Renown Regional Medical Center
Reno, Washoe County, NV
· CCN 290001
Licensed to Renown Regional Medical Center
Composite
15.6
rank score
Distress
28
FY2023
Fit
61
vs thesis
Estimated ticket
$296M–$1.2B
592 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- 30-60 days cash on hand
- current ratio under 1.5
- liabilities exceed assets
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $1.1B |
| Operating margin | 3.0% |
| Total margin | 5.6% |
| Days cash on hand | 31 |
| Current ratio | 1.12 |
| Occupancy | 81% |
Facility
| Beds | 592 |
| 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 | 650 | $862M | $12.1M | 0.1% | 1.4% | 100 | 2.01 | 78% | 29,301 | 19 |
| 2022 | 509 | $867M | $-25.4M | -6.9% | -2.8% | 55 | 2.31 | 84% | 25,693 | 54 |
| 2023 | 592 | $1.1B | $63.5M | 3.0% | 5.6% | 31 | 1.12 | 81% | 33,570 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adam Kramer | corporate director | 2017-08 | ||
| Anna Loomis | corporate officer | 2024-07 | ||
| Anna Loomis | w-2 managing employee | 2024-07 | ||
| Bijel Doshi | corporate director | 2022-01 | ||
| Brett Moore | corporate officer | 2021-07 | ||
| Brett Moore | w-2 managing employee | 2021-07 | ||
| Brian Erling | corporate officer | 2022-11 | ||
| Brian Erling | corporate director | 2022-11 | ||
| Brian Sandoval | corporate director | 2022-01 | ||
| Christopher Nicholas | corporate officer | 2022-07 | ||
| Christopher Nicholas | w-2 managing employee | 2022-07 | ||
| Jeffrey Resnik | corporate director | 2013-01 | ||
| Marc Mora | corporate director | 2020-01 | ||
| Renown Health | 5% or greater direct ownership interest | 2006-10 | chain | |
| Stephanie Lepori | corporate director | 2023-04 | ||
| Tamara Dermody | corporate director | 2019-01 | ||
| Thomas Deveny | corporate officer | 2017-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.