Rockville General Hospital Inc.
Vernon, Tolland County, CT · CCN 070012
Composite
72.6
rank score
Distress
100
FY2023
Fit
69
vs thesis
Estimated ticket
$35.7M–$143M
102 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $30.0M |
| Operating margin | -57.7% |
| Total margin | -48.4% |
| Days cash on hand | 7 |
| Current ratio | 0.00 |
| Occupancy | 3% |
Facility
| Beds | 102 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 102 | $43.0M | $-9.8M | -50.1% | -18.0% | 2 | -0.38 | 12% | 523 | 100 |
| 2021 | 102 | $31.5M | $-20.3M | -45.9% | -79.5% | 7 | -1.02 | — | — | 88 |
| 2022 | 102 | $31.0M | $693K | -35.6% | 1.6% | 0 | -0.68 | 2% | 228 | 76 |
| 2023 | 102 | $30.0M | $-15.1M | -57.7% | -48.4% | 7 | 0.00 | 3% | 278 | 100 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |