St Clare Hospital
Lakewood, WA
· CCN 500021
Licensed to Saint Clare Hospital
Composite
55.4
rank score
Distress
47
FY2024
Fit
86
vs thesis
Estimated ticket
$53.0M–$212M
106 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- under 30 days cash on hand
- 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 · FY2024
| Net patient revenue | $178M |
| Operating margin | -5.1% |
| Total margin | -1.6% |
| Days cash on hand | 0 |
| Current ratio | 1.76 |
| Occupancy | 81% |
Facility
| Beds | 106 |
| 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 | 106 | $146M | $-9.5M | -11.3% | -6.2% | 0 | 0.70 | 78% | 4,661 | 76 |
| 2022 | 106 | $149M | $-22.4M | -17.9% | -14.6% | 0 | 0.91 | 91% | 4,755 | 76 |
| 2023 | 106 | $147M | $-28.0M | -24.8% | -18.0% | 0 | 1.12 | 89% | 5,031 | 70 |
| 2024 | 106 | $178M | $-2.9M | -5.1% | -1.6% | 0 | 1.76 | 81% | 5,880 | 47 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Carolyn Corvi | corporate director | 2021-01 | ||
| Commonspirit Health | 5% or greater direct ownership interest | 2011-01 | ||
| Commonspirit Washington | 5% or greater direct ownership interest | 2011-01 | ||
| Commonspirit Washington | operational/managerial control | 2011-01 | ||
| David Butcherite | w-2 managing employee | 2004-07 | ||
| David Nosacka | corporate officer | 2021-07 | ||
| David Nosacka | w-2 managing employee | 2021-07 | ||
| Dennis Hunthausen | corporate director | 2012-07 | ||
| Diann Puls | corporate director | 2011-07 | ||
| Gregg Meyer | corporate director | 2021-01 | ||
| John Oppenheimer | corporate director | 2021-01 | ||
| Karen Lee | corporate director | 2021-01 | ||
| Ketul Patel | w-2 managing employee | 2015-02 | ||
| Marvin O'quinn | corporate director | 2021-01 | ||
| Michael Hoffman | corporate director | 2012-07 | ||
| Robert Carlile | corporate director | 2021-01 | ||
| Robert Lemon | corporate director | 2021-01 | ||
| Ruth Goodwin | corporate director | 2020-07 | ||
| Tod Hamachek | corporate director | 2021-01 | ||
| Uli Chi | corporate director | 2013-04 |
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 |