St. Agnes Hospital
dba Ascension Saint Agnes Hospital ·
Baltimore, Baltimore City County, MD
· CCN 210011
Licensed to St Agnes Healthcare Inc
Composite
62.2
rank score
Distress
69
FY2024
Fit
78
vs thesis
Estimated ticket
$80.8M–$323M
190 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $477M |
| Operating margin | -14.8% |
| Total margin | -5.2% |
| Days cash on hand | 3 |
| Current ratio | 1.03 |
| Occupancy | 76% |
Facility
| Beds | 190 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 271 | $450M | $26.7M | -7.4% | 5.2% | 9 | 1.14 | 56% | 10,769 | 50 |
| 2022 | 271 | $480M | $-2.3M | -10.6% | -0.4% | 10 | 0.92 | 51% | 10,161 | 69 |
| 2023 | 183 | $507M | $18.3M | -12.2% | 3.1% | 5 | 0.87 | 78% | 10,631 | 59 |
| 2024 | 190 | $477M | $-27.0M | -14.8% | -5.2% | 3 | 1.03 | 76% | 10,466 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ascension Health | 5% or greater direct ownership interest | 100 | 1999-11 | |
| Albert Kelly | corporate director | 2020-07 | ||
| Cecillia Tsao | corporate director | 2020-07 | ||
| Christopher Callaghan | corporate director | 2020-07 | ||
| Kala Davis | corporate director | 2018-07 | ||
| Kala Davis | w-2 managing employee | 2018-07 | ||
| Kenneth Williams | corporate director | 2018-07 | ||
| Kenneth Williams | w-2 managing employee | 2018-07 | ||
| Laura Hesselbein | w-2 managing employee | 2014-10 | ||
| Mary Conley | w-2 managing employee | 2020-01 | ||
| Michael Dunwell | w-2 managing employee | 2024-12 | ||
| Michelle Spencer | corporate director | 2022-07 | ||
| Mitchell Lomax | corporate officer | 2020-01 | ||
| Mitchell Lomax | w-2 managing employee | 2020-01 | ||
| Perry Fong | corporate director | 2020-07 | ||
| Ralph Sapia | corporate director | 2022-07 | ||
| Richard Hudes | corporate director | 2020-07 | ||
| Richard Hunt | corporate director | 2018-07 | ||
| Victoria Semanie | corporate director | 2022-07 | ||
| William Higginbotham | corporate officer | 2023-07 | ||
| William Higginbotham | w-2 managing employee | 2023-07 |
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 |