Ahc Shady Grove Medical Center
dba Adventist Healthcare Shady Grove Medical Center ·
Rockville, Montgomery County, MD
· CCN 210057
Licensed to Adventist Healthcare, Inc.
Composite
30.1
rank score
Distress
9
FY2023
Fit
65
vs thesis
Estimated ticket
$198M–$794M
397 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- margin slipping
- 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 · FY2023
| Net patient revenue | $456M |
| Operating margin | 0.2% |
| Total margin | 6.6% |
| Days cash on hand | 258 |
| Current ratio | 4.03 |
| Occupancy | 73% |
Facility
| Beds | 397 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 360 | $416M | $33.6M | -1.2% | 7.4% | 284 | 4.61 | 80% | 19,857 | 16 |
| 2021 | 360 | $431M | $31.6M | -2.4% | 6.7% | 292 | 2.93 | 84% | 20,399 | 16 |
| 2022 | 381 | $447M | $8.3M | -3.8% | 1.7% | 220 | 3.80 | 77% | 19,852 | 19 |
| 2023 | 397 | $456M | $31.9M | 0.2% | 6.6% | 258 | 4.03 | 73% | 20,335 | 9 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adventist Healthcare, Inc. | operational/managerial control | 2003-12 | ||
| Kristen Pulio | corporate officer | 2020-06 | ||
| Kristen Pulio | w-2 managing employee | 2020-06 | ||
| Terry Forde | corporate officer | 2014-04 | ||
| Terry Forde | corporate director | 2014-04 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2018-08-01 | acquisition/merger | Adventist Healthcare, Inc. | Adventist Healthcare, 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 |