Whitman Hospital & Medical Center
dba Whitman Hospital & Medical Clinics ·
Colfax, Whitman County, WA
· CCN 501327
Licensed to Public Hospital District No 3 Of Whitman County
Composite
33.5
rank score
Distress
34
FY2023
Fit
46
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin -10% to -5%
- occupancy below 30%
- margin deteriorating
- rural — cheaper but limited density
- small but workable bed count
- 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 | $50.6M |
| Operating margin | -9.7% |
| Total margin | 2.0% |
| Days cash on hand | 167 |
| Current ratio | 5.36 |
| Occupancy | 21% |
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 | $38.1M | $2.2M | -1.9% | 5.2% | 293 | 4.33 | 30% | 452 | 24 |
| 2021 | 25 | $41.6M | $6.8M | -10.7% | 12.7% | 227 | 6.38 | 28% | 444 | 37 |
| 2022 | 25 | $46.1M | $2.5M | -8.4% | 4.7% | 229 | 6.46 | 25% | 412 | 31 |
| 2023 | 25 | $50.6M | $1.2M | -9.7% | 2.0% | 167 | 5.36 | 21% | 405 | 34 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Abby Smith | corporate officer | 2018-03 | ||
| George Hanigan | corporate officer | 2015-04 | ||
| Integra Imaging Business Associates Llc | operational/managerial control | 2013-04 | ||
| Jana Symonds | w-2 managing employee | 2021-09 | ||
| Patricia Hinnenkamp | w-2 managing employee | 2004-12 |
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 |