Lowell General Hospital
Lowell, MA
· CCN 220063
Licensed to The Lowell General Hospital
Composite
51.2
rank score
Distress
57
FY2023
Fit
64
vs thesis
Estimated ticket
$33.1M–$66.3M
390 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- current liabilities exceed current assets
- debt above 70% of assets
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $504M |
| Operating margin | -13.8% |
| Total margin | 9.4% |
| Days cash on hand | 20 |
| Current ratio | 0.98 |
| Occupancy | 66% |
Facility
| Beds | 390 |
| 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 | 407 | $412M | $12.4M | -14.2% | 2.6% | 61 | 0.77 | 51% | 18,492 | 58 |
| 2021 | 390 | $457M | $8.7M | -8.1% | 1.7% | 17 | 0.63 | 55% | 17,777 | 68 |
| 2022 | 390 | $456M | $-95.4M | -29.1% | -19.5% | 14 | 0.63 | 62% | 18,161 | 84 |
| 2023 | 390 | $504M | $48.6M | -13.8% | 9.4% | 20 | 0.98 | 66% | 19,059 | 57 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Circle Health, Inc. | 5% or greater direct ownership interest | 100 | 2014-10 | |
| Tufts Medicine, Inc | 5% or greater indirect ownership interest | 100 | 2014-10 | |
| Amy Hoey | w-2 managing employee | 2007-11 | ||
| Brian Chapman | corporate director | 2022-01 | ||
| Bruce Robinson | corporate director | 2015-04 | ||
| Daniel Mansur | corporate director | 2012-07 | ||
| John Carson | corporate director | 2016-04 | ||
| John Devoe | corporate officer | 2024-01 | ||
| John Devoe | w-2 managing employee | 2024-01 | ||
| Michael Dubuque | corporate officer | 2021-01 | ||
| Naomi Prendergast | corporate officer | 2021-01 | ||
| Naomi Prendergast | corporate director | 2016-04 | ||
| Raymond Anstiss | corporate officer | 2021-01 | ||
| Raymond Anstiss | corporate director | 2012-07 | ||
| Shamim Dahod | corporate director | 2013-05 | ||
| Tushar Patel | corporate director | 2016-04 | ||
| William Wyman | corporate officer | 2018-05 | ||
| William Wyman | corporate director | 2014-04 | ||
| Zachary Redmond | corporate officer | 2024-01 | ||
| Zachary Redmond | w-2 managing employee | 2024-01 |
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 |