Prov Regl Med Center Everett
dba Prov Regional Med Ctr Everett ·
Everett, Snohomish County, WA
· CCN 500014
Licensed to Providence Health & Services-Wa
Composite
21.7
rank score
Distress
65
FY2023
Fit
62
vs thesis
Estimated ticket
$234M–$937M
551 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 30-60 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $833M |
| Operating margin | -18.8% |
| Total margin | -15.0% |
| Days cash on hand | 44 |
| Current ratio | 5.19 |
| Occupancy | 86% |
Facility
| Beds | 551 |
| 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 | 495 | $740M | $-2.5M | -7.7% | -0.3% | 0 | 0.84 | 84% | 27,360 | 69 |
| 2021 | 519 | $825M | $-78.9M | -14.4% | -9.1% | 0 | 1.43 | 93% | 28,367 | 74 |
| 2022 | 548 | $825M | $-140M | -19.6% | -16.5% | 20 | 2.68 | 91% | 26,316 | 67 |
| 2023 | 551 | $833M | $-129M | -18.8% | -15.0% | 44 | 5.19 | 86% | 25,602 | 65 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Providence Health & Services - Washington | 5% or greater direct ownership interest | 100 | 2012-01 | |
| Providence Health & Services - Washington | operational/managerial control | 100 | 2012-01 | |
| Anna Newsom | corporate officer | 2022-05 | ||
| Charles Sorenson | corporate director | 2019-01 | ||
| Darryl Elmouchi | corporate officer | 2025-04 | ||
| Diane Hejna | corporate director | 2016-07 | ||
| Donald Anderson | corporate officer | 2017-01 | ||
| Donna Markham | corporate director | 2024-01 | ||
| Eric Sprunk | corporate director | 2022-01 | ||
| Gregory Hoffman | corporate officer | 2020-10 | ||
| Isiaah Crawford | corporate director | 2012-02 | ||
| James Martin | corporate officer | 2023-01 | ||
| Karin Dufault | corporate director | 2025-01 | ||
| Kristy Carrington | w-2 managing employee | 2022-11 | ||
| Linda Buck | corporate director | 2025-01 | ||
| Marvin O'quinn | corporate director | 2024-01 | ||
| Mary Beth Kingston | corporate director | 2022-09 | ||
| Mary Lyons | corporate director | 2016-07 | ||
| Michael Murphy | corporate director | 2020-01 | ||
| Phyllis Hughes | corporate director | 2014-01 | ||
| Providence Health & Services | other | 2016-07 | ||
| Providence St. Joseph Health | other | 2016-07 | ||
| Richard Blair | corporate director | 2016-07 | ||
| Rogelio Riojas | corporate director | 2025-01 | ||
| Scott Combs | w-2 managing employee | 2018-04 |
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 WA
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 |
|---|---|---|---|---|
| 2023-07-01 | Central Washington Health Services... | Wenatchee Valley Hospital | Confluence Health | 187 |
| 2021-12-05 | Multicare Health System | Columbia Capital Medical Center Lp | Capital Medical Center | 107 |
| 2020-01-01 | University Of Washington | Uw Medicine Northwest | University Of Washington Med Ctr | 617 |
| 2018-08-04 | Rcch Trios Health Llc | Kennewick Public Hospital District | Trios Health | 111 |
| 2016-06-01 | Public Hospital Dist No 1 Skagit | Public Hospital District 3 Snohomish County | Cascade Valley Hospital | 48 |