Summerlin Hospital Medical Center
Las Vegas, NV
· CCN 290041
Licensed to Summerlin Hospital Medical Center L L C
Composite
15.7
rank score
Distress
26
FY2023
Fit
64
vs thesis
Estimated ticket
$208M–$832M
416 beds ·
over envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- margin deteriorating
- 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
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $443M |
| Operating margin | 15.2% |
| Total margin | 16.3% |
| Days cash on hand | 0 |
| Current ratio | 3.20 |
| Occupancy | 72% |
Facility
| Beds | 416 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 397 | $417M | $88.7M | 17.8% | 20.6% | 0 | 1.58 | 75% | 20,585 | 22 |
| 2021 | 407 | $465M | $106M | 21.5% | 22.5% | 0 | 2.69 | 81% | 22,461 | 22 |
| 2022 | 391 | $450M | $81.8M | 16.9% | 18.0% | 0 | 2.69 | 84% | 22,386 | 22 |
| 2023 | 416 | $443M | $73.3M | 15.2% | 16.3% | 0 | 3.20 | 72% | 23,214 | 26 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Ramagano | corporate officer | 100 | 2008-01 | |
| Edward Sim | corporate officer | 100 | 2022-12 | |
| Edward Sim | operational/managerial control | 100 | 2022-12 | |
| George Brunner | corporate officer | 100 | 2008-01 | |
| Katharine Lyver | corporate officer | 100 | 2024-01 | |
| Matthew Klein | corporate officer | 100 | 2010-01 | |
| Robert Freymuller | corporate officer | 100 | 2008-11 | |
| Steve Filton | corporate officer | 100 | 2008-01 | |
| Steve Filton | operational/managerial control | 100 | 2008-01 | |
| Uhs Of Delaware Inc | operational/managerial control | 100 | 2008-01 | chain |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 100 | 2008-01 | |
| Uhs Holding Company, Inc. | general partnership interest | 93 | 2008-01 | |
| Alan Miller | 5% or greater indirect ownership interest | 87 | 2023-03 | |
| Summerlin Hospital Medical Center Lp | 5% or greater direct ownership interest | 74 | 2008-01 | |
| Summerlin Hospital Medical Center Lp | limited partnership interest | 74 | 2008-01 | |
| James Coleman | contracted managing employee | 50 | 2008-01 | |
| Edward Sim | corporate director | 33 | 2022-12 | |
| Matthew Klein | corporate director | 33 | 2010-01 | |
| Steve Filton | corporate director | 33 | 2008-01 | |
| Uhs Holding Company, Inc. | 5% or greater direct ownership interest | 26 | 2008-01 | |
| The Howard Research And Development Corporation | 5% or greater indirect ownership interest | 7 | 2008-01 | |
| The Howard Research And Development Corporation | limited partnership interest | 7 | 2008-01 | |
| Timothy Breslin | contracted managing employee | 2020-10 | ||
| Timothy Breslin | corporate officer | 2020-10 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.