Grays Harbor Community Hospital
Aberdeen, Grays Harbor County, WA
· CCN 500031
Licensed to Grays Harbor Community Hospital
Composite
54.7
rank score
Distress
66
FY2023
Fit
62
vs thesis
Estimated ticket
$4.2M–$8.3M
49 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- margin deteriorating
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $95.3M |
| Operating margin | -24.4% |
| Total margin | -8.6% |
| Days cash on hand | 22 |
| Current ratio | 1.53 |
| Occupancy | 75% |
Facility
| Beds | 49 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| 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 | 49 | $75.3M | $-3.8M | -32.1% | -4.0% | 105 | 1.26 | 72% | 2,813 | 48 |
| 2021 | 49 | $87.7M | $7.2M | -16.6% | 6.6% | 93 | 1.94 | 68% | 2,465 | 32 |
| 2022 | 49 | $91.3M | $-9.9M | -18.3% | -10.1% | 37 | 1.87 | 76% | 2,692 | 61 |
| 2023 | 49 | $95.3M | $-9.4M | -24.4% | -8.6% | 22 | 1.53 | 75% | 2,859 | 66 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Grays Harbor Community Hospital | 5% or greater direct ownership interest | 100 | 2007-01 | |
| Thomas Jensen | operational/managerial control | 100 | 2010-09 | |
| Andrew Bickar | corporate director | 2015-01 | ||
| Christopher Thomas | corporate director | 2018-01 | ||
| David Quigg | corporate director | 2018-01 | ||
| Grays Harbor Community Hospital | operational/managerial control | 2014-01 | ||
| Jonathan Dilley | corporate director | 2019-01 | ||
| Lynn Csernotta | corporate director | 2019-01 | ||
| Niall Foley | corporate officer | 2018-11 | ||
| Niall Foley | w-2 managing employee | 2017-09 | ||
| Thomas Jensen | corporate officer | 2010-09 |
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 |