Anna Jaques Hospital
Newburyport, Essex County, MA
· CCN 220029
Licensed to Anna Jaques Hospital
Composite
60.3
rank score
Distress
70
FY2023
Fit
72
vs thesis
Estimated ticket
$40.6M–$162M
116 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 30-60 days cash on hand
- current ratio under 1.5
- debt above 70% of assets
- occupancy 45-60%
- margin deteriorating
- 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 | $144M |
| Operating margin | -12.4% |
| Total margin | -9.0% |
| Days cash on hand | 48 |
| Current ratio | 1.03 |
| Occupancy | 56% |
Facility
| Beds | 116 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 | 120 | $116M | $-7.3M | -15.4% | -5.8% | 72 | 1.31 | 51% | 4,824 | 63 |
| 2021 | 120 | $132M | $1.9M | -8.2% | 1.3% | 57 | 1.27 | 54% | 4,768 | 52 |
| 2022 | 116 | $130M | $-13.9M | -15.5% | -10.2% | 9 | 0.92 | 58% | 4,665 | 78 |
| 2023 | 116 | $144M | $-13.3M | -12.4% | -9.0% | 48 | 1.03 | 56% | 5,026 | 70 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Beth Israel Lahey Health, Inc. | 5% or greater direct ownership interest | 100 | 2019-03 | |
| Christopher Bouton | corporate director | 2021-10 | ||
| Christopher Lindner | corporate director | 2023-10 | ||
| Claire Fung | corporate director | 2021-10 | ||
| David Laflamme | corporate director | 2007-11 | ||
| Dewayne Pursley | corporate director | 2013-03 | ||
| Elizabeth Purinton | corporate director | 2021-10 | ||
| Frank Cousins | corporate director | 2012-03 | ||
| Glenn Focht | w-2 managing employee | 2021-11 | ||
| Grace Gonzalez Connolly | corporate director | 2009-11 | ||
| Gregory Beaumier | corporate officer | 2024-01 | ||
| Jamie Katz | corporate officer | 2019-03 | ||
| Jean Trim | corporate director | 2021-10 | ||
| Jeffrey Kirpas | corporate director | 2011-03 | ||
| John Kerndl | corporate officer | 2021-04 | ||
| Joshua Tarkan | corporate director | 2021-10 | ||
| Kevin Tabb | corporate officer | 2019-03 | ||
| Margaret Wiley | corporate director | 2017-03 | ||
| Mary Anne Clancy | corporate director | 2024-01 | ||
| Matthew Khatib | corporate director | 2021-10 | ||
| Matthew Pieniazek | corporate director | 2021-10 | ||
| Michael Costello | corporate director | 2017-03 | ||
| Michael Rowan | corporate officer | 2019-03 | ||
| Nathan Allard | corporate director | 2023-10 | ||
| Nicole Nadeau | corporate director | 2023-10 |
Showing 25 of 34. Full list via /api/targets/220029.
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 |