Legacy Salmon Creek Hospital
dba Legacy Salmon Creek Medical Center ·
Vancouver, Clark County, WA
· CCN 500150
Licensed to Legacy Salmon Creek Hospital
Composite
51.2
rank score
Distress
44
FY2024
Fit
78
vs thesis
Estimated ticket
$89.0M–$356M
178 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- under 30 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $507M |
| Operating margin | -1.0% |
| Total margin | 6.1% |
| Days cash on hand | 0 |
| Current ratio | 2.54 |
| Occupancy | 95% |
Facility
| Beds | 178 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 166 | $413M | $52.1M | 7.9% | 12.0% | 0 | 0.91 | 86% | 12,438 | 31 |
| 2022 | 147 | $447M | $21.9M | -1.9% | 4.6% | 0 | 1.18 | 110% | 11,654 | 41 |
| 2023 | 178 | $480M | $14.1M | -5.2% | 2.7% | 0 | 2.22 | 98% | 12,359 | 44 |
| 2024 | 178 | $507M | $33.1M | -1.0% | 6.1% | 0 | 2.54 | 95% | 12,769 | 44 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Carolyn Coggins | corporate director | 2025-09 | ||
| Charles Wilhoite | corporate director | 2015-09 | ||
| Craig Armstrong | corporate director | 2023-09 | ||
| David Ramus | corporate director | 2014-05 | ||
| Edgar Navas | corporate director | 2020-06 | ||
| Gayle Goschie | corporate director | 2016-06 | ||
| George Brown | corporate officer | 2024-06 | ||
| Jack Friedman | corporate director | 2018-06 | ||
| Jeffrey Barber | corporate director | 2013-07 | ||
| Jerry Petty | corporate director | 2018-06 | ||
| Joseph Frankhouse | corporate director | 2023-06 | ||
| Legacy Health | 5% or greater direct ownership interest | 2005-08 | ||
| Legacy Health | operational/managerial control | 2005-08 | ||
| Leslie Root | corporate director | 2012-01 | ||
| Lisa Freedman | corporate director | 2019-06 | ||
| Lynn Gust | corporate director | 2017-06 | ||
| Nancy Horton | corporate director | 2019-06 | ||
| Nancy Locke | corporate director | 2016-06 | ||
| Nasreen Ilias-Khan | corporate director | 2021-05 | ||
| Nathalie Johnson | corporate director | 2023-06 | ||
| Richard Reiten | corporate director | 2013-07 | ||
| Samir Desai | corporate director | 2017-06 | ||
| Sarah Jensen | corporate officer | 2017-05 | ||
| Sarah Jensen | w-2 managing employee | 2015-10 | ||
| Teresa Handy | corporate officer | 2012-03 |
Showing 25 of 26. Full list via /api/targets/500150.
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 |