Swedish Edmonds
Edmonds, Snohomish County, WA
· CCN 500026
Licensed to Swedish Edmonds
Composite
65.2
rank score
Distress
69
FY2023
Fit
86
vs thesis
Estimated ticket
$66.7M–$267M
157 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 30-60 days cash on hand
- debt above 70% of assets
- 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 | $266M |
| Operating margin | -30.7% |
| Total margin | -28.3% |
| Days cash on hand | 50 |
| Current ratio | 4.16 |
| Occupancy | 80% |
Facility
| Beds | 157 |
| 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 | 188 | $208M | $-53.2M | -39.1% | -22.5% | 0 | 1.35 | 66% | 7,873 | 78 |
| 2021 | 188 | $246M | $-46.9M | -22.9% | -18.4% | 0 | 2.05 | 72% | 7,943 | 74 |
| 2022 | 188 | $245M | $-69.6M | -31.3% | -27.6% | 49 | 2.95 | 73% | 7,762 | 66 |
| 2023 | 157 | $266M | $-76.7M | -30.7% | -28.3% | 50 | 4.16 | 80% | 8,006 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Providence Health & Services - Washington | operational/managerial control | 100 | 2012-02 | |
| Swedish Health Services | 5% or greater direct ownership interest | 100 | 2012-02 | |
| Alvin Sturdivant | corporate director | 2022-03 | ||
| Anna Newsom | corporate officer | 2022-05 | ||
| Bruce Blume | corporate director | 2026-01 | ||
| Christina Park | corporate officer | 2025-11 | ||
| Christina Prkic | corporate director | 2025-01 | ||
| Constantina Pappas | corporate director | 2026-01 | ||
| Diankha Linear | corporate director | 2021-03 | ||
| Donald Anderson | corporate officer | 2017-01 | ||
| Elizabeth Wako | corporate officer | 2023-04 | ||
| Gregory Hoffman | corporate officer | 2020-10 | ||
| James Martin | corporate officer | 2023-01 | ||
| Javier Saade | corporate director | 2025-01 | ||
| Meredith Baty | corporate director | 2022-03 | ||
| Michael Katz | corporate director | 2024-01 | ||
| Monica Knox | corporate director | 2019-12 | ||
| Rayburn Lewis | corporate director | 2024-01 | ||
| Rick Cantu | corporate director | 2019-12 | ||
| Ronald Berenstain | corporate director | 2026-01 | ||
| Scott Combs | w-2 managing employee | 2022-07 | ||
| Western Healthconnect | other | 2012-02 |
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 |