Healthalliance-Clinton
dba Healthalliance-Clinton Hospital ·
Leominster, Worcester County, MA
· CCN 220001
Licensed to Umass Memorial Healthalliance Clinton Hospital Inc
Composite
55.7
rank score
Distress
57
FY2023
Fit
75
vs thesis
Estimated ticket
$53.1M–$212M
125 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- current ratio below 0.8
- 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 · FY2023
| Net patient revenue | $228M |
| Operating margin | -11.3% |
| Total margin | 2.9% |
| Days cash on hand | 25 |
| Current ratio | 0.26 |
| Occupancy | 67% |
Facility
| Beds | 125 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 125 | $184M | $3.8M | -13.4% | 1.8% | 53 | 0.99 | 60% | 7,108 | 59 |
| 2021 | 125 | $208M | $11.6M | -3.7% | 5.1% | 102 | 1.14 | 67% | 7,539 | 23 |
| 2022 | 125 | $191M | $-37.1M | -29.1% | -17.8% | 24 | -0.39 | 74% | 7,660 | 80 |
| 2023 | 125 | $228M | $7.6M | -11.3% | 2.9% | 25 | 0.26 | 67% | 7,853 | 57 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Umass Memorial Health Care, Inc. | 5% or greater direct ownership interest | 100 | 1998-06 | |
| Beth Mazyck | operational/managerial control | 2024-07 | ||
| Brian Huggins | corporate officer | 2024-05 | ||
| Brian Huggins | w-2 managing employee | 2024-05 | ||
| Central New England Healthalliance, Inc. | operational/managerial control | 1994-11 | ||
| Charles Cavagnaro | contracted managing employee | 2024-05 | ||
| Charles Cavagnaro | corporate officer | 2024-05 | ||
| Debra Wooldridge | w-2 managing employee | 2019-04 | ||
| Heidi Nano | w-2 managing employee | 2019-04 | ||
| Joahd Toure | operational/managerial control | 2023-09 | ||
| Kimberly Ebb | corporate director | 2021-05 | ||
| Luis Maseda | corporate director | 2017-10 | ||
| Marilyn Amaya | w-2 managing employee | 2019-04 | ||
| Matthew Zanghi | operational/managerial control | 2024-04 | ||
| Maureen Podesta | w-2 managing employee | 2019-04 | ||
| Melissa Lennon | w-2 managing employee | 2020-01 | ||
| Michael Ames | corporate director | 2017-10 | ||
| Michael Mahan | corporate director | 2016-03 | ||
| Robert Paulhus | corporate director | 2017-10 | ||
| Steven Mccue | corporate director | 2020-01 | ||
| Tammy Gravel | corporate director | 2020-03 | ||
| Tayyaba Salman | operational/managerial control | 2024-09 | ||
| Umass Memorial Community Hospitals | operational/managerial control | 1998-06 |
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 MA
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 |
|---|---|---|---|---|
| 2024-10-01 | Bmc Community Hospital Corporation | Steward Good Samaritan Medical Center, Inc. | Good Samaritan Medical Center | 208 |
| 2024-10-01 | Lg Newcorp Inc. | Steward Holy Family Hospital Inc | Steward Holy Family Hospital | 293 |
| 2024-10-01 | Lifespan Of Massachusetts - Fall River Inc | Steward St. Annes Hospital Corporation | Steward St. Annes Hospital | 154 |
| 2024-10-01 | Lifespan Of Massachusetts - Taunton Inc | Morton Hospital, A Steward Family... | Morton Hospital | 125 |
| 2024-10-01 | Bmc Community Hospital Corporation Ii | Steward St Elizabeths Medical... | Steward St. Elizabeths Medical Ctr | 244 |