Tri-State Memorial Hospital
Clarkston, Asotin County, WA
· CCN 501332
Licensed to Tri-State Memorial Hospital
Composite
32.0
rank score
Distress
20
FY2023
Fit
58
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 90-150 days cash on hand
- occupancy 45-60%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $114M |
| Operating margin | -1.8% |
| Total margin | 5.3% |
| Days cash on hand | 137 |
| Current ratio | 4.44 |
| Occupancy | 45% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 | $90.7M | $-453K | -5.3% | -0.5% | 200 | 4.01 | 46% | 1,096 | 32 |
| 2021 | 25 | $98.7M | $12.6M | 3.4% | 11.7% | 165 | 4.78 | 50% | 1,063 | 2 |
| 2022 | 25 | $107M | $6.3M | 0.8% | 5.6% | 102 | 3.24 | 50% | 1,082 | 13 |
| 2023 | 25 | $114M | $6.5M | -1.8% | 5.3% | 137 | 4.44 | 45% | 1,013 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Daniel Klaveano | corporate director | 2012-05 | ||
| Dawn Merrill | corporate director | 2004-06 | ||
| Debra Ausman | corporate director | 2012-05 | ||
| Donald Mcquary | corporate director | 2004-06 | ||
| Eddie Day | corporate director | 2004-06 | ||
| John Seeh | corporate director | 2012-05 | ||
| Kevin Hagen | corporate director | 2006-03 | ||
| Kimberly Clift | w-2 managing employee | 2021-04 | ||
| Michael Martin | corporate director | 2004-06 | ||
| Rhonda Mason | corporate director | 1999-12 | ||
| Rhonda Mason | w-2 managing employee | 1999-12 | ||
| Richard Flerchinger | corporate director | 2004-06 | ||
| Sandy Blume | w-2 managing employee | 2012-05 | ||
| Scott Arnone | corporate director | 2004-06 | ||
| Steve Claassen | corporate director | 2007-11 |
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 |