Waldo County General Hospital
dba Mainehealth Waldo Hospital ·
Belfast, Waldo County, ME
· CCN 201312
Licensed to Mainehealth
Composite
36.5
rank score
Distress
34
FY2023
Fit
53
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- current liabilities exceed current assets
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $127M |
| Operating margin | 0.8% |
| Total margin | 11.1% |
| Days cash on hand | 2 |
| Current ratio | 0.93 |
| Occupancy | 82% |
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 | $95.8M | $-9.7M | -10.3% | -10.1% | 3 | 1.93 | 63% | 982 | 67 |
| 2021 | 25 | $108M | $-10.3M | 1.6% | -10.8% | 1 | 1.21 | 73% | 942 | 49 |
| 2022 | 25 | $115M | $8.6M | -6.4% | 6.5% | 2 | 1.70 | 85% | 1,013 | 44 |
| 2023 | 25 | $127M | $15.8M | 0.8% | 11.1% | 2 | 0.93 | 82% | 1,015 | 34 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mainehealth Services | 5% or greater direct ownership interest | 100 | 2019-01 | |
| Alissa Chasse | w-2 managing employee | 2019-01 | ||
| Amanda Rand | corporate director | 2019-01 | ||
| Andrew Mueller | corporate officer | 2021-04 | ||
| Ann Bresnahan | corporate director | 2023-10 | ||
| Beth Kelsch | corporate officer | 2019-01 | ||
| Brett Loffredo | corporate director | 2019-01 | ||
| Brian Noyes | corporate director | 2019-01 | ||
| Charles Bayman | corporate officer | 2025-12 | ||
| Charles Bayman | corporate director | 2025-12 | ||
| Daniel Loiselle | corporate director | 2019-01 | ||
| David Kumaki | corporate director | 2019-01 | ||
| Dawn Tutt | w-2 managing employee | 2019-01 | ||
| Donna Jauregui | w-2 managing employee | 2025-08 | ||
| Heather Shanklin | corporate officer | 2019-01 | ||
| Katherine Coster | corporate director | 2019-01 | ||
| Kathleen Herlihy | corporate director | 2019-01 | ||
| Kelly Elkins | corporate officer | 2019-01 | ||
| Leslie Boothby | corporate director | 2019-01 | ||
| Linda Terry | corporate director | 2019-01 | ||
| Lisa Beaule | corporate director | 2019-01 | ||
| Lugene Inzana | corporate officer | 2019-01 | ||
| Marie Mccarthy | corporate director | 2019-01 | ||
| Matthew Chin | corporate officer | 2025-12 | ||
| Matthew Chin | corporate director | 2025-12 |
Showing 25 of 36. Full list via /api/targets/201312.
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 |