Peace Island Medical Center
dba Peacehealth Peace Island Medical Center ·
Friday Harbor, Island County, WA
· CCN 501340
Licensed to Peacehealth
Composite
36.0
rank score
Distress
43
FY2024
Fit
42
vs thesis
Estimated ticket
$850K–$1.7M
10 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- occupancy below 30%
- margin slipping
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $28.5M |
| Operating margin | -4.1% |
| Total margin | 5.4% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 5% |
Facility
| Beds | 10 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 10 | $23.1M | $1.7M | 0.8% | 6.9% | — | — | 5% | 74 | 29 |
| 2022 | 10 | $23.2M | $-928K | -9.0% | -3.8% | — | — | 6% | 69 | 81 |
| 2023 | 10 | $26.1M | $279K | -4.5% | 1.0% | — | — | 7% | 85 | 52 |
| 2024 | 10 | $28.5M | $1.7M | -4.1% | 5.4% | — | — | 5% | 72 | 43 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Peacehealth | 5% or greater direct ownership interest | 100 | 2012-07 | |
| Andrea Nenzel | corporate director | 2015-07 | ||
| Arthur Springer Ii | corporate officer | 2025-11 | ||
| Carolyn Aaron | corporate director | 2021-01 | ||
| Charlotte Davenport | corporate director | 2016-07 | ||
| Danny Hollingshead | corporate director | 2017-06 | ||
| Deleesa Meashintubby | corporate director | 2023-06 | ||
| Donna King | corporate director | 2019-07 | ||
| Elizabeth Dunne | corporate officer | 2015-12 | ||
| Ione Adams | corporate director | 2024-07 | ||
| Kathleen Pruitt | corporate director | 2015-07 | ||
| Leonard Kearney | corporate director | 2011-01 | ||
| Linda Jackson | w-2 managing employee | 2023-07 | ||
| Lorraine Arvin | corporate director | 2024-07 | ||
| Mary Mcwilliams | corporate director | 2021-09 | ||
| Richard Magnuson | corporate officer | 2025-06 | ||
| Richard Wollenberg | corporate director | 2014-01 | ||
| Sarah Ness | corporate officer | 2026-01 | ||
| Sheila Lemieux | corporate director | 2024-09 | ||
| Thomas Karnes | corporate officer | 2023-01 | ||
| Timothy Ackman | corporate director | 2017-07 |
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 |