Legacy Mount Hood Medical Center
Gresham, Multnomah County, OR
· CCN 380025
Licensed to Legacy Mount Hood Medical Center
Composite
56.9
rank score
Distress
57
FY2024
Fit
78
vs thesis
Estimated ticket
$42.1M–$168M
99 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- margin deteriorating
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $197M |
| Operating margin | -9.2% |
| Total margin | -5.0% |
| Days cash on hand | 0 |
| Current ratio | 2.28 |
| Occupancy | 63% |
Facility
| Beds | 99 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 96 | $153M | $-2.8M | -5.6% | -1.8% | 0 | 0.80 | 58% | 4,852 | 68 |
| 2022 | 99 | $185M | $5.4M | -1.6% | 2.8% | 0 | 1.10 | 69% | 4,820 | 41 |
| 2023 | 99 | $197M | $-12.0M | -10.2% | -5.8% | 0 | 1.90 | 75% | 5,213 | 62 |
| 2024 | 99 | $197M | $-10.3M | -9.2% | -5.0% | 0 | 2.28 | 63% | 4,964 | 57 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Carolyn Coggins | corporate director | 2025-09 | ||
| Charles Wilhoite | corporate director | 2017-06 | ||
| Craig Armstrong | corporate director | 2023-09 | ||
| David Ramus | corporate director | 2015-01 | ||
| Edgar Navas | corporate director | 2020-06 | ||
| Gayle Goschie | corporate director | 2016-06 | ||
| George Brown | corporate officer | 2024-06 | ||
| Jack Friedman | corporate director | 2018-06 | ||
| Jeffrey Barber | corporate director | 2013-07 | ||
| Jerry Petty | corporate director | 2018-06 | ||
| Joseph Frankhouse | corporate director | 2023-06 | ||
| Legacy Health | operational/managerial control | 2007-11 | ||
| Leslie Root | corporate director | 2013-07 | ||
| Lisa Freedman | corporate director | 2019-06 | ||
| Lynn Gust | corporate director | 2017-06 | ||
| Nancy Horton | corporate director | 2019-06 | ||
| Nancy Locke | corporate director | 2016-06 | ||
| Nasreen Ilias-Khan | corporate director | 2021-05 | ||
| Nathalie Johnson | corporate director | 2023-06 | ||
| Richard Reiten | corporate director | 2013-07 | ||
| Samir Desai | corporate director | 2017-06 | ||
| Sarah Jensen | corporate officer | 2017-05 | ||
| Sarah Jensen | w-2 managing employee | 2015-10 | ||
| Teresa Handy | w-2 managing employee | 2012-03 |
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 |