Silver Hill Hospital
New Canaan, Fairfield County, CT
· CCN 074014
Licensed to Silver Hill Hospital, Inc
Composite
55.8
rank score
Distress
60
FY2023
Fit
72
vs thesis
Estimated ticket
$8.2M–$32.7M
35 beds ·
within envelope
Ownership
nonprofit
PH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- current liabilities exceed current assets
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $52.1M |
| Operating margin | -17.7% |
| Total margin | -2.9% |
| Days cash on hand | 16 |
| Current ratio | 0.90 |
| Occupancy | 62% |
Facility
| Beds | 35 |
| Facility type | PH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 42 | $32.1M | $-4.3M | -25.8% | -12.0% | 150 | 2.52 | 44% | 684 | 54 |
| 2022 | 35 | $45.2M | $4.2M | -16.6% | 7.4% | 37 | 1.04 | 42% | 564 | 53 |
| 2023 | 35 | $52.1M | $-1.7M | -17.7% | -2.9% | 16 | 0.90 | 62% | 736 | 60 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amy Bauman | corporate director | 2019-08 | ||
| Andrew Gerber | corporate officer | 2019-08 | ||
| Andrew Gerber | corporate director | 2019-08 | ||
| Cheryl Wiesenfeld | corporate director | 2019-08 | ||
| David Hunt | corporate director | 2019-08 | ||
| David Stifelman | corporate director | 2019-08 | ||
| Deann Murphy | corporate director | 2019-08 | ||
| Deborah Shabecoff | corporate director | 2019-08 | ||
| Dennis Dolan | corporate officer | 2017-10 | ||
| Hendrik Hartong | corporate director | 2019-08 | ||
| James Perakis | corporate director | 2019-08 | ||
| Lance Lundberg | corporate director | 2019-08 | ||
| Linda Autore | corporate director | 2019-08 | ||
| Lisa Benton | operational/managerial control | 2019-08 | ||
| Michael Groat | operational/managerial control | 2019-08 | ||
| Peter Fonagy | corporate director | 2019-08 | ||
| Peter Orthwein | corporate director | 2019-08 | ||
| Richard Canning | corporate director | 2019-08 | ||
| Richard Gannon | corporate director | 2019-08 | ||
| Ross Markello | corporate officer | 2021-04 | ||
| Ross Markello | operational/managerial control | 2021-04 | ||
| Sperry Decew | corporate director | 2019-08 | ||
| Todd Hollander | corporate director | 2019-08 | ||
| Ward Cleary | corporate director | 2019-08 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.