Memorial Easton
219 South Washington Street, Talbot County, MD
· CCN 210037
Licensed to Shore Health System Inc
Composite
37.2
rank score
Distress
28
FY2024
Fit
62
vs thesis
Estimated ticket
$11.5M–$23.0M
115 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- total margin under 2%
- current ratio under 1.5
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $291M |
| Operating margin | 0.9% |
| Total margin | 1.8% |
| Days cash on hand | — |
| Current ratio | 1.48 |
| Occupancy | 89% |
Facility
| Beds | 115 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 148 | $270M | $75.7M | 12.5% | 24.3% | 103 | 1.19 | 58% | 6,647 | 10 |
| 2022 | 128 | $295M | $14.9M | 7.4% | 5.2% | 43 | 1.27 | 65% | 6,126 | 20 |
| 2023 | 143 | $288M | $8.7M | -4.1% | 2.8% | 11 | 1.45 | 63% | 6,473 | 41 |
| 2024 | 115 | $291M | $5.8M | 0.9% | 1.8% | — | 1.48 | 89% | 6,420 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Arthur Cecil | corporate director | 100 | 2015-07 | |
| Charles Capute | corporate director | 100 | 2014-07 | |
| John Ashworth | corporate director | 100 | 2011-07 | |
| Keith Mcmahan | corporate director | 100 | 2008-07 | |
| Kenneth Kozel | corporate officer | 100 | 2011-10 | |
| Kenneth Kozel | w-2 managing employee | 100 | 2011-10 | |
| University Of Maryland Medical System Corporation | 5% or greater direct ownership interest | 100 | 2006-07 | |
| Aaron Gabrielian | corporate officer | 2025-07 | ||
| Aaron Gabrielian | corporate director | 2025-07 | ||
| Chrissy Helfenbein | corporate officer | 2024-07 | ||
| Chrissy Helfenbein | corporate director | 2024-07 | ||
| Christopher Parry | corporate director | 2021-07 | ||
| Christopher Runz | corporate officer | 2024-07 | ||
| Christopher Runz | corporate director | 2024-07 | ||
| David Milligan | corporate officer | 2013-07 | ||
| David Milligan | corporate director | 2013-07 | ||
| Eugene Newmier | corporate director | 2018-08 | ||
| Garret Falcone | corporate director | 2021-07 | ||
| Kenny Kreiser | corporate director | 2022-08 | ||
| Kevin Morgan | corporate officer | 2025-07 | ||
| Kevin Morgan | corporate director | 2025-07 | ||
| Kim Herman | corporate director | 2022-08 | ||
| Kristin Bryce | corporate director | 2022-08 | ||
| Lou Satchell | corporate director | 2017-10 | ||
| Luann Brady | corporate officer | 2023-02 |
Showing 25 of 42. Full list via /api/targets/210037.
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 |