Bridgeport Hospital
Bridgeport, Fairfield County, CT
· CCN 070010
Licensed to Bridgeport Hospital
Composite
61.3
rank score
Distress
72
FY2023
Fit
67
vs thesis
Estimated ticket
$27.3M–$54.6M
390 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- current ratio below 0.8
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $771M |
| Operating margin | -17.1% |
| Total margin | -6.3% |
| Days cash on hand | — |
| Current ratio | 0.69 |
| Occupancy | 73% |
Facility
| Beds | 390 |
| 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 | 387 | $596M | $-8.5M | -24.9% | -1.2% | 77 | 1.66 | 73% | 18,818 | 46 |
| 2021 | 387 | $720M | $46.5M | -9.4% | 5.6% | 52 | 1.27 | 80% | 19,409 | 42 |
| 2022 | 387 | $745M | $-31.7M | -12.5% | -3.9% | 15 | 1.10 | 76% | 17,842 | 66 |
| 2023 | 390 | $771M | $-53.8M | -17.1% | -6.3% | — | 0.69 | 73% | 21,550 | 72 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Yale-New Haven Health Services Corporation | 5% or greater direct ownership interest | 100 | 2003-10 | chain |
| Annemarie Diamond | corporate officer | 2022-01 | ||
| Eddy Rodriguez | corporate director | 2025-01 | ||
| Gail Kosyla | corporate officer | 2025-01 | ||
| Jacqueline Wrinn | corporate director | 2025-03 | ||
| Jacqueline Wrinn | w-2 managing employee | 2025-03 | ||
| John Falconi | corporate officer | 2025-01 | ||
| Mihaela Costin | corporate officer | 2019-01 | ||
| Richard Mesienheimer | corporate director | 2019-06 | ||
| Ronald Noren | corporate director | 2010-12 | ||
| Thomas Lenci | corporate officer | 2019-01 | ||
| William Aseltyne | corporate officer | 2025-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-06-09 | acquisition/merger | Bridgeport Hospital | Milford Hospital, 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 |