Emerson Hospital
Concord, MA
· CCN 220084
Licensed to Emerson Hospital
Composite
56.1
rank score
Distress
58
FY2023
Fit
75
vs thesis
Estimated ticket
$47.2M–$189M
111 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- under 30 days cash on hand
- current liabilities exceed current 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $336M |
| Operating margin | -9.3% |
| Total margin | -2.5% |
| Days cash on hand | 12 |
| Current ratio | 0.90 |
| Occupancy | 67% |
Facility
| Beds | 111 |
| 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 | 111 | $245M | $-4.8M | -18.6% | -1.7% | 65 | 1.16 | 57% | 5,561 | 56 |
| 2021 | 111 | $301M | $42.4M | -4.6% | 11.8% | 58 | 1.40 | 62% | 6,075 | 36 |
| 2022 | 111 | $315M | $8.5M | -10.1% | 2.4% | 31 | 1.12 | 62% | 6,833 | 48 |
| 2023 | 111 | $336M | $-9.0M | -9.3% | -2.5% | 12 | 0.90 | 67% | 7,115 | 58 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Christine Schuster | corporate officer | 2010-10 | ||
| Christine Schuster | corporate director | 2010-10 | ||
| Christine Schuster | w-2 managing employee | 2010-10 | ||
| Christine Schuster | operational/managerial control | 2010-10 | ||
| Christopher Coloian | corporate director | 2015-04 | ||
| David Lautz | corporate director | 2018-04 | ||
| David Rose | corporate director | 2010-10 | ||
| Eileen Deignan | corporate director | 2015-04 | ||
| Gloria Clough | corporate director | 2010-10 | ||
| James Digiovanni | corporate director | 2010-10 | ||
| James Street | corporate director | 2015-04 | ||
| Jeffery Campbell | corporate director | 2017-04 | ||
| Jill Stansky | corporate director | 2010-04 | ||
| John Hickling | corporate director | 2010-10 | ||
| John Libertino | corporate director | 2020-06 | ||
| Lindsay Knox | w-2 managing employee | 2011-06 | ||
| Michael Zak | corporate director | 2010-10 | ||
| Paul Birch | corporate director | 2010-10 | ||
| Richard Churchill | corporate director | 2010-10 | ||
| Rose Ann Giordano | corporate director | 2010-10 | ||
| Scott Kosowicz | corporate officer | 2025-05 | ||
| Scott Kosowicz | w-2 managing employee | 2018-10 | ||
| Stephen Coco | corporate officer | 2021-12 | ||
| William Ryan | corporate director | 2017-04 |
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 |