Redington-Fairview General Hospital
Skowhegan, Somerset County, ME
· CCN 201314
Licensed to Redington-Fairview General Hospital
Composite
31.7
rank score
Distress
26
FY2024
Fit
50
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $136M |
| Operating margin | -2.6% |
| Total margin | 7.8% |
| Days cash on hand | 172 |
| Current ratio | 4.56 |
| Occupancy | 49% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $104M | $23.3M | -2.4% | 17.9% | 290 | 3.09 | 49% | 1,127 | 18 |
| 2022 | 25 | $122M | $-10.6M | -2.6% | -9.2% | 169 | 3.53 | 68% | 1,241 | 32 |
| 2023 | 25 | $135M | $8.5M | -3.6% | 5.7% | 133 | 5.59 | 54% | 1,077 | 22 |
| 2024 | 25 | $136M | $11.8M | -2.6% | 7.8% | 172 | 4.56 | 49% | 1,063 | 26 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Christopher Perkins | corporate director | 1998-08 | ||
| Crystal Neace | w-2 managing employee | 2020-10 | ||
| Crystal Neace | operational/managerial control | 2020-10 | ||
| Dana Kempton | corporate director | 2006-01 | ||
| Dana Kempton | w-2 managing employee | 2006-01 | ||
| Elmer Doucette | corporate officer | 2014-07 | ||
| Elmer Doucette | corporate director | 2014-07 | ||
| Elmer Doucette | w-2 managing employee | 2014-07 | ||
| Gina Gomez | corporate director | 2008-05 | ||
| Jeffrey Mcgown | corporate director | 2015-07 | ||
| Kim Gray | w-2 managing employee | 2020-09 | ||
| Kim Gray | operational/managerial control | 2020-09 | ||
| L Clark | corporate director | 1996-08 | ||
| Michael Curran | corporate director | 2000-03 | ||
| Michael Lambke | corporate director | 2005-08 | ||
| Richard Willett | corporate officer | 1972-09 | ||
| Richard Willett | corporate director | 1972-09 | ||
| Richard Willett | w-2 managing employee | 1972-09 | ||
| Sam Hight | corporate director | 2021-07 | ||
| Vicki Alward | corporate director | 2020-07 | ||
| William Laney | corporate director | 1998-08 |
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 |