Adventist Medical Center-Portland
dba Adventist Health Portland ·
Portland, Multnomah County, OR
· CCN 380060
Licensed to Portland Adventist Medical Center
Composite
53.4
rank score
Distress
52
FY2023
Fit
75
vs thesis
Estimated ticket
$71.4M–$286M
168 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- 30-60 days cash on hand
- occupancy 45-60%
- margin slipping
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $354M |
| Operating margin | -11.9% |
| Total margin | -0.4% |
| Days cash on hand | 40 |
| Current ratio | 2.35 |
| Occupancy | 55% |
Facility
| Beds | 168 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 168 | $285M | $4.3M | -13.1% | 1.3% | 191 | 4.07 | 47% | 7,680 | 33 |
| 2021 | 168 | $318M | $1.8M | -7.5% | 0.5% | 158 | 2.89 | 51% | 7,485 | 28 |
| 2022 | 168 | $324M | $-22.6M | -14.1% | -6.5% | 85 | 2.32 | 58% | 7,684 | 52 |
| 2023 | 168 | $354M | $-1.6M | -11.9% | -0.4% | 40 | 2.35 | 55% | 7,499 | 52 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adventist Health System/west | operational/managerial control | 100 | 1980-06 | |
| Andrew Davis | corporate director | 2017-05 | ||
| Ann Beckett | corporate director | 2024-01 | ||
| Bradford Newton | corporate director | 2021-08 | ||
| Eric Stevens | corporate officer | 2025-03 | ||
| Jack Wagner | corporate director | 2022-12 | ||
| Jason Panasuk | corporate officer | 2022-11 | ||
| Jason Panasuk | w-2 managing employee | 2022-11 | ||
| John Cress | corporate director | 2024-10 | ||
| John Freedman | corporate director | 2016-09 | ||
| Jonathan Daggett | corporate director | 2024-01 | ||
| Joy Fehr | corporate director | 2020-10 | ||
| Kenneth Jutzy | corporate director | 2024-01 | ||
| Kerry Heinrich | corporate officer | 2022-01 | ||
| Kerry Heinrich | corporate director | 2014-12 | ||
| Kyle King | corporate officer | 2020-10 | ||
| Kyle King | w-2 managing employee | 2020-10 | ||
| Larry Innocent | corporate director | 2011-09 | ||
| Marc Woodson | corporate director | 2019-01 | ||
| Meredith Jobe | corporate officer | 2014-03 | ||
| Richard Reiner | corporate director | 2017-01 | ||
| Robert Cherry | corporate director | 2017-05 |
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 |