Tillamook Regional Medical Center
dba Adventist Health Tillamook ·
Tillamook, Tillamook County, OR
· CCN 381317
Licensed to Northwest Medical Foundation Of Tillamook
Composite
20.2
rank score
Distress
5
FY2023
Fit
45
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- occupancy 30-45%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $112M |
| Operating margin | 4.2% |
| Total margin | 12.1% |
| Days cash on hand | 237 |
| Current ratio | 6.46 |
| Occupancy | 41% |
Facility
| Beds | 25 |
| Facility type | CAH |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $89.3M | $7.4M | -4.1% | 7.4% | 246 | 4.75 | 45% | 1,116 | 21 |
| 2021 | 25 | $96.0M | $9.5M | 3.5% | 9.3% | 247 | 4.60 | 48% | 1,026 | 2 |
| 2022 | 25 | $107M | $5.4M | 3.1% | 4.9% | 195 | 5.79 | 46% | 941 | 2 |
| 2023 | 25 | $112M | $14.8M | 4.2% | 12.1% | 237 | 6.46 | 41% | 925 | 5 |
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 | ||
| Eric Swanson | corporate officer | 2019-09 | ||
| Eric Swanson | w-2 managing employee | 2019-09 | ||
| Jack Wagner | corporate director | 2022-12 | ||
| 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 | ||
| Larry Innocent | corporate director | 2011-09 | ||
| Marc Woodson | corporate director | 2019-01 | ||
| Meredith Jobe | corporate officer | 2014-03 | ||
| Micah Smith | corporate officer | 2017-10 | ||
| Micah Smith | w-2 managing employee | 2017-10 | ||
| Regina Seufert | corporate officer | 2017-07 | ||
| Regina Seufert | w-2 managing employee | 2017-07 | ||
| 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.