Toppenish Community Hospital
dba Astria Toppenish Hospital ·
Toppenish, Yakima County, WA
· CCN 500037
Licensed to Shc Medical Center Toppenish
Composite
69.2
rank score
Distress
84
FY2023
Fit
78
vs thesis
Estimated ticket
$16.4M–$65.8M
47 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- small but workable bed count
- ticket size somewhat below the envelope
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $53.7M |
| Operating margin | -19.2% |
| Total margin | -9.2% |
| Days cash on hand | 1 |
| Current ratio | -3.23 |
| Occupancy | 46% |
Facility
| Beds | 47 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $37.1M | $10.3M | 0.9% | 21.9% | 17 | 1.33 | 88% | 1,238 | 43 |
| 2021 | 47 | $50.9M | $-1.5M | -8.1% | -2.9% | 1 | -0.48 | 49% | 673 | 79 |
| 2022 | 47 | $55.4M | $-5.5M | -17.1% | -9.3% | 2 | -1.35 | 53% | 756 | 82 |
| 2023 | 47 | $53.7M | $-5.4M | -19.2% | -9.2% | 1 | -3.23 | 46% | 610 | 84 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Astria Health | 5% or greater indirect ownership interest | 100 | 2017-09 | |
| Shc Holdco Llc | 5% or greater direct ownership interest | 100 | 2017-09 | |
| Shc Holdco Llc | operational/managerial control | 100 | 2017-09 | |
| Astria Health | other | 2018-12 | ||
| Bertha Ortega | corporate officer | 2021-01 | ||
| Brian Gibbons | corporate director | 2023-01 | ||
| Brian Gibbons | w-2 managing employee | 2023-01 | ||
| Brian Gibbons | operational/managerial control | 2023-01 | ||
| Carrie Story | corporate officer | 2021-01 | ||
| Catherine Bambrick | corporate officer | 2021-01 | ||
| Lori Alvord | corporate officer | 2019-01 | ||
| Matthew Mathiesen | corporate director | 2024-06 | ||
| Matthew Mathiesen | w-2 managing employee | 2024-06 | ||
| Maxwell Owens | corporate officer | 2020-01 | ||
| Maxwell Owens | corporate director | 2020-01 | ||
| Maxwell Owens | w-2 managing employee | 2020-01 | ||
| Steven Young | corporate officer | 2021-01 |
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 |