Mid Coast Hospital
dba Mainehealth Mid Coast Hospital ·
Brunswick, Cumberland County, ME
· CCN 200021
Licensed to Mainehealth
Composite
52.4
rank score
Distress
47
FY2023
Fit
78
vs thesis
Estimated ticket
$46.5M–$186M
93 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- under 30 days cash on hand
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $240M |
| Operating margin | -6.3% |
| Total margin | -1.6% |
| Days cash on hand | 2 |
| Current ratio | 1.71 |
| Occupancy | 76% |
Facility
| Beds | 93 |
| 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 | 92 | $181M | $-11.0M | -18.8% | -5.4% | 38 | 2.07 | 66% | 5,207 | 57 |
| 2021 | 92 | $157M | $32.0M | -3.2% | 16.5% | 3 | 2.16 | 51% | 3,581 | 40 |
| 2022 | 93 | $214M | $-58.8M | -14.0% | -25.9% | 3 | 1.84 | 75% | 4,174 | 67 |
| 2023 | 93 | $240M | $-4.0M | -6.3% | -1.6% | 2 | 1.71 | 76% | 4,495 | 47 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mainehealth Services | 5% or greater direct ownership interest | 100 | 2021-01 | |
| Mainehealth Services | operational/managerial control | 100 | 2021-01 | |
| Amanda Rand | corporate director | 2023-01 | ||
| Andrew Mueller | corporate officer | 2021-07 | ||
| Ann Bresnahan | corporate director | 2025-01 | ||
| Beth Kelsch | corporate officer | 2023-01 | ||
| Brett Loffredo | corporate director | 2019-01 | ||
| Brian Noyes | corporate director | 2016-10 | ||
| Charles Bayman | corporate officer | 2025-01 | ||
| Christopher Cimino | corporate director | 2025-10 | ||
| Daniel Loiselle | corporate director | 2019-01 | ||
| David Kumaki | corporate director | 2019-01 | ||
| Dawn Tutt | w-2 managing employee | 2013-12 | ||
| Heather Shanklin | corporate officer | 2025-10 | ||
| Jennifer Kent | corporate director | 2025-10 | ||
| Katherine Coster | corporate director | 2016-10 | ||
| Kathleen Herlihy | corporate director | 2019-01 | ||
| Kelly Elkins | corporate officer | 2023-01 | ||
| Leslie Boothby | corporate director | 2019-01 | ||
| Linda Terry | corporate director | 2023-01 | ||
| Lisa Beaule | corporate director | 2019-01 | ||
| Marie Mccarthy | corporate director | 2016-10 | ||
| Matthew Chin | corporate director | 2023-01 | ||
| Matthew Orlando | corporate director | 2025-01 | ||
| Morris Fisher | corporate director | 2013-06 |
Showing 25 of 32. Full list via /api/targets/200021.
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-01-01 | change of ownership | Mainehealth | Mid Coast Hospital |
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 |