Northern Maine Medical Center
Fort Kent, Aroostook County, ME · CCN 200052
Composite
52.2
rank score
Distress
67
FY2023
Fit
55
vs thesis
Estimated ticket
$3.4M–$6.8M
40 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 30-60 days cash on hand
- 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 | $58.2M |
| Operating margin | -21.9% |
| Total margin | -20.7% |
| Days cash on hand | 32 |
| Current ratio | 2.04 |
| Occupancy | 46% |
Facility
| Beds | 40 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 40 | $55.2M | $1.9M | -12.5% | 3.0% | 207 | 1.73 | 46% | 1,037 | 30 |
| 2021 | 40 | $55.6M | $3.0M | -23.2% | 4.2% | 106 | 1.96 | 44% | 882 | 38 |
| 2022 | 40 | $59.2M | $4.7M | -24.4% | 6.0% | 59 | 5.61 | 55% | 1,129 | 47 |
| 2023 | 40 | $58.2M | $-12.2M | -21.9% | -20.7% | 32 | 2.04 | 46% | 832 | 67 |
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 |