Holyoke Medical Center
Holyoke, Hampden County, MA
· CCN 220024
Licensed to Holyoke Medical Center Inc
Composite
59.0
rank score
Distress
67
FY2023
Fit
72
vs thesis
Estimated ticket
$85.4M–$342M
201 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- current ratio under 1.5
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $192M |
| Operating margin | -24.1% |
| Total margin | -1.3% |
| Days cash on hand | 29 |
| Current ratio | 1.16 |
| Occupancy | 46% |
Facility
| Beds | 201 |
| 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 | 165 | $139M | $18.3M | -25.1% | 9.5% | 55 | 1.64 | 30% | 4,669 | 64 |
| 2021 | 177 | $151M | $782K | -24.4% | 0.4% | 35 | 1.36 | 36% | 5,004 | 64 |
| 2022 | 201 | $177M | $48.1K | -17.8% | 0.0% | 35 | 1.38 | 47% | 5,990 | 58 |
| 2023 | 201 | $192M | $-3.0M | -24.1% | -1.3% | 29 | 1.16 | 46% | 6,051 | 67 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Valley Health Systems Inc | 5% or greater direct ownership interest | 100 | 1996-01 | |
| Dean Vitarisi | corporate officer | 2021-01 | ||
| Doris Ransford | corporate director | 2014-01 | ||
| Idelia Smith | corporate director | 2014-01 | ||
| Jennifer Mark | corporate director | 2018-02 | ||
| Jon Lumbra | corporate director | 2016-12 | ||
| Marc Joyce | corporate director | 2014-01 | ||
| Marc Zerbe | corporate director | 2016-12 | ||
| Mary Maydew | corporate director | 2014-01 | ||
| Michael Koziol | w-2 managing employee | 2017-06 | ||
| Michael Murphy | corporate director | 2018-02 | ||
| Robert Byrne | corporate director | 2014-01 | ||
| Shannon Gurek | corporate director | 2014-01 | ||
| Spiros Hatiras | corporate director | 2014-01 | ||
| Tricia Koss | corporate director | 2016-12 |
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 |