Southcoast Hospitals Group Inc
dba Tobey Hospital ·
Fall River, Bristol County, MA
· CCN 220074
Licensed to Southcoast Hospitals Group Inc
Composite
17.5
rank score
Distress
51
FY2023
Fit
52
vs thesis
Estimated ticket
$270M–$1.1B
635 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- current ratio under 1.5
- margin slipping
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $914M |
| Operating margin | -13.1% |
| Total margin | 9.7% |
| Days cash on hand | 14 |
| Current ratio | 1.39 |
| Occupancy | 64% |
Facility
| Beds | 635 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 820 | $778M | $108M | -7.8% | 11.4% | 115 | 1.36 | 51% | 31,495 | 32 |
| 2021 | 634 | $830M | $106M | -7.1% | 10.7% | 56 | 1.08 | 67% | 29,364 | 42 |
| 2022 | 641 | $845M | $-67.3M | -16.0% | -7.4% | 13 | 1.36 | 68% | 27,594 | 66 |
| 2023 | 635 | $914M | $111M | -13.1% | 9.7% | 14 | 1.39 | 64% | 28,805 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anil Shukla | corporate officer | 2024-01 | ||
| Carmen Sylvester | corporate officer | 2022-01 | ||
| Christopher Hodgson | corporate officer | 2022-01 | ||
| David Mccready | corporate officer | 2023-10 | ||
| Dennis Fusco | corporate officer | 2022-01 | ||
| Donald Giumetti | corporate officer | 2022-01 | ||
| Elizabeth Huidekoper | corporate officer | 2022-01 | ||
| Helena Dasilva Hughes | corporate officer | 2022-01 | ||
| Ilana Feinerman | corporate officer | 2022-01 | ||
| Jason Rua | corporate officer | 2022-01 | ||
| Jay Schachne | corporate officer | 2022-01 | ||
| Johnathan Rounds | corporate officer | 2022-01 | ||
| Louis Cabral | corporate officer | 2022-01 | ||
| Michael Bushell | corporate officer | 2024-10 | ||
| Michael Knoll | w-2 managing employee | 2017-07 | ||
| Philip Rapoza | corporate officer | 2024-01 | ||
| Renee Clark | corporate officer | 2022-01 | ||
| Salman Bashir | corporate officer | 2022-01 | ||
| W Hugh Morton | corporate officer | 2022-01 |
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 |