Salem Hospital
Salem, Marion County, OR
· CCN 380051
Licensed to Salem Health
Composite
53.7
rank score
Distress
66
FY2024
Fit
60
vs thesis
Estimated ticket
$45.6M–$91.3M
537 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
- margin deteriorating sharply
- rural — cheaper but limited density
- very large — likely out of range
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $936M |
| Operating margin | -25.8% |
| Total margin | -4.9% |
| Days cash on hand | 7 |
| Current ratio | 5.00 |
| Occupancy | 62% |
Facility
| Beds | 537 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 453 | $780M | $13.6M | -13.8% | 1.5% | 14 | 6.65 | 74% | 22,931 | 53 |
| 2022 | 453 | $837M | $-54.5M | -20.6% | -5.7% | 6 | 6.72 | 81% | 22,583 | 62 |
| 2023 | 520 | $843M | $-80.5M | -26.2% | -8.2% | 12 | 1.81 | 62% | 19,698 | 67 |
| 2024 | 537 | $936M | $-55.5M | -25.8% | -4.9% | 7 | 5.00 | 62% | 24,188 | 66 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Salem Health Hospitals And Clinics | 5% or greater direct ownership interest | 100 | 2007-12 | |
| Alan Wynn | corporate director | 2005-10 | ||
| Angelica Vega | corporate director | 2022-01 | ||
| Camille Mercier | corporate director | 2025-05 | ||
| Carla Reilly | w-2 managing employee | 2023-01 | ||
| James Parr | corporate officer | 2014-11 | ||
| James Parr | w-2 managing employee | 2014-11 | ||
| Jennifer Columbus | corporate director | 2020-01 | ||
| John Combes | corporate director | 2016-01 | ||
| Katherine Keene | corporate director | 1996-10 | ||
| Lane Shetterly | corporate director | 2009-10 | ||
| Lee Sacks | corporate director | 2024-09 | ||
| Mark Zook | corporate director | 2020-01 | ||
| Phillip Jackson | corporate director | 2018-01 | ||
| Ricardo Linares | corporate director | 2017-01 | ||
| Robert Kelly | corporate director | 2014-10 | ||
| Salem Health Hospitals And Clinics | operational/managerial control | 2007-12 | ||
| Theresa Haskins | corporate director | 2005-10 |
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 |