Spring Harbor Hospital
Westbrook, Cumberland County, ME · CCN 204005
Composite
60.9
rank score
Distress
66
FY2023
Fit
78
vs thesis
Estimated ticket
$20.8M–$83.2M
89 beds ·
within envelope
Ownership
nonprofit
PH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- under 30 days cash on hand
- current liabilities exceed current assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $86.8M |
| Operating margin | -48.8% |
| Total margin | 0.4% |
| Days cash on hand | 0 |
| Current ratio | 0.89 |
| Occupancy | 73% |
Facility
| Beds | 89 |
| Facility type | PH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 100 | $81.0M | $12.6M | -21.4% | 11.4% | 0 | 0.66 | 84% | 2,099 | 63 |
| 2021 | 100 | $82.4M | $21.9M | -28.2% | 17.1% | 0 | 1.11 | 75% | 1,600 | 53 |
| 2022 | 96 | $77.6M | $-4.3M | -56.0% | -3.7% | 0 | 0.73 | 67% | 1,249 | 76 |
| 2023 | 89 | $86.8M | $535K | -48.8% | 0.4% | 0 | 0.89 | 73% | 1,285 | 66 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.