Kfh - Washington
dba Kaiser Permanente Central Hospital ·
Seattle, King County, WA
· CCN 500052
Licensed to Kaiser Foundation Health Plan Of Washington
Composite
67.6
rank score
Distress
100
FY2023
Fit
56
vs thesis
Estimated ticket
$8.4M–$33.6M
24 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very small facility
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $1 |
| Operating margin | -12,989,050,600.0% |
| Total margin | -12,989,050,600.0% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 15% |
Facility
| Beds | 24 |
| 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 | 24 | — | $-1 | — | — | — | — | 29% | 949 | — |
| 2021 | 24 | $1 | $1 | 100.0% | 100.0% | — | — | 38% | 1,184 | 10 |
| 2022 | 24 | $1 | $32.0M | 3,201,284,100.0% | 3,201,284,100.0% | — | — | 17% | 347 | 17 |
| 2023 | 24 | $1 | $-130M | -12,989,050,600.0% | -12,989,050,600.0% | — | — | 15% | 357 | 100 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kaiser Foundation Health Plan Inc | 5% or greater indirect ownership interest | 100 | 2017-02 | |
| Kaiser Foundation Health Plan Of Washington Holdings | 5% or greater indirect ownership interest | 100 | 2017-02 | |
| Andrew Bindman | corporate director | 2021-03 | ||
| Constance Rice | corporate director | 2017-02 | ||
| Cori Green | w-2 managing employee | 2019-01 | ||
| Gregory Adams | w-2 managing employee | 2019-11 | ||
| Judith Johansen | corporate director | 2021-07 | ||
| Kathryn Lancaster | corporate director | 2019-01 | ||
| Kim Kaiser | corporate director | 2017-02 | ||
| Kimberly Horn | corporate director | 2020-01 | ||
| Margaret Porfido | corporate director | 2017-02 | ||
| Michael Wilson | corporate director | 2017-02 | ||
| Michelle Barlow | w-2 managing employee | 2014-01 | ||
| Patricia Holt | w-2 managing employee | 2021-08 | ||
| Ramon Baez | corporate director | 2019-01 | ||
| Vanessa Leigh | w-2 managing employee | 2014-12 |
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 |