Lawrence General Hospital
dba Merrimack Health Lawrence Hospital ·
Lawrence, Essex County, MA
· CCN 220010
Licensed to Lawrence General Hospital
Composite
60.2
rank score
Distress
67
FY2023
Fit
75
vs thesis
Estimated ticket
$79.0M–$316M
186 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- current liabilities exceed current assets
- debt above 85% of assets
- 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 | $309M |
| Operating margin | -11.7% |
| Total margin | -1.6% |
| Days cash on hand | 28 |
| Current ratio | 0.94 |
| Occupancy | 73% |
Facility
| Beds | 186 |
| 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 | 186 | $220M | $-13.1M | -36.3% | -4.6% | 56 | 1.55 | 61% | 10,908 | 61 |
| 2021 | 186 | $283M | $-10.7M | -15.4% | -3.4% | 25 | 1.34 | 61% | 10,422 | 70 |
| 2022 | 186 | $289M | $-9.4M | -12.2% | -3.0% | 30 | 1.02 | 67% | 10,521 | 66 |
| 2023 | 186 | $309M | $-5.4M | -11.7% | -1.6% | 28 | 0.94 | 73% | 11,332 | 67 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Eduardo Haddad | corporate director | 5 | 1990-01 | |
| Brenden Hayden | corporate director | 2026-01 | ||
| Carol Powers | corporate director | 2026-01 | ||
| Dan Rivera | corporate director | 2026-01 | ||
| Diana Richardson | corporate director | 2026-01 | ||
| Glenn Newsome | corporate director | 2026-01 | ||
| Greg Sebasky | corporate director | 2026-01 | ||
| John Whitlock | corporate officer | 2025-06 | ||
| John Whitlock | corporate director | 2025-06 | ||
| John Whitlock | w-2 managing employee | 2025-06 | ||
| Jose Cruz | corporate director | 2026-01 | ||
| Joyce Shannon | corporate director | 2026-01 | ||
| Juan Montanez | corporate director | 2026-01 | ||
| Kevin Kilday | corporate officer | 2025-04 | ||
| Kevin Kilday | corporate director | 2025-04 | ||
| Kevin Kilday | operational/managerial control | 2025-04 | ||
| Lane Glenn | corporate director | 2026-01 | ||
| Marianne Paley-Nadel | corporate director | 2026-01 | ||
| Mark Johnson | corporate director | 2026-01 | ||
| Michael Sklar | corporate director | 2026-01 | ||
| Rosemarie Day | corporate director | 2026-01 | ||
| Vilma Martinez-Dominguez | corporate director | 2026-01 |
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 |