Maine Medical Center
dba Mainehealth Maine Medical Center ·
Portland, Cumberland County, ME
· CCN 200009
Licensed to Mainehealth
Composite
16.9
rank score
Distress
45
FY2023
Fit
55
vs thesis
Estimated ticket
$340M–$1.4B
679 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $1.9B |
| Operating margin | -17.1% |
| Total margin | 2.3% |
| Days cash on hand | 12 |
| Current ratio | 1.71 |
| Occupancy | 79% |
Facility
| Beds | 679 |
| 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 | 575 | $1.4B | $-5.8M | -18.3% | -0.3% | 15 | 2.59 | 73% | 27,648 | 62 |
| 2021 | 639 | $1.6B | $117M | -13.2% | 5.9% | 15 | 2.74 | 81% | 27,258 | 50 |
| 2022 | 639 | $1.7B | $-56.6M | -23.5% | -2.8% | 12 | 1.99 | 96% | 26,532 | 58 |
| 2023 | 679 | $1.9B | $52.6M | -17.1% | 2.3% | 12 | 1.71 | 79% | 29,800 | 45 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mainehealth Services | 5% or greater direct ownership interest | 100 | 2019-01 | |
| Mainehealth Services | operational/managerial control | 100 | 2019-01 | |
| Alissa Chasse | w-2 managing employee | 2025-01 | ||
| Amanda Rand | corporate director | 2023-01 | ||
| Andrew Mueller | corporate officer | 2021-07 | ||
| Ann Bresnahan | corporate director | 2023-10 | ||
| Beth Kelsch | corporate officer | 2025-04 | ||
| Brett Loffredo | corporate director | 2019-01 | ||
| Brian Noyes | corporate director | 2016-10 | ||
| Charles Bayman | corporate officer | 2025-12 | ||
| Charles Bayman | corporate director | 2025-12 | ||
| Christopher Cimino | corporate director | 2025-10 | ||
| Christopher Coon | corporate officer | 2016-01 | ||
| Daniel Loiselle | corporate director | 2019-01 | ||
| David Kumaki | corporate director | 2019-01 | ||
| Dawn Tutt | w-2 managing employee | 2013-12 | ||
| Jennifer Kent | corporate director | 2025-10 | ||
| Katherine Coster | corporate director | 2016-10 | ||
| Kathleen Herlihy | corporate director | 2019-01 | ||
| Kelly Champney | corporate officer | 2026-06 | ||
| Kelly Elkins | corporate officer | 2022-01 | ||
| Leslie Boothby | corporate director | 2019-01 | ||
| Linda Terry | corporate director | 2022-01 | ||
| Lisa Beaule | corporate director | 2019-01 | ||
| Marie Mccarthy | corporate director | 2016-10 |
Showing 25 of 35. Full list via /api/targets/200009.
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 ME
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 |
|---|---|---|---|---|
| 2021-01-01 | Mainehealth | Mid Coast Hospital | Mid Coast Hospital | 93 |