Mason General Hospital
dba Mason General Hospital & Family Of Clinics ·
Shelton, Mason County, WA
· CCN 501336
Licensed to Public Hospital District No 1 Of Mason County
Composite
29.3
rank score
Distress
14
FY2023
Fit
58
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $135M |
| Operating margin | -4.0% |
| Total margin | 7.5% |
| Days cash on hand | 268 |
| Current ratio | 6.58 |
| Occupancy | 64% |
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 | $104M | $1.5M | -14.3% | 1.2% | 226 | 3.58 | 56% | 1,354 | 33 |
| 2021 | 25 | $120M | $7.1M | -3.5% | 5.4% | 242 | 3.85 | 66% | 1,496 | 16 |
| 2022 | 25 | $127M | $6.8M | -5.3% | 4.9% | 258 | 5.77 | 62% | 1,493 | 22 |
| 2023 | 25 | $135M | $11.4M | -4.0% | 7.5% | 268 | 6.58 | 64% | 1,526 | 14 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Darrin Moody | corporate officer | 2021-11 | ||
| Eric Moll | corporate director | 2004-07 | ||
| Eric Moll | w-2 managing employee | 2004-07 | ||
| Gayle Weston | corporate officer | 2021-11 | ||
| Stephen Leslie | w-2 managing employee | 2022-12 |
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 |