Sebasticook Valley Hospital
dba Northern Light Sebasticook Valley Hospital ·
Pittsfield, Somerset County, ME
· CCN 201313
Licensed to Sebasticook Valley Health
Composite
22.9
rank score
Distress
11
FY2023
Fit
45
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin under 2%
- occupancy 30-45%
- 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 | $55.3M |
| Operating margin | 0.9% |
| Total margin | 11.5% |
| Days cash on hand | 323 |
| Current ratio | 5.69 |
| 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 | $40.9M | $3.1M | -3.1% | 6.8% | 285 | 2.99 | 46% | 692 | 18 |
| 2021 | 25 | $49.1M | $9.8M | 4.3% | 17.2% | 292 | 3.58 | 55% | 820 | 2 |
| 2022 | 25 | $57.2M | $11.2M | 9.0% | 17.6% | 281 | 6.52 | 55% | 783 | 2 |
| 2023 | 25 | $55.3M | $7.1M | 0.9% | 11.5% | 323 | 5.69 | 44% | 854 | 11 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Eastern Maine Healthcare Services | operational/managerial control | 100 | 2015-03 | |
| Brett Danforth | corporate director | 2023-11 | ||
| Charles Cianchette | corporate director | 2005-07 | ||
| Emily Cianchette | corporate director | 2023-10 | ||
| Jeremy West | corporate director | 2020-04 | ||
| Kady Huff | corporate director | 2023-06 | ||
| Linda Woolley | corporate director | 2018-10 | ||
| Randall Clark | corporate officer | 2022-04 | ||
| Randall Clark | operational/managerial control | 2022-04 | ||
| Robin Chase | corporate director | 2019-04 | ||
| Stacey Fitts | corporate director | 2018-10 | ||
| Teresa Vieira | corporate director | 2025-01 | ||
| Timothy Dentry | corporate officer | 2020-04 |
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 |