Columbia Basin Hospital
Ephrata, Grant County, WA
· CCN 501317
Licensed to Grant County Public Hospital District No. 3
Composite
52.0
rank score
Distress
67
FY2023
Fit
54
vs thesis
Estimated ticket
$1.8M–$3.6M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 30-60 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- 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 | $19.5M |
| Operating margin | -23.9% |
| Total margin | -12.2% |
| Days cash on hand | 40 |
| Current ratio | 2.63 |
| Occupancy | 54% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $72.2K |
| Per-bed (high) | $144K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $17.6M | $3.8M | -21.2% | 15.2% | 147 | 3.99 | 56% | 103 | 34 |
| 2021 | 25 | $18.9M | $1.6M | -16.2% | 7.0% | 186 | 5.68 | 54% | 128 | 30 |
| 2022 | 25 | $20.2M | $-1.2M | -15.9% | -5.3% | 52 | 7.19 | 53% | 145 | 59 |
| 2023 | 25 | $19.5M | $-2.6M | -23.9% | -12.2% | 40 | 2.63 | 54% | 149 | 67 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Rosalinda Kibby | w-2 managing employee | 100 | 2009-04 | |
| Cheryl Bodi | w-2 managing employee | 2014-04 | ||
| Grant County Public Hospital District No. 3 | other | 2006-12 | ||
| Rosalinda Kibby | 5% or greater indirect ownership interest | 2014-02 |
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 |