Inland Hospital
Waterville, Kennebec County, ME · CCN 200041
Composite
62.5
rank score
Distress
90
FY2023
Fit
55
vs thesis
Estimated ticket
$2.3M–$4.6M
33 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
- current ratio below 0.8
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $69.3M |
| Operating margin | -22.3% |
| Total margin | -3.2% |
| Days cash on hand | 0 |
| Current ratio | -0.03 |
| Occupancy | 55% |
Facility
| Beds | 33 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 33 | $57.2M | $8.3M | -34.3% | 9.8% | 0 | 0.96 | 42% | 1,021 | 72 |
| 2021 | 33 | $68.0M | $2.4M | -15.9% | 2.9% | 0 | 0.78 | 42% | 963 | 77 |
| 2022 | 33 | $63.3M | $-8.3M | -32.8% | -10.9% | 0 | 1.52 | 48% | 817 | 69 |
| 2023 | 33 | $69.3M | $-2.6M | -22.3% | -3.2% | 0 | -0.03 | 55% | 1,050 | 90 |
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 |