Ashland Community Hospital
Ashland, Jackson County, OR
· CCN 380005
Licensed to Asante Ashland Community Hospital Llc
Composite
44.0
rank score
Distress
39
FY2023
Fit
66
vs thesis
Estimated ticket
$20.5M–$82.0M
41 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- under 30 days cash on hand
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- small but workable bed count
- ticket size somewhat below the envelope
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $66.3M |
| Operating margin | -1.9% |
| Total margin | 4.7% |
| Days cash on hand | 0 |
| Current ratio | 5.02 |
| Occupancy | 43% |
Facility
| Beds | 41 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 43 | $55.5M | $2.4M | -8.2% | 3.8% | 0 | 0.79 | 26% | 1,189 | 67 |
| 2021 | 36 | $72.5M | $15.4M | 1.5% | 17.7% | 0 | 1.99 | 57% | 1,645 | 31 |
| 2022 | 36 | $74.8M | $5.7M | -5.3% | 6.7% | 0 | 4.88 | 63% | 1,842 | 44 |
| 2023 | 41 | $66.3M | $3.3M | -1.9% | 4.7% | 0 | 5.02 | 43% | 1,527 | 39 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Asante | 5% or greater direct ownership interest | 100 | 2017-02 | |
| Asante | operational/managerial control | 100 | 2017-02 | |
| Andrew Porter | w-2 managing employee | 2022-05 | ||
| Brian Gross | corporate director | 2020-01 | ||
| Carl Christlieb | corporate director | 2022-01 | ||
| Christina Medina | corporate director | 2022-01 | ||
| Heather Rowenhorst | corporate officer | 2023-05 | ||
| Joan Mcbee | corporate director | 2024-01 | ||
| Kate Lasky | corporate director | 2022-01 | ||
| Patricia Wintemute | corporate director | 2022-10 | ||
| Peter Angstadt | corporate director | 2015-01 | ||
| Stephen Gambee | corporate director | 2020-01 | ||
| Stephen Roe | corporate director | 2023-07 | ||
| Suzin Hagar | corporate director | 2022-01 | ||
| Thomas Gessel | corporate officer | 2023-09 | ||
| Thomas Walker | corporate director | 2024-01 | ||
| Winford Howard | corporate officer | 2023-04 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2018-05-01 | change of ownership | Asante Ashland Community Hospital Llc | Ashland Community Healthcare Services |
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 |