Jefferson General Hospital
dba Jefferson Healthcare ·
Port Townsend, Jefferson County, WA
· CCN 501323
Licensed to Jefferson County Public Hospital District No 2
Composite
33.0
rank score
Distress
25
FY2023
Fit
54
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- total margin under 2%
- occupancy 45-60%
- margin deteriorating
- 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 | $163M |
| Operating margin | -4.7% |
| Total margin | 0.4% |
| Days cash on hand | 296 |
| Current ratio | 8.02 |
| Occupancy | 50% |
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 | $119M | $3.3M | -8.9% | 2.5% | 165 | 2.58 | 38% | 1,072 | 28 |
| 2021 | 25 | $140M | $7.6M | 0.3% | 5.2% | 174 | 3.29 | 46% | 1,261 | 9 |
| 2022 | 25 | $148M | $3.8M | -3.0% | 2.4% | 116 | 4.76 | 51% | 1,339 | 22 |
| 2023 | 25 | $163M | $696K | -4.7% | 0.4% | 296 | 8.02 | 50% | 1,509 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brandie Manuel | corporate officer | 2020-11 | ||
| Brandie Manuel | corporate director | 2020-11 | ||
| Bruce Mccomas | corporate director | 2018-01 | ||
| Cornelis Kolff | corporate director | 2016-01 | ||
| Jill Buhler | corporate director | 1995-03 | ||
| Lawrence Glenn | corporate officer | 2010-10 | ||
| Lawrence Glenn | corporate director | 2014-04 | ||
| Lawrence Glenn | operational/managerial control | 2014-04 | ||
| Marie Dressler | corporate director | 2010-01 | ||
| Matthew Ready | corporate director | 2014-04 | ||
| Tyler Freeman | corporate officer | 2022-01 | ||
| Tyler Freeman | operational/managerial control | 2022-01 |
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 |