The Mercy Hospital
dba Mercy Medical Center ·
Springfield, Hampden County, MA
· CCN 220066
Licensed to The Mercy Hospital Inc
Composite
64.9
rank score
Distress
76
FY2024
Fit
72
vs thesis
Estimated ticket
$52.5M–$210M
150 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- debt above 70% of assets
- occupancy 45-60%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $288M |
| Operating margin | -22.9% |
| Total margin | -9.1% |
| Days cash on hand | 0 |
| Current ratio | 2.17 |
| Occupancy | 57% |
Facility
| Beds | 150 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 237 | $300M | $4.7M | -6.2% | 1.5% | 308 | 4.88 | 51% | 10,368 | 28 |
| 2022 | 150 | $278M | $4.5M | -19.2% | 1.4% | 3 | 1.69 | 66% | 8,017 | 58 |
| 2023 | 150 | $276M | $9.8M | -12.5% | 3.0% | 1 | 1.95 | 61% | 7,418 | 54 |
| 2024 | 150 | $288M | $-29.8M | -22.9% | -9.1% | 0 | 2.17 | 57% | 7,071 | 76 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Trinity Health Corporation | 5% or greater indirect ownership interest | 100 | 2014-07 | chain |
| Trinity Health Of New England Corporation Inc | 5% or greater direct ownership interest | 100 | 2016-01 | |
| Amanda Jones-Eshleman | corporate director | 2026-01 | ||
| Antonio Perugino | corporate officer | 2024-11 | ||
| Antonio Perugino | operational/managerial control | 2024-11 | ||
| Arosha Jayawickrema | corporate director | 2024-01 | ||
| Barbara Mullen | corporate director | 2019-01 | ||
| Garrett Casey | corporate director | 2025-01 | ||
| Ivelisse Cruz | corporate director | 2026-01 | ||
| Joann Price | corporate officer | 2024-01 | ||
| Joann Price | corporate director | 2019-01 | ||
| John Kinney | corporate director | 2024-01 | ||
| Juan Betancourt | corporate director | 2020-01 | ||
| Karl Krapek | corporate director | 2021-01 | ||
| Michelle Theroux | corporate director | 2022-01 | ||
| Nancy Kroeber | corporate director | 2022-01 | ||
| Robert Anthony | corporate officer | 2019-01 | ||
| Robert Roose | corporate officer | 2022-04 | ||
| Robert Roose | operational/managerial control | 2022-04 | ||
| Sheri Lemieux | corporate officer | 2019-01 | ||
| Steven Hanks | corporate officer | 2026-04 | ||
| Tina Weatherwax Grant | corporate director | 2025-01 | ||
| Walter Harrison | corporate officer | 2024-01 | ||
| Walter Harrison | corporate director | 2019-01 | ||
| Wesley Knauft | corporate director | 2025-01 |
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 |