Good Samaritan Hospital
dba Multicare Good Samaritan Hospital ·
Puyallup, Pierce County, WA
· CCN 500079
Licensed to Multicare Health System
Composite
56.5
rank score
Distress
61
FY2023
Fit
72
vs thesis
Estimated ticket
$135M–$541M
318 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- 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 · FY2023
| Net patient revenue | $637M |
| Operating margin | -10.5% |
| Total margin | -6.8% |
| Days cash on hand | — |
| Current ratio | 1.37 |
| Occupancy | 96% |
Facility
| Beds | 318 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 311 | $597M | $40.5M | 4.1% | 6.6% | — | 161.80 | 78% | 17,024 | 0 |
| 2021 | 320 | $667M | $29.0M | 1.0% | 4.2% | — | 66.71 | 92% | 18,584 | 9 |
| 2022 | 320 | $655M | $-64.7M | -11.0% | -9.8% | — | 28.65 | 99% | 19,515 | 57 |
| 2023 | 318 | $637M | $-45.1M | -10.5% | -6.8% | — | 1.37 | 96% | 18,235 | 61 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Multicare Health System | 5% or greater direct ownership interest | 100 | 2011-05 | |
| Deedee Walkey | corporate director | 2011-04 | ||
| Florence Chang | corporate officer | 2015-01 | ||
| Florence Chang | w-2 managing employee | 2015-01 | ||
| Frank Tombari | corporate director | 2022-01 | ||
| James Lee | corporate officer | 2022-06 | ||
| James Lee | w-2 managing employee | 2022-06 | ||
| Janine Terrano | corporate director | 2014-12 | ||
| John Wiborg | corporate director | 2017-01 | ||
| Leslie Sowell | corporate director | 2011-04 | ||
| Robert Yost | corporate director | 2011-04 | ||
| Robin Thomashauer | corporate director | 2020-11 | ||
| Sally Leighton | corporate director | 2011-04 | ||
| Tara Perry | corporate director | 2021-08 | ||
| Tariq Salam | w-2 managing employee | 2020-11 | ||
| William Robertson | corporate officer | 2014-12 | ||
| William Robertson | 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 |