Navos
dba West Seattle Psychiatric Hospital ·
Seattle, King County, WA
· CCN 504009
Licensed to Navos
Composite
59.9
rank score
Distress
57
FY2023
Fit
86
vs thesis
Estimated ticket
$16.4M–$65.5M
70 beds ·
within envelope
Ownership
nonprofit
PH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- under 30 days cash on hand
- liabilities exceed assets
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $24.5M |
| Operating margin | -6.7% |
| Total margin | -2.7% |
| Days cash on hand | 0 |
| Current ratio | 1.62 |
| Occupancy | 95% |
Facility
| Beds | 70 |
| Facility type | PH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 70 | $45.5M | $-3.2M | -17.9% | -6.4% | 41 | 3.07 | 91% | 752 | 57 |
| 2021 | 70 | $39.2M | $-6.5M | -29.5% | -14.7% | 71 | 2.98 | 100% | 766 | 54 |
| 2022 | 70 | $39.2M | $-4.6M | -13.0% | -11.6% | 127 | 3.15 | 93% | 609 | 53 |
| 2023 | 70 | $24.5M | $-699K | -6.7% | -2.7% | 0 | 1.62 | 95% | 659 | 57 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Multicare Health System | 5% or greater indirect ownership interest | 100 | 2017-05 | |
| Brian Abeel | corporate director | 2007-08 | ||
| Charles Purcell | corporate director | 2022-01 | ||
| Deedee Walkey | corporate director | 2012-10 | ||
| Dena Ashlock | corporate director | 2023-05 | ||
| Don Gillmore | corporate director | 2007-08 | ||
| Florence Chang | corporate officer | 2015-01 | ||
| Florence Chang | w-2 managing employee | 2015-01 | ||
| Frank Tombari | corporate director | 2022-01 | ||
| Gregory Unruh | corporate director | 2023-05 | ||
| Jaclyn Kirby | corporate director | 2023-05 | ||
| James Lee | corporate officer | 2022-06 | ||
| James Lee | w-2 managing employee | 2022-06 | ||
| Janine Terrano | corporate director | 2014-12 | ||
| Joanna Monroe | corporate director | 2019-01 | ||
| John Folsom | corporate director | 2012-10 | ||
| John Wiborg | corporate director | 2001-04 | ||
| Kelly Williams | w-2 managing employee | 1987-09 | ||
| Leslie Sowell | corporate director | 2012-10 | ||
| Michael Sweeney | corporate director | 2022-01 | ||
| Patricia Neuberger | corporate director | 2007-08 | ||
| Robert Yost | corporate director | 2006-09 | ||
| Robin Thomashauer | corporate director | 2020-11 | ||
| Sally Leighton | corporate director | 2012-10 | ||
| Sandra Rosenkranz | corporate director | 2022-01 |
Showing 25 of 29. Full list via /api/targets/504009.
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 Counseling Center | 22 |