St. Vincents Medical Center
dba St Vincent's Medical Center ·
Bridgeport, Fairfield County, CT
· CCN 070028
Licensed to Svmc Holdings, Inc
Composite
53.2
rank score
Distress
63
FY2023
Fit
62
vs thesis
Estimated ticket
$18.6M–$37.2M
219 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- debt above 70% of assets
- margin slipping
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $548M |
| Operating margin | -10.9% |
| Total margin | -3.8% |
| Days cash on hand | 15 |
| Current ratio | 1.61 |
| Occupancy | 82% |
Facility
| Beds | 219 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 198 | $338M | $-12.7M | -19.5% | -3.2% | 59 | 1.16 | 66% | 9,704 | 60 |
| 2021 | 195 | $433M | $-21.4M | -12.7% | -4.6% | 11 | 0.80 | 77% | 10,957 | 71 |
| 2022 | 211 | $481M | $-38.1M | -12.7% | -7.6% | 6 | 1.39 | 83% | 11,180 | 66 |
| 2023 | 219 | $548M | $-22.3M | -10.9% | -3.8% | 15 | 1.61 | 82% | 12,236 | 63 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hartford Healthcare Corporation | 5% or greater direct ownership interest | 100 | 2019-10 | |
| Carol Birks | corporate director | 2019-10 | ||
| Christopher Given | corporate officer | 2023-06 | ||
| Christopher Given | corporate director | 2023-06 | ||
| Christopher Given | w-2 managing employee | 2023-06 | ||
| Christopher Given | operational/managerial control | 2023-06 | ||
| Dara Richards | corporate director | 2019-10 | ||
| Debra Liebowitz | corporate director | 2023-06 | ||
| Douglas Grabe | corporate director | 2023-06 | ||
| George Estrada | corporate director | 2019-10 | ||
| Jane Manning | corporate director | 2023-06 | ||
| Lucia Teixeira | corporate director | 2019-10 | ||
| Patrick Toole | corporate director | 2023-06 | ||
| Peter Cimino | corporate director | 2023-06 | ||
| Rahul Gupta | corporate director | 2023-06 | ||
| Rina Bakalar | corporate director | 2024-06 | ||
| Robin Cautin | corporate director | 2023-06 | ||
| Strick Woods | corporate director | 2019-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-10-01 | change of ownership | Svmc Holdings, Inc | St. Vincent's Medical Center |
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 |