Charlotte Hungerford Hospital
Torrington, Litchfield County, CT
· CCN 070011
Licensed to The Charlotte Hungerford Hospital
Composite
58.2
rank score
Distress
60
FY2023
Fit
78
vs thesis
Estimated ticket
$45.9M–$184M
108 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- margin deteriorating
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $173M |
| Operating margin | -9.5% |
| Total margin | -5.5% |
| Days cash on hand | 2 |
| Current ratio | 1.04 |
| Occupancy | 68% |
Facility
| Beds | 108 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 91 | $131M | $-4.4M | -22.8% | -2.8% | 94 | 1.01 | 63% | 5,335 | 43 |
| 2021 | 91 | $159M | $20.6M | -6.9% | 10.8% | 56 | 1.05 | 68% | 5,316 | 42 |
| 2022 | 91 | $164M | $-1.6M | -8.9% | -0.9% | 2 | 1.24 | 73% | 5,178 | 56 |
| 2023 | 108 | $173M | $-9.9M | -9.5% | -5.5% | 2 | 1.04 | 68% | 5,283 | 60 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hartford Healthcare Corporation | 5% or greater direct ownership interest | 100 | 2018-01 | |
| Aaron Mambrino | corporate director | 2024-01 | ||
| Bimal Patel | corporate director | 2022-01 | ||
| Cathy-Lynne Coyle | corporate director | 2024-01 | ||
| Cheryl Considine | corporate director | 2022-11 | ||
| Cheryl Considine | w-2 managing employee | 2005-12 | ||
| Diane Libby | corporate director | 2020-01 | ||
| Jeffrey Borghesi | corporate director | 2020-01 | ||
| John Janco | corporate director | 2020-01 | ||
| John Lavieri | corporate director | 2020-01 | ||
| Joseph Abreu | corporate director | 2024-01 | ||
| Maria Coutant Skinner | corporate director | 2024-01 | ||
| Maria Gonzalez | corporate director | 2024-01 | ||
| Rebecca Johannes | corporate director | 2023-01 | ||
| Rebecca Johannes | w-2 managing employee | 2023-01 | ||
| Robert Lindenberg | corporate director | 2024-01 | ||
| Rocco Orlando | corporate director | 2018-01 | ||
| Stefanie Durstin | corporate director | 2024-01 |
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 |