Snoqualmie Valley Hospital
Snoqualmie, King County, WA
· CCN 501338
Licensed to Public Hospital District No 4 King County Washington
Composite
36.5
rank score
Distress
30
FY2023
Fit
58
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin -10% to -5%
- liabilities exceed assets
- 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 | $50.7M |
| Operating margin | -5.9% |
| Total margin | 4.9% |
| Days cash on hand | 151 |
| Current ratio | 8.35 |
| Occupancy | 82% |
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 | 28 | $36.6M | $-751K | -23.9% | -1.7% | 279 | 3.95 | 83% | 33 | 47 |
| 2021 | 28 | $42.5M | $4.4M | -17.2% | 8.2% | 241 | 3.08 | 83% | 49 | 39 |
| 2022 | 25 | $47.3M | $1.7M | -8.8% | 3.1% | 118 | 4.18 | 87% | 34 | 38 |
| 2023 | 25 | $50.7M | $2.7M | -5.9% | 4.9% | 151 | 8.35 | 82% | 77 | 30 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Public Hospital District No 4 King County Washington | other | 100 | 2005-12 | |
| Barbi Donovan | corporate director | 5 | 2005-12 | |
| Barbi Donovan | w-2 managing employee | 5 | 2005-12 | |
| James Ritter | corporate officer | 5 | 2019-12 | |
| James Ritter | w-2 managing employee | 5 | 2014-05 | |
| Karyn Denton | corporate officer | 5 | 2019-06 | |
| Karyn Denton | w-2 managing employee | 5 | 2019-06 | |
| Renee Jensen | corporate officer | 5 | 2020-11 | |
| Renee Jensen | w-2 managing employee | 5 | 2020-11 | |
| Tammy Moore | w-2 managing employee | 5 | 2021-08 | |
| Shay Rullan | w-2 managing employee | 2023-01 |
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 |