Steward Carney Hospital Inc
Dorchester, Suffolk County, MA · CCN 220017
Composite
66.5
rank score
Distress
81
FY2023
Fit
75
vs thesis
Estimated ticket
$37.1M–$148M
106 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $92.5M |
| Operating margin | -44.7% |
| Total margin | -5.1% |
| Days cash on hand | 0 |
| Current ratio | 1.12 |
| Occupancy | 47% |
Facility
| Beds | 106 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 106 | $105M | $5.0M | -48.9% | 3.1% | 0 | 3.56 | 61% | 4,094 | 61 |
| 2021 | 106 | $91.5M | $-356K | -42.0% | -0.3% | 0 | 2.45 | 54% | 3,484 | 71 |
| 2022 | 106 | $92.2M | $-20.3M | -46.6% | -17.7% | 0 | 1.76 | 51% | 2,861 | 80 |
| 2023 | 106 | $92.5M | $-6.5M | -44.7% | -5.1% | 0 | 1.12 | 47% | 2,638 | 81 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |