Sturdy Memorial Hospital
Attleboro, Bristol County, MA
· CCN 220008
Licensed to Sturdy Memorial Hospital Inc
Composite
51.6
rank score
Distress
48
FY2023
Fit
75
vs thesis
Estimated ticket
$62.5M–$250M
125 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- current ratio under 1.5
- 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 | $232M |
| Operating margin | -10.5% |
| Total margin | 14.1% |
| Days cash on hand | 15 |
| Current ratio | 1.03 |
| Occupancy | 76% |
Facility
| Beds | 125 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 131 | $198M | $17.0M | -8.4% | 7.3% | 497 | 6.87 | 60% | 6,777 | 22 |
| 2021 | 131 | $153M | $-49.9M | -57.2% | -26.1% | 426 | 7.76 | 69% | 7,066 | 44 |
| 2022 | 125 | $222M | $-154M | -12.2% | -66.8% | 10 | 1.05 | 71% | 7,105 | 70 |
| 2023 | 125 | $232M | $45.1M | -10.5% | 14.1% | 15 | 1.03 | 76% | 6,733 | 48 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Aimee Brewer | corporate officer | 2022-01 | ||
| Amy Pfeffer | corporate director | 2018-01 | ||
| Amy Pfeffer | w-2 managing employee | 2022-01 | ||
| Dennis Kelly | corporate officer | 2018-01 | ||
| Dwayne Demond | corporate officer | 2018-01 | ||
| Jean Siddall-Bensson | corporate director | 2018-01 | ||
| John Korona | corporate officer | 2018-01 | ||
| Laura Gignac | corporate officer | 2018-01 | ||
| Paul Heroux | corporate officer | 2018-01 | ||
| Ralph Schlenker | corporate officer | 2018-01 | ||
| Richard Digiacomo | corporate officer | 2013-01 | ||
| Robert Thresher | corporate officer | 2018-01 | ||
| Thomas Noel | corporate officer | 2018-01 |
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 |