Harrington Memorial Hospital
Southbridge, MA
· CCN 220019
Licensed to Umass Memorial Health-Harrington Hospital Inc
Composite
53.0
rank score
Distress
51
FY2023
Fit
75
vs thesis
Estimated ticket
$54.8M–$219M
129 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin under 2%
- under 30 days cash on hand
- current liabilities exceed current 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 | $163M |
| Operating margin | -6.7% |
| Total margin | 1.8% |
| Days cash on hand | 3 |
| Current ratio | 0.99 |
| Occupancy | 60% |
Facility
| Beds | 129 |
| 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 | 119 | $121M | $-372K | -21.0% | -0.3% | 24 | 0.77 | 47% | 3,995 | 73 |
| 2021 | 119 | $139M | $-118K | -2.5% | -0.1% | 20 | 0.76 | 53% | 4,328 | 61 |
| 2022 | 129 | $150M | $-370K | -4.3% | -0.2% | 15 | 1.19 | 60% | 4,339 | 49 |
| 2023 | 129 | $163M | $3.2M | -6.7% | 1.8% | 3 | 0.99 | 60% | 4,307 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Umass Memorial Community Hospitals | 5% or greater direct ownership interest | 100 | 2021-07 | |
| Debra Wooldridge | w-2 managing employee | 2021-07 | ||
| Douglas Brown | corporate officer | 2013-01 | ||
| Douglas Brown | corporate director | 2013-01 | ||
| Edward Moore | corporate officer | 2007-08 | ||
| Edward Moore | w-2 managing employee | 2007-08 | ||
| Eric Dickson | corporate director | 2013-03 | ||
| Heidi Nano | w-2 managing employee | 2023-09 | ||
| Jack Wilson | corporate director | 2018-03 | ||
| James Leary | corporate director | 2018-12 | ||
| John Glassburn | corporate officer | 2016-04 | ||
| Luis Maseda | corporate director | 2017-10 | ||
| Marilyn Amaya | w-2 managing employee | 2021-07 | ||
| Melissa Lennon | w-2 managing employee | 2023-09 | ||
| Michael Gustafson | corporate director | 2018-12 | ||
| Michael Mahan | corporate director | 2018-03 | ||
| Michael Murphy | corporate director | 2008-03 | ||
| Randall Becker | corporate director | 2021-07 | ||
| Robert Paulhus | corporate director | 2017-10 | ||
| Sergio Melgar | corporate officer | 2014-03 | ||
| Sergio Melgar | corporate director | 2014-03 | ||
| Steve Roach | corporate director | 2013-11 | ||
| Steven Mccue | corporate officer | 2024-06 | ||
| Wendy Horr | w-2 managing employee | 2014-02 | ||
| William Corbett | corporate director | 2017-10 |
Showing 25 of 26. Full list via /api/targets/220019.
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 |