Milford Regional Medical Center Inc
Milford, Worcester County, MA
· CCN 220090
Licensed to Umass Memorial Health-Milford Regional Medical Center Inc
Composite
51.6
rank score
Distress
48
FY2023
Fit
75
vs thesis
Estimated ticket
$74.0M–$296M
148 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- 30-60 days cash on hand
- margin deteriorating
- 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 | $277M |
| Operating margin | -6.3% |
| Total margin | -2.2% |
| Days cash on hand | 38 |
| Current ratio | 1.83 |
| Occupancy | 71% |
Facility
| Beds | 148 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 149 | $204M | $4.6M | -10.8% | 2.0% | 140 | 1.85 | 63% | 8,686 | 36 |
| 2021 | 149 | $231M | $-9.3M | -8.7% | -3.8% | 100 | 1.85 | 65% | 8,823 | 39 |
| 2022 | 148 | $255M | $-6.0M | -7.2% | -2.3% | 48 | 1.93 | 70% | 9,045 | 47 |
| 2023 | 148 | $277M | $-6.4M | -6.3% | -2.2% | 38 | 1.83 | 71% | 9,204 | 48 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Umass Memorial Community Hospitals | 5% or greater direct ownership interest | 100 | 2024-10 | |
| Umass Memorial Health Care, Inc. | 5% or greater indirect ownership interest | 100 | 2024-10 | |
| Brian Huggins | w-2 managing employee | 2026-01 | ||
| Debra Wooldridge | w-2 managing employee | 2024-10 | ||
| Edward Kelly | corporate officer | 2004-03 | ||
| Julie Domino | operational/managerial control | 2013-07 | ||
| Marilyn Amaya | w-2 managing employee | 2024-10 | ||
| Steven Mccue | corporate director | 2025-12 |
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 |