St. Marys Hospital
Waterbury, New Haven County, CT
· CCN 070016
Licensed to Saint Mary's Hospital, Inc.
Composite
52.0
rank score
Distress
49
FY2023
Fit
75
vs thesis
Estimated ticket
$73.0M–$292M
146 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin under 2%
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $314M |
| Operating margin | -1.0% |
| Total margin | 1.8% |
| Days cash on hand | 0 |
| Current ratio | 2.88 |
| Occupancy | 55% |
Facility
| Beds | 146 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 152 | $283M | $35.2M | -1.9% | 10.9% | 104 | 1.95 | 59% | 8,867 | 22 |
| 2021 | 152 | $318M | $52.4M | 5.2% | 14.8% | 183 | 1.91 | 64% | 8,394 | 0 |
| 2022 | 152 | $311M | $2.2M | -2.5% | 0.7% | 91 | 5.53 | 61% | 8,323 | 23 |
| 2023 | 146 | $314M | $5.7M | -1.0% | 1.8% | 0 | 2.88 | 55% | 7,356 | 49 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Trinity Health Of New England Corporation Inc | 5% or greater direct ownership interest | 100 | 2016-08 | |
| Arosha Jayawickrema | corporate director | 2024-01 | ||
| Barbara Mullen | corporate director | 2019-01 | ||
| Catherine Spath | corporate director | 2023-02 | ||
| David Carter | corporate officer | 2022-10 | ||
| David Carter | corporate director | 2022-10 | ||
| Emily Brower | corporate director | 2021-01 | ||
| James Harris | corporate officer | 2017-06 | ||
| James Harris | operational/managerial control | 2019-02 | ||
| James Smith | corporate director | 2019-01 | ||
| 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 | ||
| Kimberly Kalajainen | corporate officer | 2022-04 | ||
| Kimberly Kalajainen | operational/managerial control | 2022-04 | ||
| Leslie Zanelli | contracted managing employee | 2022-01 | ||
| Michael Ryan | corporate officer | 2022-04 | ||
| Michael Ryan | operational/managerial control | 2022-04 | ||
| 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 Gumbardo | corporate director | 2022-01 |
Showing 25 of 32. Full list via /api/targets/070016.
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 |