Henry Heywood Memorial Hospital
dba Heywood Hospital ·
Gardner, Worcester County, MA
· CCN 220095
Licensed to Henry Heywood Memorial Hospital
Composite
66.0
rank score
Distress
87
FY2023
Fit
67
vs thesis
Estimated ticket
$39.9M–$160M
114 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 below 0.8
- liabilities exceed assets
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $144M |
| Operating margin | -37.6% |
| Total margin | -8.3% |
| Days cash on hand | 5 |
| Current ratio | 0.50 |
| Occupancy | 34% |
Facility
| Beds | 114 |
| 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 | 114 | $128M | $-12.9M | -14.6% | -8.7% | 59 | 1.62 | 36% | 3,409 | 67 |
| 2021 | 114 | $136M | $3.7M | -10.4% | 2.4% | 9 | 0.86 | 39% | 3,541 | 64 |
| 2022 | 114 | $136M | $-18.5M | -28.8% | -11.8% | 4 | 0.52 | 37% | 3,259 | 93 |
| 2023 | 114 | $144M | $-15.1M | -37.6% | -8.3% | 5 | 0.50 | 34% | 3,302 | 87 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Albert Rose | corporate director | 2018-01 | ||
| Cheney Castine | corporate director | 2012-12 | ||
| Craig Napolitano | corporate director | 2021-01 | ||
| Craig Twohey | corporate director | 2015-02 | ||
| David Spackman | corporate director | 2019-05 | ||
| Erin O'hara | corporate director | 2022-01 | ||
| Frank Sweeney | corporate director | 2022-01 | ||
| Glenn Hunt | corporate director | 2012-12 | ||
| Heywood Healthcare Inc | operational/managerial control | 2013-09 | ||
| Joanne Parks | corporate director | 2012-12 | ||
| Joel Shaughnessy | corporate director | 2012-12 | ||
| John Bujak | corporate officer | 2024-08 | ||
| John Bujak | corporate director | 2024-08 | ||
| John Bujak | w-2 managing employee | 2024-08 | ||
| John Skrzypczak | corporate director | 2012-12 | ||
| Joyce Fletcher | corporate director | 2012-12 | ||
| Nicole Moorshead | corporate director | 2020-01 | ||
| Robert Chauvin | corporate director | 2012-12 | ||
| Roy Lake | corporate director | 2012-12 | ||
| Thomas Kane | corporate director | 2020-01 | ||
| Tina Sbrega | corporate director | 2012-12 |
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 |