Mount Auburn Hospital
Cambridge, Middlesex County, MA
· CCN 220002
Licensed to Mount Auburn Hospital
Composite
66.9
rank score
Distress
82
FY2023
Fit
75
vs thesis
Estimated ticket
$66.2M–$265M
189 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
- current ratio below 0.8
- debt above 70% of assets
- margin deteriorating sharply
- 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 | $343M |
| Operating margin | -14.2% |
| Total margin | -4.1% |
| Days cash on hand | 0 |
| Current ratio | 0.07 |
| Occupancy | 71% |
Facility
| Beds | 189 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 193 | $286M | $8.5M | -11.6% | 2.6% | 109 | 1.27 | 72% | 12,167 | 36 |
| 2021 | 186 | $322M | $4.1M | -3.9% | 1.2% | 26 | 0.73 | 79% | 12,571 | 54 |
| 2022 | 186 | $337M | $-8.0M | -8.4% | -2.2% | 9 | 0.70 | 81% | 12,212 | 66 |
| 2023 | 189 | $343M | $-15.0M | -14.2% | -4.1% | 0 | 0.07 | 71% | 11,866 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Beth Israel Lahey Health, Inc. | 5% or greater direct ownership interest | 100 | 2019-03 | |
| A Kim Saal | corporate director | 2023-10 | ||
| Brian Smith | corporate officer | 2024-03 | ||
| Brian Smith | w-2 managing employee | 2024-03 | ||
| Christopher Shachoy | corporate director | 2004-01 | ||
| Daniel Calano | corporate director | 2008-04 | ||
| Donna Smerlas | corporate director | 2017-10 | ||
| Edwin Huang | corporate officer | 2023-02 | ||
| Edwin Huang | w-2 managing employee | 2023-02 | ||
| John Digiovanni | corporate director | 2022-10 | ||
| John Macomber | corporate director | 2019-03 | ||
| Katherine Lapp | corporate director | 2023-10 | ||
| Kevin Tabb | corporate officer | 2019-03 | ||
| Kevin Tabb | corporate director | 2019-03 | ||
| Mandy Lee Berman | corporate director | 2023-10 | ||
| Mary Beams | corporate director | 2020-10 | ||
| Rachel Haft | corporate director | 2022-10 | ||
| Roy Greenwald | corporate director | 2023-10 | ||
| Steven Kapfhammer | corporate officer | 2024-05 | ||
| Susan Spurlock | corporate director | 2019-10 |
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 |