Central Maine Medical Center
Lewiston, Androscoggin County, ME
· CCN 200024
Licensed to Central Maine Medical Center
Composite
52.7
rank score
Distress
62
FY2024
Fit
62
vs thesis
Estimated ticket
$15.9M–$31.8M
187 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- margin deteriorating
- rural — cheaper but limited density
- 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 · FY2024
| Net patient revenue | $407M |
| Operating margin | -24.2% |
| Total margin | -6.2% |
| Days cash on hand | 1 |
| Current ratio | 2.13 |
| Occupancy | 64% |
Facility
| Beds | 187 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 221 | $363M | $-17.5M | -20.9% | -4.2% | 21 | 0.65 | 48% | 9,252 | 86 |
| 2022 | 186 | $370M | $-25.5M | -29.7% | -5.6% | 3 | 1.18 | 58% | 7,709 | 68 |
| 2023 | 187 | $397M | $20.0M | -25.7% | 3.8% | 3 | 1.81 | 59% | 7,897 | 52 |
| 2024 | 187 | $407M | $-29.8M | -24.2% | -6.2% | 1 | 2.13 | 64% | 8,601 | 62 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Allen Stefanek | corporate officer | 2026-02 | ||
| Austin Albert | corporate director | 2018-01 | ||
| Central Maine Healthcare Corporation | operational/managerial control | 1996-01 | ||
| Christopher Doan | corporate officer | 2026-02 | ||
| David Paulosky | corporate officer | 2022-06 | ||
| Elizabeth Shew | corporate director | 2022-03 | ||
| Eric French | w-2 managing employee | 2021-11 | ||
| Kristen St. Peter | w-2 managing employee | 2021-03 | ||
| Marney Chalmers | corporate director | 2021-01 | ||
| Sonia Mehta | corporate director | 2026-02 | ||
| Steven Aleman | corporate director | 2026-02 | ||
| Sundeep Bhatia | corporate director | 2026-02 | ||
| Wesley Lew | corporate director | 2026-02 |
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 |