St Marys Regional Medical Center
dba Saint Mary's Regional Medical Center ·
Reno, Washoe County, NV
· CCN 290009
Licensed to Prime Healthcare Services - Reno Llc
Composite
67.3
rank score
Distress
90
FY2023
Fit
67
vs thesis
Estimated ticket
$125M–$498M
356 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size at the top of the envelope — would need leverage
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $179M |
| Operating margin | -13.6% |
| Total margin | -10.8% |
| Days cash on hand | 0 |
| Current ratio | -1.00 |
| Occupancy | 22% |
Facility
| Beds | 356 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 352 | $284M | $10.9M | 1.5% | 3.7% | 6 | 2.00 | 49% | 11,510 | 36 |
| 2021 | 356 | $294M | $24.2M | 3.6% | 7.9% | 8 | 1.47 | 49% | 11,341 | 28 |
| 2022 | 356 | $220M | $-54.0M | -26.7% | -24.1% | 4 | 3.57 | 45% | 9,870 | 73 |
| 2023 | 356 | $179M | $-19.7M | -13.6% | -10.8% | 0 | -1.00 | 22% | 7,077 | 90 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Prime Healthcare Services, Inc | 5% or greater direct ownership interest | 100 | 2012-07 | |
| Barbara Campbell | corporate director | 2014-01 | ||
| Barbara Curti | corporate director | 2014-01 | ||
| Christopher Doan | corporate officer | 2017-07 | ||
| Deborah Day | corporate director | 2014-01 | ||
| Dennis Yamamoto | corporate director | 2014-01 | ||
| Jennifer Wilson | corporate director | 2014-01 | ||
| Luis Leon | corporate officer | 2012-07 | ||
| Prime Healthcare Services, Inc | other | 2012-04 | ||
| Richard Bryan | corporate director | 2014-01 | ||
| Steven Aleman | other | 2020-06 | ||
| Tiffany Coury | corporate officer | 2020-01 | ||
| Tiffany Coury | corporate director | 2020-01 | ||
| Tiffany Coury | w-2 managing employee | 2020-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.