United General Medical Center
dba Peacehealth United General Medical Center ·
Sedro Woolley, Skagit County, WA
· CCN 501329
Licensed to Peacehealth
Composite
51.3
rank score
Distress
60
FY2024
Fit
60
vs thesis
Estimated ticket
$1.8M–$3.6M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- total margin -8% to -3%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $87.3M |
| Operating margin | -3.8% |
| Total margin | -3.6% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 70% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $69.5M | $2.6M | 1.9% | 3.7% | — | — | 50% | 643 | 17 |
| 2022 | 25 | $78.9M | $4.1M | 5.0% | 5.2% | — | — | 64% | 942 | 0 |
| 2023 | 25 | $82.8M | $-3.5M | -5.1% | -4.2% | — | — | 74% | 1,074 | 65 |
| 2024 | 25 | $87.3M | $-3.1M | -3.8% | -3.6% | — | — | 70% | 1,016 | 60 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Peacehealth | 5% or greater direct ownership interest | 100 | 2012-04 | |
| Andrea Nenzel | corporate director | 2015-07 | ||
| Arthur Springer Ii | corporate officer | 2025-11 | ||
| Carolyn Aaron | corporate director | 2021-01 | ||
| Charlotte Davenport | corporate director | 2016-07 | ||
| Danny Hollingshead | corporate director | 2017-06 | ||
| Deleesa Meashintubby | corporate director | 2023-06 | ||
| Donna King | corporate director | 2019-07 | ||
| Elizabeth Dunne | corporate officer | 2015-12 | ||
| Ione Adams | corporate director | 2024-07 | ||
| Kathleen Pruitt | corporate director | 2015-07 | ||
| Leonard Kearney | corporate director | 2011-01 | ||
| Linda Jackson | w-2 managing employee | 2023-07 | ||
| Lorraine Arvin | corporate director | 2024-07 | ||
| Mary Mcwilliams | corporate director | 2021-09 | ||
| Richard Magnuson | corporate officer | 2025-06 | ||
| Richard Wollenberg | corporate director | 2014-01 | ||
| Sarah Ness | corporate officer | 2026-01 | ||
| Sheila Lemieux | corporate director | 2024-09 | ||
| Thomas Karnes | corporate officer | 2023-01 | ||
| Timothy Ackman | corporate director | 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 |