Upmc-Western Maryland Corp
dba Upmc Western Maryland ·
Cumberland, MD
· CCN 210027
Licensed to Upmc Western Maryland Corporation
Composite
54.2
rank score
Distress
51
FY2024
Fit
78
vs thesis
Estimated ticket
$74.4M–$298M
175 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- margin deteriorating
- 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 | $324M |
| Operating margin | -15.7% |
| Total margin | 6.5% |
| Days cash on hand | 19 |
| Current ratio | 1.73 |
| Occupancy | 71% |
Facility
| Beds | 175 |
| 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 | 191 | $355M | $39.3M | 5.4% | 10.5% | 38 | 0.96 | 71% | 10,122 | 26 |
| 2022 | 191 | $357M | $20.8M | 3.9% | 5.7% | 28 | 1.73 | 71% | 10,034 | 22 |
| 2023 | 200 | $312M | $41.5M | -12.1% | 10.5% | 26 | 3.44 | 64% | 9,346 | 50 |
| 2024 | 175 | $324M | $26.2M | -15.7% | 6.5% | 19 | 1.73 | 71% | 9,261 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Upmc | 5% or greater direct ownership interest | 100 | 2020-02 | |
| Amber Ruble | corporate officer | 2021-06 | ||
| Amber Ruble | w-2 managing employee | 2021-06 | ||
| Carissa Rodeheaver | corporate director | 2021-08 | ||
| Courtney Thomas Winterberg | corporate director | 2013-03 | ||
| David Burwell | corporate director | 2020-02 | ||
| David Gibbons | corporate director | 2024-03 | ||
| Eileen Simmons | corporate director | 2020-02 | ||
| John Pappas | corporate director | 2016-01 | ||
| Jonathan Hutcherson | corporate director | 2016-07 | ||
| Keith Funkhouser | corporate officer | 2020-01 | ||
| Keith Funkhouser | corporate director | 2014-05 | ||
| Kim Leonard | corporate director | 2018-07 | ||
| Mary Anne Jenkins | corporate officer | 2017-07 | ||
| Mary Anne Jenkins | corporate director | 2013-12 | ||
| Michele Martz | w-2 managing employee | 2021-03 | ||
| Richard Wadas | corporate director | 2022-09 | ||
| Rolf Haarstad | corporate officer | 2016-07 | ||
| Rolf Haarstad | corporate director | 2010-10 |
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 |