Steward St. Elizabeths Medical Ctr
dba St. Elizabeth's Medical Center ·
Boston, Suffolk County, MA
· CCN 220036
Licensed to Bmc Community Hospital Corporation Ii
Already transacted. CMS recorded an ownership change effective
2024-10-01. Confirm the current owner before spending a call on this.
Composite
20.2
rank score
Distress
73
FY2023
Fit
62
vs thesis
Estimated ticket
$17.1M–$34.2M
244 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- debt above 70% of assets
- margin deteriorating sharply
- 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 | $388M |
| Operating margin | -10.7% |
| Total margin | -3.2% |
| Days cash on hand | 0 |
| Current ratio | 1.48 |
| Occupancy | 60% |
Facility
| Beds | 244 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 220 | $380M | $24.7M | -2.9% | 5.9% | 0 | 3.62 | 68% | 10,458 | 38 |
| 2021 | 240 | $422M | $43.4M | 6.5% | 9.9% | 0 | 4.51 | 66% | 10,682 | 22 |
| 2022 | 244 | $429M | $32.5M | 0.7% | 7.1% | 0 | 3.75 | 69% | 10,062 | 29 |
| 2023 | 244 | $388M | $-13.4M | -10.7% | -3.2% | 0 | 1.48 | 60% | 9,568 | 73 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ankur Agrawal | corporate officer | 100 | 2024-10 | |
| Bmc Community Hospital Corporation Ii | 5% or greater direct ownership interest | 100 | 2024-10 | |
| Bmc Health System Inc | 5% or greater indirect ownership interest | 100 | 2024-10 | |
| Yousef Ghanem | corporate director | 100 | 2024-10 | |
| Alastair Bell | corporate officer | 2024-10 | ||
| Alastair Bell | corporate director | 2024-10 | ||
| David Beck | corporate officer | 2024-10 | ||
| Jesse Souweine | corporate officer | 2024-10 | ||
| Jesse Souweine | w-2 managing employee | 2024-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-10-01 | change of ownership | Bmc Community Hospital Corporation Ii | Steward St Elizabeths Medical... |
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 |