Boston Medical Center
Boston, Suffolk County, MA
· CCN 220031
Licensed to Boston Medical Center Corporation
Composite
52.5
rank score
Distress
66
FY2023
Fit
57
vs thesis
Estimated ticket
$37.6M–$75.1M
442 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- margin deteriorating sharply
- rural — cheaper but limited density
- very large — likely out of range
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $1.4B |
| Operating margin | -71.9% |
| Total margin | -3.0% |
| Days cash on hand | 8 |
| Current ratio | 1.74 |
| Occupancy | 96% |
Facility
| Beds | 442 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 399 | $1.1B | $225M | -56.0% | 11.2% | 105 | 2.39 | 92% | 21,754 | 32 |
| 2021 | 428 | $1.2B | $15.4M | -64.3% | 0.8% | 70 | 1.99 | 92% | 22,667 | 41 |
| 2022 | 440 | $1.2B | $-21.2M | -78.4% | -1.0% | 26 | 1.72 | 95% | 21,560 | 58 |
| 2023 | 442 | $1.4B | $-70.5M | -71.9% | -3.0% | 8 | 1.74 | 96% | 21,870 | 66 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrew Youniss | corporate officer | 2016-08 | ||
| Anita Bekestein | corporate officer | 2016-08 | ||
| Anthony Hollenberg | corporate officer | 2023-04 | ||
| Anthony Hollenberg | corporate director | 2023-04 | ||
| Azra Kanji | corporate officer | 2016-08 | ||
| Barry Bock | corporate officer | 2016-08 | ||
| Bmc Health System Inc | other | 2013-07 | ||
| Brendan Magauran | corporate officer | 2016-08 | ||
| Claire Perlman | corporate officer | 2016-08 | ||
| David Ament | corporate officer | 2016-08 | ||
| David Beck | corporate officer | 2011-12 | ||
| David Coleman | corporate officer | 2016-08 | ||
| James Blue | corporate officer | 2016-08 | ||
| Jerod Mayo | corporate officer | 2016-08 | ||
| John Hailer | corporate officer | 2016-08 | ||
| Karen Antman | corporate officer | 2016-08 | ||
| Karen Fine | w-2 managing employee | 2023-05 | ||
| Karen Kames | corporate officer | 2016-08 | ||
| Martha Samuelson | corporate officer | 2016-08 | ||
| Melanie Foley | corporate officer | 2016-08 | ||
| Monica Valdes Lupi | corporate officer | 2016-08 | ||
| Nicole Sexton | w-2 managing employee | 2019-06 | ||
| Paul Egerman | corporate officer | 2016-08 | ||
| Pierre Cremieux | corporate officer | 2016-08 | ||
| Randi Cutler | corporate officer | 2016-08 |
Showing 25 of 33. Full list via /api/targets/220031.
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 |