Mainegeneral Medical Center
Augusta, Kennebec County, ME · CCN 200039
Composite
52.7
rank score
Distress
62
FY2024
Fit
62
vs thesis
Estimated ticket
$15.8M–$31.6M
186 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- margin deteriorating sharply
- 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 | $591M |
| Operating margin | -16.1% |
| Total margin | -1.9% |
| Days cash on hand | 12 |
| Current ratio | 1.70 |
| Occupancy | 79% |
Facility
| Beds | 186 |
| 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 | 186 | $498M | $23.2M | -17.5% | 3.7% | 14 | 1.52 | 84% | 9,942 | 50 |
| 2022 | 186 | $519M | $-13.0M | -22.2% | -2.0% | 13 | 2.15 | 90% | 9,854 | 58 |
| 2023 | 186 | $560M | $-12.6M | -17.8% | -1.9% | 11 | 1.80 | 85% | 8,863 | 58 |
| 2024 | 186 | $591M | $-13.2M | -16.1% | -1.9% | 12 | 1.70 | 79% | 8,706 | 62 |
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 |