Prosser Memorial Health
Prosser, Benton County, WA
· CCN 501312
Licensed to Prosser Public Hospital District Of Benton County
Composite
29.5
rank score
Distress
17
FY2023
Fit
54
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- 30-60 days cash on hand
- occupancy 45-60%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $118M |
| Operating margin | 9.7% |
| Total margin | 11.5% |
| Days cash on hand | 42 |
| Current ratio | 1.56 |
| Occupancy | 58% |
Facility
| Beds | 25 |
| 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 | 25 | $59.4M | $3.0M | -5.9% | 4.5% | 56 | 1.36 | 49% | 982 | 44 |
| 2021 | 25 | $77.8M | $16.5M | 6.6% | 18.5% | 56 | 2.50 | 54% | 1,398 | 19 |
| 2022 | 25 | $93.7M | $10.9M | 9.9% | 11.3% | 28 | 2.37 | 58% | 1,309 | 24 |
| 2023 | 25 | $118M | $13.8M | 9.7% | 11.5% | 42 | 1.56 | 58% | 1,345 | 17 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Craig Marks | corporate officer | 100 | 2016-08 | |
| Craig Marks | corporate director | 100 | 2016-08 | |
| Craig Marks | w-2 managing employee | 100 | 2016-08 | |
| Brandon Bowden | corporate officer | 2017-08 | ||
| Brandon Bowden | corporate director | 2017-08 | ||
| Glen Bestebreur | corporate officer | 2010-10 | ||
| Glen Bestebreur | corporate director | 2010-10 | ||
| Keith Sattler | corporate officer | 2012-01 | ||
| Keith Sattler | corporate director | 2012-01 | ||
| Kit Watson | corporate officer | 2016-01 | ||
| Kit Watson | corporate director | 2016-01 | ||
| Sharon Dietrich | corporate officer | 2014-03 | ||
| Sharon Dietrich | corporate director | 2014-03 | ||
| Stephen Kenny | corporate officer | 1984-08 | ||
| Stephen Kenny | corporate director | 1984-08 |
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 |