Quincy Valley Medical Center
Quincy, Grant County, WA
· CCN 501320
Licensed to Grant County Hospital District No. 2
Composite
32.1
rank score
Distress
37
FY2023
Fit
38
vs thesis
Estimated ticket
$850K–$1.7M
10 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- debt above 70% of assets
- occupancy below 30%
- 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 | $12.8M |
| Operating margin | -16.5% |
| Total margin | 22.0% |
| Days cash on hand | 163 |
| Current ratio | 6.52 |
| Occupancy | 6% |
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 | $7.9M | $1.4M | -9.3% | 13.9% | 148 | 0.74 | 1% | 14 | 60 |
| 2021 | 10 | $8.9M | $6.1M | -7.2% | 39.0% | 171 | 4.90 | 3% | 38 | 31 |
| 2022 | 10 | $11.5M | $3.9M | 6.9% | 26.5% | 279 | 9.33 | 3% | 35 | 9 |
| 2023 | 10 | $12.8M | $4.2M | -16.5% | 22.0% | 163 | 6.52 | 6% | 73 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Glenda Bishop | contracted managing employee | 100 | 2017-07 | |
| Glenda Bishop | corporate officer | 100 | 2017-07 | |
| Glenda Bishop | corporate director | 100 | 2017-07 |
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 |