Mayo Regional Hospital
dba Northern Light Mayo Hospital ·
Dover-Foxcroft, Piscataquis County, ME
· CCN 201309
Licensed to Mrh Corp
Composite
27.6
rank score
Distress
24
FY2023
Fit
42
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- 60-90 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $63.1M |
| Operating margin | 3.3% |
| Total margin | 11.8% |
| Days cash on hand | 69 |
| Current ratio | 2.82 |
| Occupancy | 44% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| 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 | $24.2M | $14.2M | -29.0% | 30.2% | 143 | 0.99 | 44% | 481 | 54 |
| 2021 | 25 | $56.2M | $4.8M | 1.4% | 7.9% | 18 | 1.01 | 43% | 926 | 38 |
| 2022 | 25 | $60.7M | $5.2M | 1.2% | 8.0% | 38 | 1.37 | 44% | 751 | 32 |
| 2023 | 25 | $63.1M | $8.2M | 3.3% | 11.8% | 69 | 2.82 | 44% | 812 | 24 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amanda Thomas | corporate director | 2020-03 | ||
| Andrew Walker | corporate director | 2020-03 | ||
| Anthony Zambrano | corporate director | 2020-03 | ||
| Barbet Mason | corporate director | 2023-10 | ||
| Carla Ritchie | corporate director | 2026-01 | ||
| Christopher Winstead | corporate director | 2025-01 | ||
| D. Jenson Bissell | corporate director | 2020-03 | ||
| Diane Bartley | corporate director | 2025-01 | ||
| Eastern Maine Healthcare Services | other | 2020-03 | ||
| Galen Durose | corporate director | 2025-01 | ||
| George Eaton | corporate officer | 2022-10 | ||
| James Rohrbaugh | corporate officer | 2025-01 | ||
| Jennifer Goodrich | corporate officer | 2020-03 | ||
| Lori Towne | corporate director | 2023-06 | ||
| Mary Fowle | corporate director | 2025-01 | ||
| Michael Roy | corporate director | 2025-01 | ||
| Randall Clark | corporate director | 2025-10 | ||
| Randall Clark | w-2 managing employee | 2025-10 | ||
| Reuben Hudson | corporate director | 2025-10 | ||
| Richard Cabot | corporate director | 2020-03 | ||
| Troy Brown | corporate director | 2026-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-03-01 | change of ownership | Mrh Corp | Hospital Administrative District 4 |
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 |