Doctors Community Hospital
Lanham, Prince Georges County County, MD
· CCN 210051
Licensed to Luminis Health Doctors Community Medical Center, Inc
Composite
56.3
rank score
Distress
62
FY2024
Fit
71
vs thesis
Estimated ticket
$92.7M–$371M
218 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- current liabilities exceed current assets
- debt above 85% of assets
- margin deteriorating
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $248M |
| Operating margin | -4.0% |
| Total margin | -2.8% |
| Days cash on hand | 3 |
| Current ratio | 0.90 |
| Occupancy | 71% |
Facility
| Beds | 218 |
| 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 | 206 | $211M | $-1.1M | -9.3% | -0.5% | 227 | 2.39 | 70% | 10,213 | 34 |
| 2022 | 206 | $221M | $-16.1M | -10.0% | -7.0% | 39 | 1.61 | 69% | 9,019 | 61 |
| 2023 | 200 | $229M | $-13.5M | -7.9% | -5.8% | 3 | 1.03 | 75% | 9,291 | 68 |
| 2024 | 218 | $248M | $-7.2M | -4.0% | -2.8% | 3 | 0.90 | 71% | 9,743 | 62 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Luminis Health Inc | 5% or greater direct ownership interest | 100 | 2019-07 | |
| Alan Hyatt | corporate director | 2019-07 | ||
| Carlesa Finney | corporate director | 2019-07 | ||
| Charles Dukes | corporate director | 1998-07 | ||
| Gabriel Jaffe | operational/managerial control | 2007-12 | ||
| Gary Michael | corporate director | 2017-07 | ||
| Jason Vellen | corporate director | 2024-05 | ||
| Jason Vellen | w-2 managing employee | 2024-05 | ||
| John Enzler | corporate director | 2018-07 | ||
| P Errico | corporate director | 2012-07 | ||
| Paula Bruening | operational/managerial control | 2007-12 | ||
| Rene Lavigne | corporate director | 2007-07 | ||
| Richard Ham | corporate director | 2000-07 | ||
| Thomas Graham | corporate director | 2017-07 | ||
| Timothy Adams | corporate director | 2012-07 | ||
| Victoria Bayless | corporate director | 2019-07 |
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 |