Silverton Hospital
dba Legacy Silverton Medical Center ·
Silverton, Marion County, OR
· CCN 380029
Licensed to Silverton Health
Composite
59.6
rank score
Distress
72
FY2024
Fit
68
vs thesis
Estimated ticket
$10.2M–$40.6M
29 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
- liabilities exceed assets
- margin deteriorating
- urban — higher occupancy and iteration surface
- small but workable bed count
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $126M |
| Operating margin | -11.2% |
| Total margin | -5.5% |
| Days cash on hand | 0 |
| Current ratio | 1.59 |
| Occupancy | 65% |
Facility
| Beds | 29 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 29 | $88.2M | $-1.6M | -20.3% | -1.5% | 0 | 0.91 | 58% | 2,033 | 69 |
| 2022 | 29 | $110M | $-2.6M | -9.6% | -2.2% | 0 | 1.03 | 71% | 2,140 | 56 |
| 2023 | 29 | $118M | $-12.0M | -16.1% | -9.5% | 0 | 1.76 | 73% | 2,233 | 78 |
| 2024 | 29 | $126M | $-7.4M | -11.2% | -5.5% | 0 | 1.59 | 65% | 2,214 | 72 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Carolyn Coggins | corporate director | 2025-09 | ||
| Charles Wilhoite | corporate director | 2015-09 | ||
| Craig Armstrong | corporate director | 2023-09 | ||
| David Ramus | corporate director | 2018-06 | ||
| Edgar Navas | corporate director | 2020-06 | ||
| Gayle Goschie | corporate director | 2007-11 | ||
| George Brown | corporate director | 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 | 2016-06 | ||
| Leslie Root | corporate director | 2012-01 | ||
| 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 | 2017-06 | ||
| Sarah Jensen | w-2 managing employee | 2017-06 | ||
| Teresa Handy | corporate officer | 2012-02 | ||
| Teresa Handy | w-2 managing employee | 2012-02 |
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 |