St. Lukes Rehabilitation Inst.
dba Providence St Lukes Rehabilitation Medical Center ·
Spokane, Spokane County, WA
· CCN 503025
Licensed to Providence Health & Services- Washington
Composite
65.4
rank score
Distress
72
FY2023
Fit
82
vs thesis
Estimated ticket
$20.7M–$82.8M
91 beds ·
within envelope
Ownership
nonprofit
RH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $43.8M |
| Operating margin | -57.1% |
| Total margin | -22.4% |
| Days cash on hand | 18 |
| Current ratio | 5.14 |
| Occupancy | 49% |
Facility
| Beds | 91 |
| Facility type | RH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $228K |
| Per-bed (high) | $910K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 97 | $43.7M | $244K | -8.7% | 0.5% | 0 | -2.62 | 56% | 1,436 | 74 |
| 2021 | 91 | $41.0M | $555K | -30.0% | 1.0% | 18 | 2.32 | 52% | 1,222 | 56 |
| 2022 | 91 | $38.0M | $-489K | -33.1% | -1.0% | 19 | 2.12 | 48% | 1,094 | 60 |
| 2023 | 91 | $43.8M | $-12.6M | -57.1% | -22.4% | 18 | 5.14 | 49% | 1,201 | 72 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anna Newsom | corporate officer | 2022-05 | ||
| Charles Sorenson | corporate director | 2019-01 | ||
| Darryl Elmouchi | corporate officer | 2025-04 | ||
| Diane Hejna | corporate director | 2016-07 | ||
| Donald Anderson | corporate officer | 2017-01 | ||
| Donna Markham | corporate director | 2024-01 | ||
| Eric Sprunk | corporate director | 2022-01 | ||
| Gregory Hoffman | corporate officer | 2020-10 | ||
| Isiaah Crawford | corporate director | 2012-01 | ||
| James Martin | corporate officer | 2023-01 | ||
| Justin Voelker | w-2 managing employee | 2024-07 | ||
| Karin Dufault | corporate director | 2025-01 | ||
| Linda Buck | corporate director | 2025-01 | ||
| Marvin O'quinn | corporate director | 2024-01 | ||
| Mary Beth Kingston | corporate director | 2022-09 | ||
| Mary Lyons | corporate director | 2016-07 | ||
| Michael Murphy | corporate director | 2020-01 | ||
| Nancy Webster | w-2 managing employee | 2021-01 | ||
| Phyllis Hughes | corporate director | 2014-01 | ||
| Providence Health & Services | other | 2021-01 | ||
| Providence Health & Services - Washington | 5% or greater direct ownership interest | 2021-01 | ||
| Providence Health & Services - Washington | operational/managerial control | 2021-01 | ||
| Providence St. Joseph Health | other | 2021-01 | ||
| Richard Blair | corporate director | 2016-07 | ||
| Rogelio Riojas | corporate director | 2025-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-01-01 | change of ownership | Providence Health & Services-... | Inland Northwest Health Services |
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 |
|---|---|---|---|---|
| 2021-01-01 | Providence Health & Services- Washington | Inland Northwest Health Services | St. Lukes Rehabilitation Inst. | 91 |