Steward St. Annes Hospital
dba Brown University Health Saint Anne's Hospital ·
Fall River, Bristol County, MA
· CCN 220020
Licensed to Lifespan Of Massachusetts - Fall River Inc
Already transacted. CMS recorded an ownership change effective
2024-10-01. Confirm the current owner before spending a call on this.
Composite
12.2
rank score
Distress
22
FY2023
Fit
62
vs thesis
Estimated ticket
$15.4M–$30.8M
154 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- current ratio below 0.8
- margin deteriorating
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
- changed ownership 2024-10-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $332M |
| Operating margin | 6.9% |
| Total margin | 11.1% |
| Days cash on hand | — |
| Current ratio | -3.63 |
| Occupancy | 75% |
Facility
| Beds | 154 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 175 | $275M | $42.8M | 10.1% | 14.7% | 0 | -12.82 | 57% | 8,824 | 38 |
| 2021 | 175 | $320M | $58.8M | 15.7% | 17.9% | 0 | -3.75 | 65% | 9,138 | 36 |
| 2022 | 175 | $322M | $53.7M | 12.8% | 16.0% | 0 | -2.31 | 67% | 9,256 | 36 |
| 2023 | 154 | $332M | $38.5M | 6.9% | 11.1% | — | -3.63 | 75% | 9,372 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Lifespan Of Massachusetts, Inc. | 5% or greater direct ownership interest | 100 | 1997-09 | |
| Alan Litwin | corporate director | 2024-09 | ||
| Angel Taveras | corporate director | 2024-09 | ||
| Angela Caliendo | corporate director | 2025-10 | ||
| Bernard Buonanno | corporate director | 2024-09 | ||
| Carole Billington | corporate director | 2024-10 | ||
| Christian Cocks | corporate director | 2024-09 | ||
| Christine Rawnsley | w-2 managing employee | 2024-09 | ||
| Emanuel Barrows | corporate director | 2024-09 | ||
| Eva Greenwood | corporate officer | 2024-09 | ||
| Eva Greenwood | corporate director | 2024-09 | ||
| Eva Greenwood | w-2 managing employee | 2024-09 | ||
| Janet Robinson | corporate director | 2024-09 | ||
| Jeffery Greenberg | corporate director | 2025-12 | ||
| John Fernandez | w-2 managing employee | 2024-09 | ||
| Michael Hanna | corporate director | 2024-09 | ||
| Paula Mcnamara | corporate director | 2024-09 | ||
| Peter Markell | corporate officer | 2024-09 | ||
| Peter Markell | w-2 managing employee | 2024-09 | ||
| Robert Dimuccio | corporate director | 2025-12 | ||
| Samuel Mencoff | corporate director | 2024-09 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-10-01 | change of ownership | Lifespan Of Massachusetts -... | Steward St. Annes Hospital Corporation |
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 |