John Dempsey Hospital
Farmington, Hartford County, CT
· CCN 070036
Licensed to State Of Connecticut
Composite
60.5
rank score
Distress
82
FY2024
Fit
59
vs thesis
Estimated ticket
$11.6M–$23.1M
165 beds ·
within envelope
Ownership
government
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
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $660M |
| Operating margin | -29.6% |
| Total margin | -12.1% |
| Days cash on hand | 23 |
| Current ratio | 0.40 |
| Occupancy | 81% |
Facility
| Beds | 165 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 20 | $457M | $-172M | -56.0% | -31.8% | 26 | 0.97 | 65% | 8,327 | 87 |
| 2022 | 138 | $534M | $-122M | -40.7% | -19.5% | 17 | 0.51 | 75% | 9,221 | 91 |
| 2023 | 141 | $590M | $-35.1M | -24.8% | -5.0% | 4 | 0.25 | 85% | 10,170 | 87 |
| 2024 | 165 | $660M | $-91.9M | -29.6% | -12.1% | 23 | 0.40 | 81% | 11,300 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrew Agwunobi | corporate officer | 100 | 2024-05 | |
| Andrew Agwunobi | corporate director | 100 | 2024-05 | |
| Andrew Agwunobi | w-2 managing employee | 100 | 2024-05 | |
| Bruce Liang | operational/managerial control | 100 | 2022-02 | |
| Jeffrey Geoghegan | corporate officer | 100 | 2013-10 | |
| Jeffrey Geoghegan | operational/managerial control | 100 | 2013-10 | |
| State Of Connecticut | operational/managerial control | 100 | 1966-07 | |
| Chad Bianci | corporate director | 2015-04 | ||
| Savitri Appiah | corporate director | 2007-08 |
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 |