Cape Cod Hospital
Hyannis, Barnstable County, MA
· CCN 220012
Licensed to Cape Cod Hospital Inc
Composite
34.0
rank score
Distress
15
FY2023
Fit
68
vs thesis
Estimated ticket
$120M–$478M
239 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 30-60 days cash on hand
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $689M |
| Operating margin | 5.0% |
| Total margin | 7.4% |
| Days cash on hand | 37 |
| Current ratio | 2.58 |
| Occupancy | 83% |
Facility
| Beds | 239 |
| 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 | 239 | $530M | $27.6M | -3.5% | 4.8% | 98 | 1.42 | 69% | 14,805 | 23 |
| 2021 | 239 | $578M | $35.0M | 1.6% | 5.8% | 65 | 1.57 | 76% | 16,055 | 17 |
| 2022 | 239 | $620M | $-32.7M | -1.3% | -5.5% | 15 | 2.08 | 82% | 15,937 | 50 |
| 2023 | 239 | $689M | $52.8M | 5.0% | 7.4% | 37 | 2.58 | 83% | 16,608 | 15 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cape Cod Healthcare Inc | 5% or greater direct ownership interest | 100 | 1984-05 | |
| Alastair Johnston | corporate director | 2020-09 | ||
| Cynthia Hines | corporate director | 2020-09 | ||
| Diane Coletti | corporate director | 2020-09 | ||
| Edward Mulcahy | corporate director | 2020-09 | ||
| Kevin Vilsaint | corporate director | 2020-09 | ||
| Lawrence Capodilupo | corporate director | 2020-09 | ||
| Michael Lauf | corporate officer | 2020-09 | ||
| Molly Sullivan | corporate director | 2020-09 | ||
| Nathan Rudman | corporate director | 2020-09 | ||
| Ramani Ayer | corporate director | 2020-09 | ||
| Rebecca Dayton | corporate director | 2022-01 | ||
| Robert Talerman | corporate director | 2020-09 | ||
| Robin Devereux | corporate director | 2020-09 | ||
| Sharon Kennedy | corporate director | 2020-09 | ||
| Sumner Tilton | corporate director | 2020-09 | ||
| Terri White | w-2 managing employee | 2021-01 | ||
| Theodore Calianos | corporate director | 2020-09 |
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 |