New England Baptist Hospital
Boston, Suffolk County, MA
· CCN 220088
Licensed to New England Baptist Hospital
Composite
56.2
rank score
Distress
69
FY2023
Fit
63
vs thesis
Estimated ticket
$31.9M–$128M
75 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size somewhat below the envelope
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $216M |
| Operating margin | -12.6% |
| Total margin | -1.7% |
| Days cash on hand | 0 |
| Current ratio | 0.09 |
| Occupancy | 32% |
Facility
| Beds | 75 |
| 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 | 98 | $189M | $-7.1M | -16.3% | -3.3% | 234 | 2.57 | 44% | 6,925 | 46 |
| 2021 | 75 | $216M | $28.4M | -4.0% | 11.2% | 249 | 3.07 | 50% | 6,137 | 18 |
| 2022 | 75 | $221M | $5.1M | -4.6% | 2.2% | 105 | 5.52 | 36% | 3,690 | 26 |
| 2023 | 75 | $216M | $-3.9M | -12.6% | -1.7% | 0 | 0.09 | 32% | 2,737 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Beth Israel Lahey Health, Inc. | 5% or greater direct ownership interest | 100 | 2019-03 | |
| Brian Hollenbeck | corporate officer | 2020-10 | ||
| Brian Hollenbeck | w-2 managing employee | 2021-08 | ||
| Brian Smith | corporate officer | 2023-08 | ||
| Christopher Collins | corporate director | 2019-03 | ||
| Colleen Kigin | corporate director | 2023-10 | ||
| David Mattingly | corporate officer | 2019-03 | ||
| David Mattingly | corporate director | 2019-03 | ||
| David Passafaro | corporate director | 2019-03 | ||
| David Passafaro | w-2 managing employee | 2019-03 | ||
| Frederick Basilico | corporate director | 2019-03 | ||
| Gregory Cahill | corporate director | 2019-12 | ||
| John Bachman | corporate director | 2019-03 | ||
| John Jackson | corporate director | 2021-07 | ||
| Joseph Albanese | corporate director | 2023-10 | ||
| Judene Williams | corporate director | 2023-10 | ||
| Mary Smith | corporate director | 2019-03 | ||
| Mary Smith | w-2 managing employee | 2019-03 | ||
| Michael Rowan | corporate director | 2021-07 | ||
| Nancy Nager | corporate director | 2019-12 | ||
| Roberto Cruz-Gervis | corporate director | 2021-12 | ||
| Roberto Cruz-Gervis | w-2 managing employee | 2004-07 | ||
| Thomas Barker | corporate director | 2019-09 |
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 |