Tufts Medical Center
Boston, Suffolk County, MA
· CCN 220116
Licensed to Tufts Medical Center Inc
Composite
54.7
rank score
Distress
70
FY2023
Fit
58
vs thesis
Estimated ticket
$25.5M–$51.0M
364 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- current liabilities exceed current assets
- debt above 70% of assets
- margin deteriorating
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $889M |
| Operating margin | -43.2% |
| Total margin | -0.0% |
| Days cash on hand | 16 |
| Current ratio | 0.98 |
| Occupancy | 76% |
Facility
| Beds | 364 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 385 | $732M | $38.2M | -32.7% | 3.8% | 25 | 1.10 | 64% | 16,153 | 58 |
| 2021 | 385 | $860M | $135M | -22.8% | 11.4% | 7 | 1.35 | 70% | 17,093 | 53 |
| 2022 | 385 | $820M | $-190M | -49.1% | -18.5% | 0 | 0.89 | 70% | 16,041 | 83 |
| 2023 | 364 | $889M | $-332K | -43.2% | -0.0% | 16 | 0.98 | 76% | 17,157 | 70 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ann Louise Puopolo | operational/managerial control | 100 | 2024-09 | |
| Brian Kavoogian | operational/managerial control | 100 | 2022-10 | |
| Erika Werner | operational/managerial control | 100 | 2024-04 | |
| Gautam Shrikhande | operational/managerial control | 100 | 2024-02 | |
| Gerald Cohen | operational/managerial control | 100 | 2022-10 | |
| Helen Boucher | operational/managerial control | 100 | 2022-10 | |
| Jason Hall | operational/managerial control | 100 | 2022-10 | |
| John Herman | corporate officer | 100 | 2025-09 | |
| Karen Freund | operational/managerial control | 100 | 2022-10 | |
| M Reza Vagefi | operational/managerial control | 100 | 2024-09 | |
| Michael Dandorph | corporate officer | 100 | 2020-01 | |
| Paul Nasser | operational/managerial control | 100 | 2022-10 | |
| Regina Rockefeller | operational/managerial control | 100 | 2022-10 | |
| Tufts Medicine, Inc | 5% or greater indirect ownership interest | 100 | 2014-10 | |
| Tufts-Medical Center, Parent Inc. | 5% or greater direct ownership interest | 100 | 2014-10 | |
| John Devoe | w-2 managing employee | 2024-02 | ||
| Zachary Redmond | corporate officer | 2024-01 |
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 |