 2024-01 | ||
| Marianne Grace | corporate director | 2025-01 | ||
| Michelle Calope | corporate director | 2025-01 | ||
| Robin Madden | corporate director | 2019-01 | ||
| Sandra Kweder | corporate director | 2024-01 | ||
| Shaila Kapur | corporate director | 2025-01 | ||
| Vincent Gordon | corporate officer | 2026-01 | ||
| Vincent Gordon | corporate director | 2025-01 |
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 MD
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 |
|---|---|---|---|---|
| 2024-02-01 | University Of Maryland Medical Center, Llc | University Of Maryland Medical... | University Of Maryland Med Sys | 762 |
| 2022-07-01 | Grmc, Inc. | Garrett County Memorial Hospital | Garrett County Memorial Hospital | 20 |
| 2022-03-01 | Sinai Hospital Of Baltimore, Inc | Grace Medical Center Inc | Sinai Hospital Of Baltimore Inc. | 437 |
| 2020-03-01 | Tidalhealth Peninsula Regional Inc | Mccready Foundation Inc | Tidalhealth Peninsula Regional Inc | 284 |
| 2019-10-27 | Adventist Healthcare Fort... | Fort Washington Medical Center Inc | Fort Washington Medical Center | 34 |
| 2018-08-01 | Adventist Healthcare, Inc. | Adventist Healthcare, Inc. | Ahc Shady Grove Medical Center | 397 |