Calais Community Hospital
Calais, Washington County, ME
· CCN 201305
Licensed to Calais Community Hospital
Composite
40.7
rank score
Distress
54
FY2023
Fit
41
vs thesis
Estimated ticket
$1.8M–$3.6M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin -10% to -5%
- total margin under 2%
- 60-90 days cash on hand
- debt above 70% of assets
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- 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 | $25.5M |
| Operating margin | -6.4% |
| Total margin | 1.0% |
| Days cash on hand | 73 |
| Current ratio | 2.55 |
| Occupancy | 14% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $72.2K |
| Per-bed (high) | $144K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $23.5M | $2.6M | -11.1% | 8.9% | 26 | 1.85 | 27% | 301 | 70 |
| 2021 | 25 | $10.5M | $2.8M | -1.7% | 20.7% | 222 | 2.18 | 14% | 107 | 29 |
| 2022 | 25 | $23.2M | $-298K | -8.9% | -1.2% | 72 | 2.06 | 13% | 208 | 53 |
| 2023 | 25 | $25.5M | $268K | -6.4% | 1.0% | 73 | 2.55 | 14% | 291 | 54 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Usda Department Of Agriculture Rural Development | 5% or greater mortgage interest | 100 | 2021-07 | |
| Betty Marshall | corporate director | 2021-03 | ||
| Christian Inegbeniji | corporate director | 2021-03 | ||
| Corey Schwinn | corporate director | 2021-03 | ||
| Down East Community Hospital | other | 2021-07 | ||
| Eric Burke | corporate director | 2021-03 | ||
| Genevieve Westhaver | w-2 managing employee | 2021-05 | ||
| Jacqueline O'clair | corporate director | 2021-03 | ||
| John Corrigan | corporate director | 2021-03 | ||
| Karen Eldrigde | corporate director | 2021-03 | ||
| Kathryn Land | corporate officer | 2021-03 | ||
| Lisa Carlisle | corporate officer | 2021-03 | ||
| Lynnette Parr | corporate officer | 2021-03 | ||
| Michael Hennessey | corporate officer | 2021-03 | ||
| Nate Martell | corporate officer | 2021-03 | ||
| Rita Ten | corporate director | 2021-03 | ||
| Rose St. Louis | corporate director | 2021-03 | ||
| Steve Lail | corporate officer | 2021-07 | ||
| Wayne Peters | corporate director | 2021-03 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-07-01 | change of ownership | Calais Community Hospital | Calais Regional Hospital |
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 |