Sharon Hospital
Sharon, Litchfield County, CT
· CCN 070004
Licensed to Vassar Health Connecticut Inc
Composite
59.9
rank score
Distress
88
FY2023
Fit
46
vs thesis
Estimated ticket
$3.5M–$7.0M
50 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $47.7M |
| Operating margin | -54.6% |
| Total margin | -48.5% |
| Days cash on hand | 11 |
| Current ratio | 1.75 |
| Occupancy | 24% |
Facility
| Beds | 50 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 66 | $46.0M | $-5.6M | -32.3% | -10.2% | 86 | 0.38 | 24% | 1,875 | 84 |
| 2021 | 66 | $48.0M | $-20.2M | -35.5% | -45.1% | 5 | 0.44 | 23% | 1,755 | 100 |
| 2022 | 66 | $47.0M | $-22.9M | -55.0% | -45.9% | 11 | 0.94 | 17% | 1,223 | 96 |
| 2023 | 50 | $47.7M | $-24.1M | -54.6% | -48.5% | 11 | 1.75 | 24% | 1,123 | 88 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Health Quest Systems Inc | 5% or greater direct ownership interest | 100 | 2017-08 | |
| Northwell Health System, Inc. | 5% or greater indirect ownership interest | 100 | 2025-05 | |
| Northwell, Inc. | 5% or greater indirect ownership interest | 100 | 2025-05 | |
| Nuvance Health | 5% or greater indirect ownership interest | 100 | 2019-04 | chain |
| Anne Roby | corporate director | 2025-05 | ||
| Brian Wyatt | corporate officer | 2026-01 | ||
| Brian Wyatt | corporate director | 2026-01 | ||
| Daniel Debarba | corporate officer | 2022-09 | ||
| Daniel Debarba | w-2 managing employee | 2022-09 | ||
| Donald Jones | corporate director | 2025-05 | ||
| Ervin Shames | corporate director | 2025-05 | ||
| Francoise Dunefsky | corporate director | 2025-05 | ||
| Gregory Rakow | corporate director | 2025-05 | ||
| Howard Gold | corporate director | 2025-05 | ||
| Javid Shahid | corporate director | 2025-05 | ||
| John D'angelo | corporate officer | 2025-10 | ||
| John D'angelo | corporate director | 2025-10 | ||
| Joseph Divestea | corporate director | 2025-05 | ||
| Kathleen Gallo | corporate director | 2025-05 | ||
| Laurence Kraemer | corporate officer | 2026-01 | ||
| Laurence Kraemer | corporate director | 2026-01 | ||
| Margaret Crotty | corporate director | 2025-05 | ||
| Mark Gudis | corporate director | 2025-05 | ||
| Mark Solazzo | corporate director | 2025-05 | ||
| Michael Feldman | corporate director | 2025-05 |
Showing 25 of 38. Full list via /api/targets/070004.
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2017-08-01 | change of ownership | Vassar Health Connecticut Inc | Essent Healthcare Of Connecticut, Inc. |
Who has been buying in CT
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 |
|---|---|---|---|---|
| 2019-10-01 | Svmc Holdings, Inc | St. Vincent's Medical Center | St. Vincents Medical Center | 219 |
| 2019-06-09 | Bridgeport Hospital | Milford Hospital, Inc | Bridgeport Hospital | 390 |
| 2017-08-01 | Vassar Health Connecticut Inc | Essent Healthcare Of Connecticut, Inc. | Sharon Hospital | 50 |