Blue Hill Memorial Hospital
dba Northern Light Blue Hill Hospital ·
Blue Hill, Hancock County, ME
· CCN 201300
Licensed to The Blue Hill Memorial Hospital
Composite
29.2
rank score
Distress
25
FY2023
Fit
45
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- occupancy 30-45%
- margin deteriorating
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $41.7M |
| Operating margin | -0.9% |
| Total margin | 3.4% |
| Days cash on hand | 347 |
| Current ratio | 3.00 |
| Occupancy | 34% |
Facility
| Beds | 25 |
| Facility type | CAH |
| 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 | 25 | $31.5M | $2.9M | -18.9% | 7.1% | 200 | 4.10 | 28% | 287 | 37 |
| 2021 | 25 | $40.7M | $6.0M | 3.6% | 13.2% | 238 | 2.22 | 40% | 346 | 6 |
| 2022 | 25 | $43.0M | $7.5M | 7.6% | 15.9% | 283 | 3.02 | 31% | 360 | 6 |
| 2023 | 25 | $41.7M | $1.6M | -0.9% | 3.4% | 347 | 3.00 | 34% | 396 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Wendy Merchant | corporate officer | 2013-10 | ||
| Wendy Merchant | operational/managerial control | 2013-10 |
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 |
|---|---|---|---|---|
| 2021-07-01 | Calais Community Hospital | Calais Regional Hospital | Calais Community Hospital | 25 |
| 2020-03-01 | Mrh Corp | Hospital Administrative District 4 | Mayo Regional Hospital | 25 |