Overlake Hospital Medical Center
Bellevue, King County, WA
· CCN 500051
Licensed to Overlake Medical Center & Clinics
Composite
58.2
rank score
Distress
65
FY2024
Fit
72
vs thesis
Estimated ticket
$129M–$515M
303 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- current ratio under 1.5
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size well above the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $751M |
| Operating margin | -11.1% |
| Total margin | -2.9% |
| Days cash on hand | 7 |
| Current ratio | 1.32 |
| Occupancy | 64% |
Facility
| Beds | 303 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 286 | $587M | $83.7M | -6.5% | 11.8% | 14 | 1.30 | 61% | 14,030 | 48 |
| 2022 | 296 | $622M | $-139M | -15.0% | -24.1% | 8 | 0.95 | 64% | 13,490 | 76 |
| 2023 | 296 | $675M | $-36.2M | -14.5% | -4.9% | 7 | 1.30 | 64% | 13,490 | 66 |
| 2024 | 303 | $751M | $-23.2M | -11.1% | -2.9% | 7 | 1.32 | 64% | 18,259 | 65 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Multicare Health System | operational/managerial control | 100 | 2024-10 | |
| Overlake Medical Center & Clinics | 5% or greater direct ownership interest | 100 | 1966-01 | |
| Annette Clark | corporate director | 2022-01 | ||
| Benjamin Liu | corporate director | 2025-01 | ||
| Denise Merle | corporate director | 2025-01 | ||
| Dilip Wagle | corporate director | 2019-01 | ||
| Eric Shipley | corporate director | 2024-01 | ||
| James Boswell | corporate director | 2024-01 | ||
| James Boswell | w-2 managing employee | 2024-01 | ||
| Joel Wilson | corporate director | 2024-01 | ||
| Joel Wilson | w-2 managing employee | 2024-01 | ||
| Jonathan Duarte | corporate officer | 2024-10 | ||
| Jonathan Duarte | w-2 managing employee | 2024-10 | ||
| Kristina Belfiore | corporate director | 2022-01 | ||
| Lisa Wissner-Slivka | corporate director | 2019-01 | ||
| Patricia Bedient | corporate officer | 2013-01 | ||
| Pauline Bach | corporate director | 2023-01 | ||
| Steve Schwartz | corporate director | 2025-01 | ||
| Ted Herb | corporate director | 2016-01 | ||
| Thomas Evert | corporate director | 2020-07 | ||
| Tiffany Koenig | corporate director | 2020-01 |
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 |