Holy Cross Germantown Hospital
Germantown, Montgomery County, MD
· CCN 210065
Licensed to Holy Cross Health, Inc.
Composite
53.8
rank score
Distress
46
FY2024
Fit
78
vs thesis
Estimated ticket
$39.0M–$156M
78 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- 60-90 days cash on hand
- debt above 85% of assets
- margin slipping
- part of a multi-hospital chain — divestiture candidate
- 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 | $144M |
| Operating margin | -6.1% |
| Total margin | -1.4% |
| Days cash on hand | 87 |
| Current ratio | 1.52 |
| Occupancy | 95% |
Facility
| Beds | 78 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 78 | $121M | $-952K | -5.9% | -0.7% | 410 | 0.42 | 87% | 5,538 | 54 |
| 2022 | 78 | $130M | $-7.9M | -6.8% | -6.0% | 585 | 0.52 | 90% | 5,574 | 59 |
| 2023 | 78 | $127M | $-31.4M | -29.6% | -23.6% | 60 | 10.42 | 97% | 6,074 | 54 |
| 2024 | 78 | $144M | $-2.1M | -6.1% | -1.4% | 87 | 1.52 | 95% | 6,464 | 46 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Trinity Health Corporation | 5% or greater indirect ownership interest | 100 | 2014-07 | chain |
| Ajay Gupta | corporate officer | 2026-01 | ||
| Ajay Gupta | corporate director | 2018-01 | ||
| Andre Boyd | corporate officer | 2025-01 | ||
| Andre Boyd | corporate director | 2025-01 | ||
| Barbara Buckley | corporate director | 2025-01 | ||
| Carmen Larsen | corporate director | 2025-01 | ||
| Catherine Mikus | corporate officer | 2025-01 | ||
| Geraldine Hoyler | corporate director | 2026-01 | ||
| Hiral Fontanilla | corporate director | 2025-01 | ||
| Jacqueline Watson | corporate director | 2020-01 | ||
| James Monihan | corporate director | 2025-01 | ||
| Julie Keese | corporate officer | 2025-07 | ||
| Julie Keese | w-2 managing employee | 2017-02 | ||
| Julie Washington | corporate director | 2025-01 | ||
| Ketty Taboada | corporate director | 2026-03 | ||
| Ketty Taboada | w-2 managing employee | 2026-03 | ||
| Larry Warren | corporate director | 2024-01 | ||
| Marianne Grace | corporate director | 2025-01 | ||
| Michelle Calope | corporate director | 2025-01 | ||
| Robin Madden | corporate director | 2019-01 | ||
| Sandra Kweder | corporate director | 2024-01 | ||
| Shaila Kapur | corporate director | 2025-01 | ||
| Stuart Kilpinen | operational/managerial control | 2023-06 | ||
| Vincent Gordon | corporate officer | 2026-01 |
Showing 25 of 26. Full list via /api/targets/210065.
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 |