Tidalhealth Peninsula Regional Inc
Salisbury, Wicomico County, MD
· CCN 210019
Licensed to Tidalhealth Peninsula Regional Inc
Composite
40.9
rank score
Distress
33
FY2024
Fit
65
vs thesis
Estimated ticket
$142M–$568M
284 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio under 1.5
- margin deteriorating sharply
- 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 | $540M |
| Operating margin | 6.9% |
| Total margin | 15.5% |
| Days cash on hand | 26 |
| Current ratio | 1.29 |
| Occupancy | 69% |
Facility
| Beds | 284 |
| 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 | 225 | $472M | $150M | 8.2% | 25.7% | 106 | 1.28 | 82% | 11,592 | 8 |
| 2022 | 225 | $472M | $-42.6M | 3.8% | -10.3% | 29 | 1.44 | 88% | 12,686 | 42 |
| 2023 | 230 | $493M | $45.8M | 0.8% | 8.6% | 19 | 3.16 | 88% | 13,745 | 29 |
| 2024 | 284 | $540M | $91.8M | 6.9% | 15.5% | 26 | 1.29 | 69% | 15,757 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrea Williams | corporate officer | 2018-10 | ||
| Benny Stover | corporate officer | 2026-01 | ||
| David Rommel | corporate director | 2013-11 | ||
| Deborah Abbott | corporate director | 2012-01 | ||
| Herbert Geary | corporate director | 2012-01 | ||
| James Hartstein | corporate director | 2020-01 | ||
| Janelle Beiler | corporate director | 2020-01 | ||
| Julius Zant | corporate director | 2017-11 | ||
| Karen Poisker | corporate director | 2020-01 | ||
| Maria Lehman | corporate director | 2020-01 | ||
| Mark Edney | corporate director | 2020-01 | ||
| Martin Neat | corporate director | 2007-01 | ||
| Mary Dibartolo | corporate director | 2020-01 | ||
| Mehmet Diriker | corporate director | 2017-10 | ||
| Michelle Procino-Wells | corporate director | 2020-01 | ||
| Monica Warsaw | w-2 managing employee | 2021-07 | ||
| Montgomery Saylor | corporate director | 2007-01 | ||
| Rondall Allen | corporate director | 2020-01 | ||
| Ryan Mclaughlin | corporate director | 2013-10 | ||
| Simona Eng | corporate director | 2017-10 | ||
| Steven Leonard | corporate officer | 2018-01 | ||
| Susan Murphy | corporate director | 2020-01 | ||
| Thomas Coates | corporate director | 2012-01 | ||
| Thomas Riccio | corporate director | 2012-01 | ||
| Timothy Benning | corporate director | 2013-11 |
Showing 25 of 26. Full list via /api/targets/210019.
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-03-01 | acquisition/merger | Tidalhealth Peninsula Regional Inc | Mccready Foundation Inc |
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 |