Steward Holy Family Hospital
dba Merrimack Health Methuen Hospital ·
Methuen, Essex County, MA
· CCN 220080
Licensed to Lg Newcorp Inc.
Already transacted. CMS recorded an ownership change effective
2024-10-01. Confirm the current owner before spending a call on this.
Composite
19.1
rank score
Distress
70
FY2023
Fit
58
vs thesis
Estimated ticket
$20.5M–$41.0M
293 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- small ticket — deploys little of the available capital
- moderate occupancy
- for-profit — no charitable conversion review
- changed ownership 2024-10-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $223M |
| Operating margin | -17.5% |
| Total margin | -2.0% |
| Days cash on hand | — |
| Current ratio | -0.11 |
| Occupancy | 46% |
Facility
| Beds | 293 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 298 | $239M | $10.9M | -12.9% | 3.9% | 0 | 0.08 | 52% | 11,401 | 66 |
| 2021 | 293 | $268M | $23.7M | 0.7% | 7.9% | 0 | -0.04 | 54% | 11,897 | 44 |
| 2022 | 293 | $259M | $15.6M | -5.0% | 5.4% | 0 | 0.02 | 52% | 10,747 | 53 |
| 2023 | 293 | $223M | $-5.0M | -17.5% | -2.0% | — | -0.11 | 46% | 9,751 | 70 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Lawrence General Hospital | other | 100 | 2024-07 | |
| Brenden Hayden | corporate director | 2026-01 | ||
| Carol Powers | corporate officer | 2024-07 | ||
| Carol Powers | corporate director | 2024-07 | ||
| Dan Rivera | corporate director | 2024-07 | ||
| Diana Richardson | corporate officer | 2025-04 | ||
| Diana Richardson | w-2 managing employee | 2025-04 | ||
| Eduardo Haddad | corporate director | 2026-01 | ||
| Glenn Newsome | corporate director | 2026-01 | ||
| Greg Sebasky | corporate director | 2026-01 | ||
| Jose Cruz | corporate director | 2026-01 | ||
| Joyce Shannon | corporate director | 2026-01 | ||
| Juan Montanez | corporate director | 2026-01 | ||
| Kevin Kilday | corporate officer | 2024-10 | ||
| Kevin Kilday | w-2 managing employee | 2024-10 | ||
| Lane Glenn | corporate director | 2026-01 | ||
| Laurel Sweeney | corporate officer | 2024-07 | ||
| Laurel Sweeney | corporate director | 2024-07 | ||
| Marianne Paley-Nadel | corporate director | 2026-01 | ||
| Mark Johnson | corporate director | 2026-01 | ||
| Michael Sklar | corporate director | 2026-01 | ||
| Rosemarie Day | corporate director | 2024-07 | ||
| Vilma Martinez-Dominguez | corporate director | 2026-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-10-01 | change of ownership | Lg Newcorp Inc. | Steward Holy Family Hospital Inc |
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 |