Enumclaw Regional Hospital Dba Seh
dba St Elizabeth Hospital ·
Enumclaw, WA
· CCN 501335
Licensed to Enumclaw Regional Hospital Association
Composite
38.0
rank score
Distress
28
FY2024
Fit
64
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating
- urban — higher occupancy and iteration surface
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $81.2M |
| Operating margin | 23.2% |
| Total margin | 25.2% |
| Days cash on hand | 0 |
| Current ratio | 3.57 |
| Occupancy | 59% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | urban |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $63.2M | $23.1M | 9.1% | 28.7% | 0 | 1.20 | 63% | 1,276 | 26 |
| 2022 | 25 | $67.6M | $5.7M | 7.3% | 8.4% | 0 | 1.38 | 62% | 1,286 | 26 |
| 2023 | 25 | $75.1M | $10.7M | 11.3% | 13.9% | 0 | 1.70 | 58% | 1,395 | 24 |
| 2024 | 25 | $81.2M | $21.0M | 23.2% | 25.2% | 0 | 3.57 | 59% | 1,570 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Carolyn Corvi | corporate director | 2021-01 | ||
| Catholic Health Initiatives | 5% or greater direct ownership interest | 2007-05 | ||
| Commonspirit Washington | 5% or greater direct ownership interest | 2007-05 | ||
| Commonspirit Washington | operational/managerial control | 2007-05 | ||
| David Butcherite | w-2 managing employee | 2004-07 | ||
| David Nosacka | corporate officer | 2021-07 | ||
| David Nosacka | w-2 managing employee | 2021-07 | ||
| Dennis Hunthausen | corporate director | 2012-07 | ||
| Diann Puls | corporate director | 2011-07 | ||
| Gregg Meyer | corporate director | 2021-01 | ||
| John Oppenheimer | corporate director | 2021-01 | ||
| Karen Lee | corporate director | 2021-01 | ||
| Ketul Patel | corporate officer | 2015-02 | ||
| Ketul Patel | w-2 managing employee | 2015-02 | ||
| Marvin O'quinn | corporate director | 2021-01 | ||
| Michael Hoffman | corporate director | 2012-07 | ||
| Robert Carlile | corporate director | 2021-01 | ||
| Robert Lemon | corporate director | 2021-01 | ||
| Ruth Goodwin | corporate director | 2021-01 | ||
| Tod Hamachek | corporate director | 2021-01 | ||
| Uli Chi | corporate director | 2013-04 |
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 |