Johnson Memorial Hospital Inc.
Stafford Springs, Tolland County, CT
· CCN 070008
Licensed to Johnson Memorial Hospital Inc
Composite
65.9
rank score
Distress
92
FY2023
Fit
56
vs thesis
Estimated ticket
$15.4M–$61.6M
44 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- current ratio below 0.8
- debt above 70% of assets
- occupancy below 30%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- small but workable bed count
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $58.3M |
| Operating margin | -14.3% |
| Total margin | -9.7% |
| Days cash on hand | — |
| Current ratio | 0.29 |
| Occupancy | 24% |
Facility
| Beds | 44 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 44 | $70.2M | $12.4M | -5.5% | 14.3% | — | 1.33 | 33% | 1,605 | 40 |
| 2021 | 44 | $76.6M | $-578K | -2.6% | -0.7% | — | 1.36 | 28% | 1,228 | 46 |
| 2022 | 44 | $65.6M | $-10.5M | -20.4% | -15.2% | 4 | 0.71 | 28% | 1,237 | 89 |
| 2023 | 44 | $58.3M | $-5.9M | -14.3% | -9.7% | — | 0.29 | 24% | 1,112 | 92 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Trinity Health Corporation | 5% or greater indirect ownership interest | 100 | 2016-01 | chain |
| Trinity Health Of New England Corporation Inc | 5% or greater indirect ownership interest | 100 | 2016-01 | |
| Antonio Perugino | corporate officer | 2024-11 | ||
| Antonio Perugino | operational/managerial control | 2024-11 | ||
| Arosha Jayawickrema | corporate director | 2024-01 | ||
| Barbara Mullen | corporate director | 2019-01 | ||
| David Carter | corporate officer | 2022-10 | ||
| David Carter | corporate director | 2022-10 | ||
| Garrett Casey | corporate director | 2025-01 | ||
| James Harris | corporate officer | 2017-02 | ||
| James Harris | operational/managerial control | 2019-02 | ||
| Joann Price | corporate officer | 2024-01 | ||
| Joann Price | corporate director | 2019-01 | ||
| John Kinney | corporate director | 2024-01 | ||
| Juan Betancourt | corporate director | 2020-01 | ||
| Karl Krapek | corporate director | 2021-01 | ||
| Michelle Theroux | corporate director | 2022-01 | ||
| Nancy Kroeber | corporate director | 2022-01 | ||
| Robert Anthony | contracted managing employee | 2017-09 | ||
| Robert Anthony | corporate officer | 2019-01 | ||
| Robert Roose | corporate officer | 2022-04 | ||
| Robert Roose | operational/managerial control | 2022-04 | ||
| Sheri Lemieux | corporate officer | 2019-01 | ||
| Stuart Kilpinen | operational/managerial control | 2023-06 | ||
| Tina Weatherwax Grant | corporate director | 2025-01 |
Showing 25 of 28. Full list via /api/targets/070008.
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 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 |