Morton Hospital
dba Brown University Health Morton Hospital ·
Taunton, Bristol County, MA
· CCN 220073
Licensed to Lifespan Of Massachusetts - Taunton Inc
Already transacted. CMS recorded an ownership change effective
2024-10-01. Confirm the current owner before spending a call on this.
Composite
17.4
rank score
Distress
41
FY2023
Fit
78
vs thesis
Estimated ticket
$62.5M–$250M
125 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin under 2%
- debt above 85% of assets
- margin slipping
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- 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 | $160M |
| Operating margin | -8.8% |
| Total margin | 0.3% |
| Days cash on hand | — |
| Current ratio | 1.55 |
| Occupancy | 73% |
Facility
| Beds | 125 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 93 | $119M | $786K | -22.6% | 0.5% | — | -0.54 | 69% | 5,289 | 57 |
| 2021 | 97 | $140M | $4.9M | -6.2% | 3.2% | — | -2.45 | 75% | 5,862 | 46 |
| 2022 | 125 | $156M | $2.0M | -6.0% | 1.2% | 0 | -1.04 | 70% | 6,910 | 66 |
| 2023 | 125 | $160M | $587K | -8.8% | 0.3% | — | 1.55 | 73% | 7,183 | 41 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Lifespan Of Massachusetts, Inc. | 5% or greater direct ownership interest | 100 | 1997-09 | |
| Alan Litwin | corporate director | 2024-09 | ||
| Angel Taveras | corporate director | 2024-09 | ||
| Angela Caliendo | corporate director | 2025-10 | ||
| Bernard Buonanno | corporate director | 2024-09 | ||
| Christian Cocks | corporate director | 2024-09 | ||
| Christine Rawnsley | w-2 managing employee | 2024-09 | ||
| Emanuel Barrows | corporate director | 2024-09 | ||
| Eric Dyl | w-2 managing employee | 2016-07 | ||
| Eva Greenwood | corporate officer | 2024-09 | ||
| Eva Greenwood | corporate director | 2024-09 | ||
| Eva Greenwood | w-2 managing employee | 2024-09 | ||
| Heidi Taylor | corporate director | 2024-09 | ||
| Heidi Taylor | w-2 managing employee | 2024-09 | ||
| Janet Robinson | corporate director | 2024-09 | ||
| Jeffery Greenberg | corporate director | 2025-12 | ||
| John Fernandez | w-2 managing employee | 2024-09 | ||
| Michael Hanna | corporate director | 2024-09 | ||
| Paula Mcnamara | corporate director | 2024-09 | ||
| Peter Markell | corporate officer | 2024-09 | ||
| Peter Markell | w-2 managing employee | 2024-09 | ||
| Robert Dimuccio | corporate director | 2025-12 | ||
| Samuel Mencoff | corporate director | 2024-09 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-10-01 | change of ownership | Lifespan Of Massachusetts - Taunton Inc | Morton Hospital, A Steward... |
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 |