Fred Hutchinson Cancer Center
Seattle, King County, WA
· CCN 500138
Licensed to Fred Hutchinson Cancer Center
Composite
53.1
rank score
Distress
57
FY2024
Fit
68
vs thesis
Estimated ticket
$8.5M–$34.0M
20 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- 30-60 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very small facility
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $1.3B |
| Operating margin | -61.5% |
| Total margin | -1.8% |
| Days cash on hand | 56 |
| Current ratio | 3.84 |
| Occupancy | 88% |
Facility
| Beds | 20 |
| 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 | 20 | $890M | $151M | 5.6% | 16.4% | 285 | 5.28 | 86% | 581 | 0 |
| 2022 | 20 | $1.0B | $-38.2M | -3.6% | -3.7% | 403 | 2.01 | 87% | 522 | 28 |
| 2023 | 20 | $1.2B | $369M | -68.6% | 15.5% | 48 | 3.94 | 94% | 529 | 44 |
| 2024 | 20 | $1.3B | $-38.0M | -61.5% | -1.8% | 56 | 3.84 | 88% | 532 | 57 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Scott | corporate director | 2024-04 | ||
| Christopher Bundesmann | corporate officer | 2022-04 | ||
| David Browdy | corporate officer | 2022-04 | ||
| Eduardo Penalver | corporate director | 2022-04 | ||
| Herbert Bone | corporate director | 2022-04 | ||
| Jeremy Jaech | corporate director | 2022-04 | ||
| Joanne Harrell | corporate director | 2022-04 | ||
| Julie Nordstrom | corporate director | 2022-04 | ||
| Kathy Surace-Smith | corporate director | 2022-04 | ||
| Leigh Morgan | corporate director | 2022-04 | ||
| Michelle Seitz | corporate director | 2024-09 | ||
| Nancy Davidson | corporate director | 2022-04 | ||
| Nancy Davidson | w-2 managing employee | 2016-12 | ||
| Nicole Robinson | corporate officer | 2022-04 | ||
| Richard Anderson | corporate director | 2024-01 | ||
| Sean Boyle | corporate director | 2022-04 | ||
| Stephen Graham | corporate director | 2022-04 | ||
| Steven Haydon | corporate officer | 2022-04 | ||
| Thomas Lynch | corporate officer | 2022-04 | ||
| Thomas Lynch | corporate director | 2020-04 | ||
| Thomas Lynch | w-2 managing employee | 2022-04 | ||
| Timothy Dellit | corporate director | 2022-07 |
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 |