Othello Community Hospital
Othello, Adams County, WA
· CCN 501318
Licensed to Adams County Public Hospital District 3
Composite
37.9
rank score
Distress
50
FY2023
Fit
38
vs thesis
Estimated ticket
$1.2M–$2.3M
16 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin negative
- 90-150 days cash on hand
- occupancy below 30%
- margin deteriorating
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $21.1M |
| Operating margin | -11.6% |
| Total margin | -0.8% |
| Days cash on hand | 126 |
| Current ratio | 7.75 |
| Occupancy | 28% |
Facility
| Beds | 16 |
| 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 | 16 | $15.6M | $557K | -29.6% | 2.7% | 279 | 7.77 | 26% | 496 | 37 |
| 2021 | 16 | $16.1M | $-1.7M | -24.8% | -9.5% | 119 | 8.35 | 35% | 879 | 54 |
| 2022 | 16 | $17.2M | $-2.0M | -24.1% | -10.1% | 54 | 4.76 | 27% | 490 | 70 |
| 2023 | 16 | $21.1M | $-189K | -11.6% | -0.8% | 126 | 7.75 | 28% | 925 | 50 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Connie Agenbroad | corporate officer | 2013-06 | ||
| Connie Agenbroad | w-2 managing employee | 2013-06 | ||
| Gayle Bohannan | corporate director | 2018-07 | ||
| Lynda Bowers | corporate director | 2009-12 | ||
| Mark Bunch | corporate officer | 2007-09 | ||
| Mark Bunch | w-2 managing employee | 2007-09 | ||
| Robert Carlson | corporate director | 2005-12 | ||
| Shirley Mccullough | corporate director | 2007-12 | ||
| Sue Long-Hosek | corporate director | 2019-01 |
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 |