dealflow
envelope $200M

← Targets

Beth Israel Deaconess - Plymouth

Plymouth, MA · CCN 220060
Licensed to Beth Israel Deaconess Hospital Plymouth Inc

Composite
54.8
rank score
Distress
55
FY2023
Fit
75
vs thesis
Estimated ticket
$64.2M–$257M
151 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin negative
  • total margin under 2%
  • under 30 days cash on hand
  • current liabilities exceed current assets
  • margin deteriorating sharply
  • urban — higher occupancy and iteration surface
  • bed count in the target band
  • ticket size uses the capital envelope well
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$358M
Operating margin -1.9%
Total margin 0.3%
Days cash on hand 24
Current ratio 0.97
Occupancy97%

Facility

Beds151
Facility typeSTH
Settingurban
Ownership classnonprofit
Per-bed (low) $425K
Per-bed (high) $1.7M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 145 $283M $19.5M -3.0% 6.3% 149 1.43 88% 10,546 23
2021 150 $317M $5.6M -0.3% 1.7% 117 1.53 90% 10,546 23
2022 150 $349M $21.6M 2.6% 6.0% 23 1.28 91% 10,169 26
2023 151 $358M $973K -1.9% 0.3% 24 0.97 97% 12,511 55

Owners

OwnerRole%SinceType
Beth Israel Lahey Health, Inc.
Boston, MA
5% or greater direct ownership interest 100 2019-03
Alison Gilmore Carr corporate director 2022-10
Anna Marini corporate director 2020-10
Catherine Grey w-2 managing employee 1998-08
Catherine Mckenna corporate director 2021-10
Charles Hewitt corporate director 2018-01
David Kelly corporate director 2019-01
Erin Burns corporate director 2022-10
Harvey Kowaloff corporate director 2021-03
Jamie Katz corporate director 2014-01
Jeffrey Kapell corporate director 2019-05
Jon Mcgrath corporate director 2021-10
Julia Kenniston corporate director 2023-09
Kevin Coughlin corporate officer 2017-06
Kevin Coughlin w-2 managing employee 2014-09
Kevin Tabb corporate director 2014-01
Kristina Mcgill corporate director 2023-10
Mary Dwyer corporate officer 2013-01
Nate Horwitz-Willis corporate director 2019-05
Nicole Mulkern corporate officer 2022-04
Raymond Blair corporate director 2022-10
Sheilah Rangaviz corporate officer 2024-03
Sheilah Rangaviz operational/managerial control 2024-03

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.

DateBuyerSellerHospitalBeds
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