Medstar Union Memorial Hospital
Baltimore, MD
· CCN 210024
Licensed to The Union Memorial Hospital
Composite
53.7
rank score
Distress
50
FY2024
Fit
78
vs thesis
Estimated ticket
$80.3M–$321M
189 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- under 30 days cash on hand
- 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 · FY2024
| Net patient revenue | $423M |
| Operating margin | -7.5% |
| Total margin | -0.7% |
| Days cash on hand | 0 |
| Current ratio | 1.62 |
| Occupancy | 71% |
Facility
| Beds | 189 |
| 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 | 185 | $427M | $4.2M | -10.1% | 0.9% | 0 | 0.46 | 72% | 9,850 | 67 |
| 2022 | 185 | $393M | $-29.9M | -10.6% | -7.4% | 0 | 1.05 | 73% | 9,379 | 66 |
| 2023 | 191 | $409M | $-3.4M | -8.7% | -0.8% | 0 | 1.37 | 70% | 8,872 | 56 |
| 2024 | 189 | $423M | $-3.1M | -7.5% | -0.7% | 0 | 1.62 | 71% | 8,756 | 50 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Medstar Health, Inc. | 5% or greater indirect ownership interest | 100 | 1999-02 | |
| The Union Memorial Hospital | 5% or greater direct ownership interest | 100 | 1999-02 | |
| Anthony Read | corporate director | 2015-11 | ||
| Daniel Cahill | corporate director | 2016-11 | ||
| David Martin | corporate director | 2018-11 | ||
| Dawn Motovidlak | corporate director | 2013-11 | ||
| Deana Stout | corporate officer | 2015-07 | ||
| Deana Stout | w-2 managing employee | 2015-07 | ||
| Deana Stout | operational/managerial control | 2015-07 | ||
| Denis Madden | corporate director | 2019-11 | ||
| Holly Tilford | corporate director | 2015-11 | ||
| Jeffrey Elkin | corporate director | 2016-11 | ||
| Judith Feustle | corporate director | 2019-06 | ||
| Kathleen Dyer | corporate director | 2018-09 | ||
| Kathryn Perry | w-2 managing employee | 2023-08 | ||
| Kenneth Samet | corporate director | 2008-06 | ||
| Kim Sydnor | corporate director | 2017-11 | ||
| Leo Gallagher | corporate director | 2017-11 | ||
| Mahsa Mohebtash | corporate director | 2022-11 | ||
| Medstar Health, Inc. | operational/managerial control | 1999-02 | ||
| Michael Randolph | corporate director | 2014-11 | ||
| P. Connelly | corporate director | 2022-11 | ||
| Paul Sack | corporate director | 2022-07 | ||
| Rebecca Pearce | corporate director | 2019-06 | ||
| Samer Najjar | corporate director | 2023-03 |
Showing 25 of 31. Full list via /api/targets/210024.
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 |