Maryland General Hospital
dba University Of Maryland Medical Center Midtown Campus ·
Baltimore, Baltimore City County, MD
· CCN 210038
Licensed to Maryland General Hospital Inc
Composite
56.4
rank score
Distress
56
FY2024
Fit
78
vs thesis
Estimated ticket
$58.6M–$235M
138 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $235M |
| Operating margin | -17.2% |
| Total margin | -5.5% |
| Days cash on hand | 2 |
| Current ratio | 2.07 |
| Occupancy | 71% |
Facility
| Beds | 138 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 180 | $198M | $-22.2M | -23.2% | -9.9% | 8 | 0.58 | 56% | 5,120 | 82 |
| 2022 | 180 | $204M | $-35.6M | -30.9% | -15.3% | 0 | 0.64 | 59% | 4,610 | 82 |
| 2023 | 201 | $232M | $-7.4M | -16.0% | -2.8% | 42 | 1.85 | 51% | 4,343 | 54 |
| 2024 | 138 | $235M | $-14.8M | -17.2% | -5.5% | 2 | 2.07 | 71% | 3,932 | 56 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ancelmo Lopes | corporate officer | 2024-08 | ||
| Ancelmo Lopes | corporate director | 2024-08 | ||
| Barry Gossett | corporate officer | 2024-08 | ||
| Barry Gossett | corporate director | 2024-08 | ||
| Bonnie Phipps | corporate officer | 2024-03 | ||
| Bonnie Phipps | corporate director | 2024-03 | ||
| Bruce Jarrell | corporate officer | 2024-08 | ||
| Bruce Jarrell | corporate director | 2024-08 | ||
| Carol Coughlin | corporate officer | 2019-01 | ||
| Carol Coughlin | corporate director | 2019-01 | ||
| Deborah Zimmermann | corporate officer | 2024-03 | ||
| Deborah Zimmermann | corporate director | 2024-03 | ||
| George Sprinkel | corporate officer | 2024-09 | ||
| George Sprinkel | corporate director | 2024-09 | ||
| Harriett Cooperman | corporate officer | 2019-01 | ||
| Harriett Cooperman | corporate director | 2019-01 | ||
| Heather Little | contracted managing employee | 2019-09 | ||
| Heather Little | other | 2019-09 | ||
| Joseph Demattos | corporate officer | 2025-07 | ||
| Joseph Demattos | corporate director | 2025-07 | ||
| Kenneth Moreland | corporate officer | 2024-08 | ||
| Kenneth Moreland | corporate director | 2024-08 | ||
| Lisa Manzone | corporate officer | 2024-03 | ||
| Lisa Manzone | corporate director | 2024-03 | ||
| Marilyn Carp | corporate officer | 2019-01 |
Showing 25 of 43. Full list via /api/targets/210038.
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 MD
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 |
|---|---|---|---|---|
| 2024-02-01 | University Of Maryland Medical Center, Llc | University Of Maryland Medical... | University Of Maryland Med Sys | 762 |
| 2022-07-01 | Grmc, Inc. | Garrett County Memorial Hospital | Garrett County Memorial Hospital | 20 |
| 2022-03-01 | Sinai Hospital Of Baltimore, Inc | Grace Medical Center Inc | Sinai Hospital Of Baltimore Inc. | 437 |
| 2020-03-01 | Tidalhealth Peninsula Regional Inc | Mccready Foundation Inc | Tidalhealth Peninsula Regional Inc | 284 |
| 2019-10-27 | Adventist Healthcare Fort... | Fort Washington Medical Center Inc | Fort Washington Medical Center | 34 |
| 2018-08-01 | Adventist Healthcare, Inc. | Adventist Healthcare, Inc. | Ahc Shady Grove Medical Center | 397 |