Ahc White Oak Medical Center
dba Adventist Healthcare White Oak Medical Center ·
Silver Spring, Montgomery County, MD
· CCN 210016
Licensed to Adventist Healthcare, Inc.
Composite
62.7
rank score
Distress
70
FY2023
Fit
78
vs thesis
Estimated ticket
$77.0M–$308M
220 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- margin slipping
- 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 · FY2023
| Net patient revenue | $312M |
| Operating margin | -11.8% |
| Total margin | 0.1% |
| Days cash on hand | 0 |
| Current ratio | -0.57 |
| Occupancy | 82% |
Facility
| Beds | 220 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 178 | $284M | $2.8M | -11.5% | 0.9% | 0 | -0.37 | 87% | 11,696 | 74 |
| 2021 | 178 | $313M | $1.8M | -41.7% | 0.4% | 0 | -0.03 | 107% | 13,333 | 74 |
| 2022 | 196 | $323M | $-19.0M | -43.2% | -4.3% | 0 | -0.02 | 112% | 13,626 | 83 |
| 2023 | 220 | $312M | $239K | -11.8% | 0.1% | 0 | -0.57 | 82% | 12,829 | 70 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adventist Healthcare, Inc. | operational/managerial control | 100 | 2003-12 | |
| Pamela Mcclain | w-2 managing employee | 20 | 2024-10 | |
| Pamela Mcclain | 5% or greater indirect ownership interest | 5 | 2024-10 |
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 |