Shmc-Riverbend
dba Sacred Heart Medical Center Riverbend ·
Springfield, Lane County, OR
· CCN 380102
Licensed to Peacehealth
Already transacted. CMS recorded an ownership change effective
2023-12-15. Confirm the current owner before spending a call on this.
Composite
17.1
rank score
Distress
47
FY2024
Fit
65
vs thesis
Estimated ticket
$177M–$708M
354 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin negative
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size well above the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
- changed ownership 2023-12-15 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $945M |
| Operating margin | -0.1% |
| Total margin | -2.8% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 76% |
Facility
| Beds | 354 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 385 | $768M | $13.7M | 1.2% | 1.8% | — | — | 74% | 24,746 | 19 |
| 2022 | 385 | $808M | $-48.2M | -6.6% | -5.9% | — | — | 80% | 25,810 | 65 |
| 2023 | 385 | $861M | $-19.9M | -2.1% | -2.3% | — | — | 76% | 23,261 | 44 |
| 2024 | 354 | $945M | $-25.7M | -0.1% | -2.8% | — | — | 76% | 23,893 | 47 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Peacehealth | 5% or greater direct ownership interest | 100 | 2008-04 | chain |
| Andrea Nenzel | corporate director | 2015-07 | ||
| Arthur Springer Ii | corporate officer | 2025-11 | ||
| Carolyn Aaron | corporate director | 2021-01 | ||
| Charlotte Davenport | corporate director | 2016-07 | ||
| Danny Hollingshead | corporate director | 2017-06 | ||
| Donna King | corporate director | 2019-07 | ||
| Ione Adams | corporate director | 2024-07 | ||
| Karl Carrier | corporate director | 2016-07 | ||
| Kathleen Pruitt | corporate director | 2015-07 | ||
| Leonard Kearney | corporate director | 2011-01 | ||
| Linda Jackson | corporate director | 2023-07 | ||
| Linda Jackson | w-2 managing employee | 2023-07 | ||
| Lorraine Arvin | corporate director | 2024-07 | ||
| Mary Mcwilliams | corporate director | 2021-09 | ||
| Richard Magnuson | corporate officer | 2025-06 | ||
| Richard Wollenberg | corporate director | 2014-01 | ||
| Sarah Ness | corporate officer | 2026-01 | ||
| Sheila Lemieux | corporate director | 2024-09 | ||
| Thomas Karnes | corporate officer | 2023-01 | ||
| Timothy Ackman | corporate director | 2017-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2023-12-15 | acquisition/merger | Peacehealth | Peacehealth |
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 |