Good Samaritan Hospital Corvallis
dba Good Samaritan Regional Medical Center ·
Corvallis, Benton County, OR
· CCN 380014
Licensed to Good Samaritan Hospital Corvallis
Composite
61.8
rank score
Distress
78
FY2023
Fit
62
vs thesis
Estimated ticket
$11.8M–$23.7M
169 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 70% of assets
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $499M |
| Operating margin | -20.4% |
| Total margin | -3.4% |
| Days cash on hand | 0 |
| Current ratio | -0.43 |
| Occupancy | 71% |
Facility
| Beds | 169 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 169 | $391M | $835K | -19.6% | 0.2% | 0 | 0.84 | 59% | 8,078 | 64 |
| 2021 | 169 | $430M | $6.0M | -15.9% | 1.2% | 0 | 0.61 | 64% | 8,080 | 67 |
| 2022 | 169 | $466M | $-25.7M | -20.9% | -4.8% | 0 | -0.23 | 69% | 7,944 | 76 |
| 2023 | 169 | $499M | $-19.9M | -20.4% | -3.4% | 0 | -0.43 | 71% | 8,282 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Samaritan Health Services Inc. | operational/managerial control | 100 | 1992-12 | chain |
| Abbe Montgomery | corporate director | 2021-01 | ||
| Becky Pape | corporate director | 2025-01 | ||
| David Marshall | corporate director | 2024-08 | ||
| Eric Thompson | corporate director | 2001-01 | ||
| Joseph Cahill | corporate officer | 2024-08 | ||
| Joseph Cahill | w-2 managing employee | 2024-08 | ||
| Josiah Johnson | corporate officer | 2024-12 | ||
| Josiah Johnson | w-2 managing employee | 2024-12 | ||
| Josiah Johnson | operational/managerial control | 2024-12 | ||
| Kelly Gallagher | corporate director | 2018-04 | ||
| Lyle Hutchens | corporate director | 2016-01 | ||
| Nancy Seifert | corporate officer | 2010-11 | ||
| Nancy Seifert | corporate director | 2010-11 | ||
| Richard Cronk | corporate officer | 1998-01 | ||
| Richard Cronk | corporate director | 1998-01 | ||
| Steve Uerlings | corporate director | 2013-04 | ||
| Surinder Vasdev | corporate director | 2024-08 | ||
| Tim Hennessy | corporate director | 2011-11 |
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 |