Baystate Wing Hospital & Medical Ctr
dba Baystate Wing Hospital & Medical Centers ·
Palmer, MA
· CCN 220030
Licensed to Baystate Wing Hospital Corporation
Composite
54.5
rank score
Distress
58
FY2023
Fit
71
vs thesis
Estimated ticket
$17.0M–$68.0M
40 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- 30-60 days cash on hand
- current ratio below 0.8
- debt above 70% of assets
- urban — higher occupancy and iteration surface
- small but workable bed count
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $101M |
| Operating margin | -7.9% |
| Total margin | -1.3% |
| Days cash on hand | 47 |
| Current ratio | 0.72 |
| Occupancy | 95% |
Facility
| Beds | 40 |
| 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 | 40 | $79.1M | $-7.3M | -17.3% | -8.5% | 118 | 1.02 | 54% | 2,662 | 54 |
| 2021 | 40 | $88.4M | $334K | -11.4% | 0.3% | 110 | 1.12 | 87% | 3,112 | 39 |
| 2022 | 40 | $91.8M | $-12.0M | -16.8% | -12.6% | 49 | 0.82 | 99% | 3,121 | 70 |
| 2023 | 40 | $101M | $-1.3M | -7.9% | -1.3% | 47 | 0.72 | 95% | 3,295 | 58 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Baystate Health, Inc | 5% or greater direct ownership interest | 100 | 2014-09 | |
| Baystate Wing Hospital Corporation | 5% or greater direct ownership interest | 100 | 1984-04 | |
| Baystate Wing Hospital Corporation | operational/managerial control | 100 | 1984-04 | |
| Akinyele Lovelace | corporate director | 2023-10 | ||
| Antonio Dos-Santos | corporate director | 2023-10 | ||
| Baystate Administrative Services, Inc. | operational/managerial control | 2014-09 | ||
| Claudia Coplein | corporate director | 2023-10 | ||
| Colleen Holmes | corporate officer | 2023-10 | ||
| Colleen Holmes | corporate director | 2023-10 | ||
| Denise Jordan | corporate director | 2023-10 | ||
| Harriet Deverry | corporate officer | 2023-10 | ||
| Harriet Deverry | corporate director | 2023-10 | ||
| Irene Rodriguez-Martin | corporate director | 2023-10 | ||
| Julie Quink | corporate director | 2024-01 | ||
| Kelly Galster | corporate director | 2023-01 | ||
| Laurie Martin | contracted managing employee | 2026-06 | ||
| Laurie Martin | corporate officer | 2026-06 | ||
| Linda Thompson | corporate director | 2023-10 | ||
| Madeline Landrau | corporate director | 2024-01 | ||
| Maria Goncalves | corporate director | 2023-10 | ||
| Mark O'connell | corporate director | 2023-10 | ||
| Nicolas Jabbour | corporate director | 2024-01 | ||
| Paul Gosselin | corporate director | 2026-01 | ||
| Paul Picknelly | corporate director | 2023-10 | ||
| Peter Banko | corporate officer | 2024-06 |
Showing 25 of 32. Full list via /api/targets/220030.
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 |