Beth Israel Deaconess Hospital- Need
Needham, Norfolk County, MA · CCN 220083
Composite
63.0
rank score
Distress
77
FY2023
Fit
71
vs thesis
Estimated ticket
$20.3M–$81.2M
58 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- debt above 70% of assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $144M |
| Operating margin | -95.1% |
| Total margin | -89.0% |
| Days cash on hand | 10 |
| Current ratio | 1.30 |
| Occupancy | 93% |
Facility
| Beds | 58 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 58 | $92.6M | $-376K | -14.8% | -0.4% | 119 | 1.63 | 53% | 2,665 | 42 |
| 2021 | 58 | $119M | $704K | -1.9% | 0.6% | 104 | 1.48 | 69% | 3,422 | 27 |
| 2022 | 58 | $132M | $2.6M | -1.6% | 1.9% | 13 | 1.73 | 82% | 4,013 | 46 |
| 2023 | 58 | $144M | $-132M | -95.1% | -89.0% | 10 | 1.30 | 93% | 4,270 | 77 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |