Mckenzie-Willamette Hospital
dba Mckenzie-Willamette Medical Center ·
Springfield, Lane County, OR
· CCN 380020
Licensed to Mckenzie-Willamette Regional Medical Center Associates Llc
Composite
63.6
rank score
Distress
72
FY2023
Fit
78
vs thesis
Estimated ticket
$39.5M–$158M
113 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $255M |
| Operating margin | -1.3% |
| Total margin | -0.9% |
| Days cash on hand | 0 |
| Current ratio | 0.26 |
| Occupancy | 59% |
Facility
| Beds | 113 |
| 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 | 113 | $230M | $11.7M | 0.6% | 4.9% | 0 | 0.24 | 66% | 8,059 | 50 |
| 2021 | 113 | $248M | $7.1M | 0.1% | 2.8% | 0 | 0.26 | 72% | 7,942 | 50 |
| 2022 | 113 | $248M | $-5.4M | -2.6% | -2.2% | 0 | 0.27 | 72% | 7,506 | 67 |
| 2023 | 113 | $255M | $-2.4M | -1.3% | -0.9% | 0 | 0.26 | 59% | 7,710 | 72 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Goldentree Distressed Master Fund Iii Ltd | 5% or greater indirect ownership interest | 100 | 2020-07 | |
| Quincy Health Llc | 5% or greater indirect ownership interest | 100 | 2020-07 | |
| Quorum Health Corporation | 5% or greater indirect ownership interest | 100 | 2016-04 | |
| Quorum Health Investment Company Llc | 5% or greater indirect ownership interest | 99 | 2015-12 | |
| Mwmc Holdings Llc | 5% or greater direct ownership interest | 96 | 2013-10 | |
| Goldentree Select Offshore Intermediate Fund Lp | 5% or greater indirect ownership interest | 82 | 2020-07 | |
| Gtam Onshore Blocker 2 Llc | 5% or greater indirect ownership interest | 19 | 2023-12 | |
| Goldentree Distressed Onshore Master Fund Iii Lp | 5% or greater indirect ownership interest | 13 | 2020-08 | |
| Christopher Harrison | corporate officer | 2025-04 | ||
| Christopher Harrison | corporate director | 2025-04 | ||
| Donald Esposito | corporate officer | 2021-09 | ||
| Donald Esposito | corporate director | 2021-09 | ||
| Henry Kunath | corporate officer | 2023-09 | ||
| Henry Kunath | corporate director | 2023-09 | ||
| Laura Fey | corporate director | 2018-08 | ||
| Laura Fey | w-2 managing employee | 2018-08 | ||
| Steven Frantz | corporate director | 2022-08 |
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 |