Three Rivers Medical Center
Grants Pass, Josephine County, OR
· CCN 380002
Licensed to Asante Three Rivers Medical Center Llc
Composite
53.0
rank score
Distress
51
FY2023
Fit
75
vs thesis
Estimated ticket
$53.5M–$214M
126 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $276M |
| Operating margin | -1.1% |
| Total margin | 0.2% |
| Days cash on hand | 0 |
| Current ratio | -0.76 |
| Occupancy | 59% |
Facility
| Beds | 126 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 126 | $176M | $-1.4M | -6.4% | -0.8% | 0 | 1.42 | 52% | 6,755 | 58 |
| 2021 | 125 | $221M | $1.5M | -3.0% | 0.6% | 0 | 1.82 | 66% | 6,996 | 41 |
| 2022 | 142 | $253M | $-19.6M | -12.4% | -7.4% | 0 | -0.66 | 63% | 7,731 | 76 |
| 2023 | 126 | $276M | $499K | -1.1% | 0.2% | 0 | -0.76 | 59% | 8,090 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Asante | 5% or greater direct ownership interest | 100 | 2004-08 | |
| Asante | operational/managerial control | 100 | 2007-11 | |
| Angie Simonson | corporate officer | 2025-05 | ||
| Gary Laventure | w-2 managing employee | 2025-01 | ||
| Heather Rowenhorst | corporate officer | 2023-05 | ||
| Kaleigh Stetler | corporate officer | 2025-04 | ||
| Patricia Wintemute | corporate director | 2020-01 | ||
| Peter Angstadt | corporate director | 2015-01 | ||
| Stephen Roe | corporate director | 2023-07 | ||
| Thomas Gessel | corporate officer | 2023-09 | ||
| Thomas Walker | corporate director | 2024-01 |
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 OR
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 |
|---|---|---|---|---|
| 2023-12-15 | Peacehealth | Peacehealth | Shmc-Riverbend | 354 |
| 2018-05-01 | Asante Ashland Community Hospital Llc | Ashland Community Healthcare Services | Ashland Community Hospital | 41 |