Natchaug Hospital
Mansfield Center, Tolland County, CT
· CCN 074008
Licensed to Natchaug Hospital, Inc
Composite
63.0
rank score
Distress
76
FY2023
Fit
72
vs thesis
Estimated ticket
$11.4M–$45.4M
59 beds ·
within envelope
Ownership
nonprofit
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 70% of assets
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- 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 | $37.9M |
| Operating margin | -43.6% |
| Total margin | -9.0% |
| Days cash on hand | 6 |
| Current ratio | 0.40 |
| Occupancy | 81% |
Facility
| Beds | 59 |
| Facility type | PH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 57 | $33.9M | $-8.6M | -68.5% | -17.6% | 33 | 0.99 | 83% | 1,781 | 74 |
| 2021 | 57 | $38.4M | $-4.1M | -43.6% | -8.0% | 47 | 0.71 | 73% | 1,440 | 74 |
| 2022 | 59 | $42.2M | $714K | -32.2% | 1.3% | 10 | 0.64 | 82% | 1,472 | 67 |
| 2023 | 59 | $37.9M | $-4.5M | -43.6% | -9.0% | 6 | 0.40 | 81% | 1,368 | 76 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hartford Healthcare Corporation | 5% or greater direct ownership interest | 100 | 1998-08 | |
| Anita Lee | corporate director | 2024-01 | ||
| Anthony Joyce | corporate director | 2020-01 | ||
| Christina Nadeau | corporate director | 2024-06 | ||
| Daniel King | corporate director | 2024-06 | ||
| Donna Handley | corporate director | 2024-01 | ||
| Donna Romito Rolla | corporate director | 2024-10 | ||
| Henry Beck | corporate director | 2019-01 | ||
| Jennifer Bellino | corporate director | 2024-11 | ||
| Lee-Ann Gomes | corporate director | 2024-01 | ||
| Mark Tramontozzi | corporate director | 2019-01 | ||
| Michele Scott | corporate director | 2025-03 | ||
| Paul Maloney | corporate director | 2007-12 | ||
| Paul Maloney | w-2 managing employee | 2007-12 | ||
| Stephen Larcen | corporate director | 2025-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.