Summit Pacific Medical Center
Elma, Grays Harbor County, WA
· CCN 501304
Licensed to Grays Harbor County Public Hospital District No 1
Composite
29.2
rank score
Distress
20
FY2023
Fit
50
vs thesis
Estimated ticket
$850K–$1.7M
10 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- margin deteriorating
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $74.4M |
| Operating margin | -3.5% |
| Total margin | 7.8% |
| Days cash on hand | 614 |
| Current ratio | 12.65 |
| Occupancy | 60% |
Facility
| Beds | 10 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 10 | $51.6M | $6.0M | 5.0% | 10.9% | 304 | 7.63 | 43% | 410 | 10 |
| 2021 | 10 | $63.1M | $20.7M | 13.6% | 27.6% | 329 | 7.69 | 38% | 376 | 6 |
| 2022 | 10 | $72.2M | $11.9M | 7.5% | 15.1% | 309 | 7.58 | 53% | 449 | 2 |
| 2023 | 10 | $74.4M | $6.5M | -3.5% | 7.8% | 614 | 12.65 | 60% | 568 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrew Hooper | corporate director | 5 | 2011-08 | |
| Gary Thumser | corporate director | 5 | 2014-01 | |
| Georgette Hiles | corporate director | 5 | 2020-01 | |
| Grays Harbor County Public Hospital District No 1 | operational/managerial control | 5 | 1985-07 | |
| James Hansen | corporate officer | 5 | 2018-05 | |
| Joshua Martin | corporate officer | 5 | 2017-04 | |
| Kevin Caserta | corporate director | 2022-05 | ||
| Kevin Caserta | w-2 managing employee | 2022-05 |
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 |
|---|---|---|---|---|
| 2018-09-01 | Lourdes Hospital Llc | Our Lady Of Lourdes Health Center | Lourdes Medical Center | 25 |