Cascade Valley Hospital
Arlington, Snohomish County, WA
· CCN 500060
Licensed to Public Hospital Dist No 1 Skagit
Composite
37.9
rank score
Distress
17
FY2023
Fit
76
vs thesis
Estimated ticket
$24.0M–$96.0M
48 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- 30-60 days cash on hand
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- small but workable bed count
- ticket size somewhat below the envelope
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $92.5M |
| Operating margin | 25.1% |
| Total margin | 26.0% |
| Days cash on hand | 46 |
| Current ratio | 4.39 |
| Occupancy | 56% |
Facility
| Beds | 48 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 48 | $58.6M | $16.0M | 18.6% | 25.1% | 119 | 9.74 | 29% | 1,314 | 13 |
| 2021 | 48 | $68.0M | $16.3M | 21.3% | 23.4% | 109 | 9.94 | 30% | 1,292 | 10 |
| 2022 | 48 | $79.2M | $17.7M | 21.3% | 22.1% | 0 | -13.51 | 48% | 1,625 | 38 |
| 2023 | 48 | $92.5M | $24.5M | 25.1% | 26.0% | 46 | 4.39 | 56% | 1,983 | 17 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Public Hospital Dist No 1 Skagit | 5% or greater direct ownership interest | 100 | 2016-06 | |
| Brian Ivie | w-2 managing employee | 2017-11 | ||
| Bruce Lisser | corporate director | 2012-03 | ||
| Dale Ragan | corporate officer | 2020-01 | ||
| Frei Burton | corporate officer | 2019-01 | ||
| Gary Shand | corporate officer | 2017-11 | ||
| Jeffrey Miller | corporate director | 2012-03 | ||
| Jolanda Barnett | w-2 managing employee | 2016-06 | ||
| Peter Browning | corporate officer | 2017-01 | ||
| Tamara Cesena | w-2 managing employee | 2023-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2016-06-01 | change of ownership | Public Hospital Dist No 1 Skagit | Public Hospital District 3... |
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 |