Penobscot Valley Hospital
Lincoln, Penobscot County, ME
· CCN 201303
Licensed to Penobscot Valley Hospital
Composite
53.9
rank score
Distress
78
FY2023
Fit
47
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- debt above 70% of assets
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $22.9M |
| Operating margin | -11.3% |
| Total margin | -7.6% |
| Days cash on hand | 14 |
| Current ratio | 1.53 |
| Occupancy | 19% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $17.1M | $1.1M | -5.1% | 5.6% | 81 | 1.43 | 18% | 217 | 56 |
| 2021 | 25 | $19.8M | $5.9M | -9.3% | 21.3% | 62 | 1.90 | 20% | 248 | 41 |
| 2022 | 25 | $22.1M | $4.3K | -10.1% | 0.0% | 36 | 2.15 | 21% | 262 | 57 |
| 2023 | 25 | $22.9M | $-1.8M | -11.3% | -7.6% | 14 | 1.53 | 19% | 218 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Beatrice Szantyr | corporate director | 2017-05 | ||
| Debra Rancourt | w-2 managing employee | 2007-12 | ||
| Harold Thibodeau | corporate director | 2012-03 | ||
| Jennifer Crocker | w-2 managing employee | 2024-01 | ||
| Melissa Pelkey | corporate officer | 2024-07 | ||
| Melissa Pelkey | w-2 managing employee | 2024-02 | ||
| Phillip Dawson | corporate director | 2005-09 | ||
| Valerie Stevens | w-2 managing employee | 2020-08 |
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 |