Valley Hospital & Medical Center
dba Multicare Valley Hospital ·
Spokane, Spokane County, WA
· CCN 500119
Licensed to Multicare Health System
Composite
63.2
rank score
Distress
63
FY2023
Fit
82
vs thesis
Estimated ticket
$52.3M–$209M
123 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $163M |
| Operating margin | -9.1% |
| Total margin | -3.7% |
| Days cash on hand | 0 |
| Current ratio | 3.86 |
| Occupancy | 46% |
Facility
| Beds | 123 |
| 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 | 123 | $145M | $15.1M | 7.2% | 10.1% | — | 6.11 | 46% | 4,588 | 3 |
| 2021 | 123 | $147M | $20.5M | 2.8% | 12.5% | — | 6.67 | 50% | 4,563 | 3 |
| 2022 | 123 | $158M | $-1.4M | -1.5% | -0.9% | — | 5.92 | 48% | 4,833 | 33 |
| 2023 | 123 | $163M | $-6.4M | -9.1% | -3.7% | 0 | 3.86 | 46% | 4,298 | 63 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Multicare Health System | 5% or greater direct ownership interest | 100 | 2017-06 | chain |
| 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 | ||
| Joanna Monroe | corporate director | 2024-03 | ||
| John Wiborg | corporate director | 2001-04 | ||
| Leslie Sowell | corporate director | 2011-04 | ||
| Robert Yost | corporate director | 2009-09 | ||
| 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 | corporate director | 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 |