Charles A Dean Memorial Hospital
dba Northern Light C A Dean Hospital ·
Greenville, Piscataquis County, ME
· CCN 201301
Licensed to Charles A Dean Memorial Hospital
Composite
35.5
rank score
Distress
39
FY2023
Fit
45
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- 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 | $19.1M |
| Operating margin | -17.9% |
| Total margin | 1.0% |
| Days cash on hand | 177 |
| Current ratio | 2.59 |
| Occupancy | 44% |
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 | $17.0M | $833K | -9.8% | 4.2% | 260 | 2.52 | 63% | 79 | 22 |
| 2021 | 25 | $20.0M | $4.6M | -1.5% | 18.6% | 232 | 3.27 | 65% | 91 | 16 |
| 2022 | 25 | $20.3M | $740K | -6.5% | 3.3% | 173 | 2.82 | 51% | 127 | 24 |
| 2023 | 25 | $19.1M | $240K | -17.9% | 1.0% | 177 | 2.59 | 44% | 144 | 39 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amanda Thomas | corporate director | 2025-01 | ||
| Andrew Walker | corporate director | 2025-01 | ||
| Anthony Zambrano | corporate director | 2025-01 | ||
| Barbet Mason | corporate director | 2022-01 | ||
| Carla Ritchie | corporate director | 2026-01 | ||
| Christopher Winstead | corporate director | 2021-11 | ||
| D. Jenson Bissell | corporate director | 2021-11 | ||
| Diane Bartley | corporate director | 2018-01 | ||
| Galen Durose | corporate director | 2024-10 | ||
| George Eaton | corporate officer | 2022-10 | ||
| Gerald Merrill | corporate director | 2025-01 | ||
| James Rohrbaugh | corporate officer | 2025-01 | ||
| Jennifer Goodrich | corporate officer | 2013-01 | ||
| Lori Towne | corporate director | 2025-01 | ||
| Mary Fowle | corporate director | 2022-11 | ||
| Michael Roy | corporate director | 2025-01 | ||
| Randall Clark | corporate officer | 2025-10 | ||
| Randall Clark | w-2 managing employee | 2025-10 | ||
| Reuben Hudson | corporate officer | 2025-10 | ||
| Richard Cabot | corporate director | 2025-01 | ||
| Troy Brown | corporate director | 2026-01 |
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 |