Fort Washington Medical Center
Fort Washington, Prince Georges County, MD
· CCN 210060
Licensed to Adventist Healthcare Fort Washington Medical Center Inc
Composite
62.3
rank score
Distress
78
FY2023
Fit
68
vs thesis
Estimated ticket
$11.9M–$47.6M
34 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 70% of assets
- margin deteriorating
- urban — higher occupancy and iteration surface
- small but workable bed count
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $57.1M |
| Operating margin | -10.5% |
| Total margin | -4.6% |
| Days cash on hand | 0 |
| Current ratio | 0.18 |
| Occupancy | 73% |
Facility
| Beds | 34 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | 28 | $8.8M | $388K | 2.8% | 4.4% | 64 | 0.99 | 59% | 277 | 21 |
| 2020 | 28 | $47.0M | $172K | -8.8% | 0.3% | 70 | 1.13 | 62% | 1,485 | 43 |
| 2021 | 28 | $55.3M | $638K | -11.3% | 1.0% | 12 | 0.46 | 84% | 1,734 | 71 |
| 2022 | 30 | $57.1M | $-2.9M | -12.0% | -4.8% | 0 | 0.22 | 81% | 2,321 | 80 |
| 2023 | 34 | $57.1M | $-2.8M | -10.5% | -4.6% | 0 | 0.18 | 73% | 2,233 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adventist Healthcare, Inc. | 5% or greater direct ownership interest | 100 | 2019-10 | |
| Pamela Mcclain | w-2 managing employee | 50 | 2024-10 | |
| Kevin Cargill | corporate officer | 5 | 2025-01 | |
| Okezue Nwachuku | 5% or greater indirect ownership interest | 5 | 2025-01 | |
| Pamela Mcclain | 5% or greater indirect ownership interest | 5 | 2024-10 | |
| John Sackett | corporate officer | 2019-10 | ||
| Okezue Nwachuku | w-2 managing employee | 2025-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-10-27 | change of ownership | Adventist Healthcare Fort... | Fort Washington Medical Center 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 |