University Medical Center
Las Vegas, Clark County, NV
· CCN 290007
Licensed to University Medical Center Of Southern Nevada
Composite
17.4
rank score
Distress
45
FY2024
Fit
58
vs thesis
Estimated ticket
$259M–$1.0B
518 beds ·
over envelope
Ownership
government
STH
Why it ranks here
- operating margin negative
- total margin negative
- 90-150 days cash on hand
- liabilities exceed assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $960M |
| Operating margin | -4.2% |
| Total margin | -1.3% |
| Days cash on hand | 92 |
| Current ratio | 2.93 |
| Occupancy | 74% |
Facility
| Beds | 518 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| 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 | 508 | $770M | $61.6M | -5.2% | 7.1% | 101 | 3.48 | 70% | 19,674 | 38 |
| 2022 | 514 | $791M | $77.8M | 3.4% | 9.2% | 128 | 3.36 | 83% | 21,901 | 16 |
| 2023 | 537 | $849M | $36.6M | -1.5% | 4.1% | 51 | 3.41 | 82% | 24,871 | 43 |
| 2024 | 518 | $960M | $-12.9M | -4.2% | -1.3% | 92 | 2.93 | 74% | 23,276 | 45 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Clark County Comptrollers Office | 5% or greater direct ownership interest | 100 | 1966-01 | |
| William Van Houwelling | w-2 managing employee | 2014-04 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.