Multicare Auburn Medical Center
Auburn, King County, WA
· CCN 500015
Licensed to Multicare Health System
Composite
64.0
rank score
Distress
66
FY2023
Fit
86
vs thesis
Estimated ticket
$35.7M–$143M
84 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- current ratio under 1.5
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $222M |
| Operating margin | -18.2% |
| Total margin | -13.2% |
| Days cash on hand | — |
| Current ratio | 1.26 |
| Occupancy | 99% |
Facility
| Beds | 84 |
| 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 | 76 | $191M | $-4.8M | -5.6% | -2.4% | — | -232.33 | 99% | 5,417 | 56 |
| 2021 | 73 | $213M | $-7.4M | -11.1% | -3.2% | — | -60.38 | 100% | 6,000 | 69 |
| 2022 | 84 | $215M | $-42.6M | -21.1% | -19.6% | — | -61.30 | 100% | 6,697 | 74 |
| 2023 | 84 | $222M | $-30.5M | -18.2% | -13.2% | — | 1.26 | 99% | 6,805 | 66 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Multicare Health System | 5% or greater direct ownership interest | 100 | 2012-10 | |
| Deedee Walkey | corporate director | 2010-04 | ||
| Florence Chang | corporate officer | 2015-01 | ||
| Florence Chang | w-2 managing employee | 2015-01 | ||
| Frank Tombari | corporate director | 2022-01 | ||
| James Lee | corporate officer | 2022-06 | ||
| James Lee | w-2 managing employee | 2022-06 | ||
| Janine Terrano | corporate director | 2014-12 | ||
| Joanna Monroe | corporate director | 2019-01 | ||
| John Wiborg | corporate director | 2001-04 | ||
| Leslie Sowell | corporate director | 2010-04 | ||
| Robert Yost | corporate director | 2006-09 | ||
| Robin Thomashauer | corporate director | 2020-11 | ||
| Sally Leighton | corporate director | 2001-04 | ||
| Tara Perry | corporate director | 2021-08 | ||
| Tariq Salam | w-2 managing employee | 2020-11 | ||
| William Robertson | corporate officer | 2014-12 | ||
| William Robertson | w-2 managing employee | 2014-12 |
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 |