Pullman Regional Hospital
Pullman, Whitman County, WA
· CCN 501331
Licensed to Public Hospital District #1-A Of Whitman County
Composite
36.0
rank score
Distress
36
FY2023
Fit
50
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%
- 90-150 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $107M |
| Operating margin | -4.6% |
| Total margin | 0.8% |
| Days cash on hand | 146 |
| Current ratio | 4.76 |
| Occupancy | 41% |
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 | $69.9M | $10.7M | 5.7% | 13.1% | 198 | 2.82 | 42% | 1,033 | 6 |
| 2021 | 25 | $77.5M | $6.9M | 9.0% | 8.3% | 197 | 3.46 | 44% | 1,098 | 6 |
| 2022 | 25 | $86.3M | $8.9M | 5.1% | 9.0% | 103 | 4.18 | 41% | 1,073 | 10 |
| 2023 | 25 | $107M | $963K | -4.6% | 0.8% | 146 | 4.76 | 41% | 1,402 | 36 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Carly Scholz | w-2 managing employee | 2020-01 | ||
| Joe Pitzer | corporate director | 2007-12 | ||
| Matthew Forge | corporate officer | 2022-10 |
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 |