J Kent Mcnew Family Medical Center
dba Anne Arundel Mental Health Hospital Inc ·
Annapolis, Anne Arundel County, MD
· CCN 214020
Licensed to Luminis Health J. Kent Mcnew Family Medical Center, Inc.
Composite
65.8
rank score
Distress
92
FY2024
Fit
61
vs thesis
Estimated ticket
$3.1M–$12.3M
16 beds ·
within envelope
Ownership
nonprofit
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $7.1M |
| Operating margin | -14.4% |
| Total margin | -11.4% |
| Days cash on hand | 0 |
| Current ratio | 0.03 |
| Occupancy | 81% |
Facility
| Beds | 16 |
| Facility type | PH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 16 | $4.5M | $237K | -10.4% | 4.6% | 10 | 0.06 | 92% | 429 | 74 |
| 2022 | 16 | $6.6M | $-2.0M | -41.1% | -28.1% | 0 | 0.03 | 90% | 773 | 91 |
| 2023 | 16 | $7.2M | $-1.2M | -20.9% | -15.5% | 6 | 0.03 | 88% | 688 | 91 |
| 2024 | 16 | $7.1M | $-836K | -14.4% | -11.4% | 0 | 0.03 | 81% | 651 | 92 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Catherine Maloney | corporate officer | 2025-07 | ||
| Jennifer Harrington | corporate officer | 2025-07 | ||
| Soo Lee | corporate director | 2026-01 | ||
| Soo Lee | w-2 managing employee | 2026-01 | ||
| Timothy Adelman | corporate officer | 2025-07 | ||
| Victoria Bayless | corporate officer | 2019-07 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.