Columbia Memorial Hospital
Astoria, Clatsop County, OR
· CCN 381320
Licensed to Columbia Lutheran Charities
Composite
34.4
rank score
Distress
32
FY2023
Fit
50
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $189M |
| Operating margin | 5.3% |
| Total margin | 13.9% |
| Days cash on hand | 9 |
| Current ratio | 1.55 |
| Occupancy | 49% |
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 | $145M | $34.8M | 9.8% | 21.1% | 62 | 2.40 | 53% | 1,522 | 12 |
| 2021 | 25 | $157M | $25.8M | 8.6% | 15.2% | 19 | 1.56 | 57% | 1,572 | 24 |
| 2022 | 25 | $166M | $2.0M | 5.2% | 1.1% | 11 | 1.60 | 53% | 1,423 | 28 |
| 2023 | 25 | $189M | $28.8M | 5.3% | 13.9% | 9 | 1.55 | 49% | 1,253 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Erik Thorsen | w-2 managing employee | 25 | 2007-11 | |
| Constance Waisanen | corporate director | 5 | 2009-03 | |
| David Nygaard | corporate director | 5 | 2016-12 | |
| Doug Kaup | corporate director | 5 | 2016-12 | |
| Heather Seppa | corporate director | 5 | 2007-11 | |
| James Heilman | corporate director | 5 | 2019-05 | |
| Jeanette Schacher | w-2 managing employee | 5 | 2016-12 | |
| Jeanette Schacher | operational/managerial control | 5 | 2016-12 | |
| Mark Smith | corporate director | 5 | 2013-12 | |
| Matthew Phillips | corporate director | 5 | 2020-11 | |
| Mike Autio | corporate director | 5 | 2018-04 | |
| Nancy Mcallister | corporate director | 5 | 1992-04 | |
| Patricia Danforth | corporate director | 5 | 2016-12 | |
| Paul Haines | corporate director | 5 | 2020-11 | |
| Quratulain Durrani | corporate director | 5 | 2022-08 | |
| Robert Holland | corporate director | 5 | 2013-12 | |
| William Landwehr | corporate director | 5 | 2009-01 | |
| Erik Thorsen | corporate officer | 2004-03 | ||
| Reanna Thomasson | w-2 managing employee | 2023-11 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.