Southern Maine Health Care
Biddeford, York County, ME · CCN 200019
Composite
53.9
rank score
Distress
53
FY2023
Fit
75
vs thesis
Estimated ticket
$59.5M–$238M
140 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $374M |
| Operating margin | -7.3% |
| Total margin | -3.3% |
| Days cash on hand | 1 |
| Current ratio | 1.60 |
| Occupancy | 58% |
Facility
| Beds | 140 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 140 | $271M | $-19.6M | -14.2% | -6.8% | 1 | 0.98 | 45% | 5,774 | 73 |
| 2021 | 140 | $325M | $28.0M | 0.2% | 7.9% | 1 | 1.36 | 61% | 6,418 | 32 |
| 2022 | 140 | $352M | $-16.8M | -9.9% | -4.5% | 1 | 1.42 | 72% | 6,467 | 60 |
| 2023 | 140 | $374M | $-12.7M | -7.3% | -3.3% | 1 | 1.60 | 58% | 6,501 | 53 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |