Faulkner Hospital
Jamaica Plain, Suffolk County, MA
· CCN 220119
Licensed to Brigham And Women's Faulkner Hospital, Inc.
Composite
52.4
rank score
Distress
64
FY2023
Fit
59
vs thesis
Estimated ticket
$12.5M–$25.0M
147 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $346M |
| Operating margin | -8.4% |
| Total margin | -4.4% |
| Days cash on hand | 24 |
| Current ratio | 1.15 |
| Occupancy | 79% |
Facility
| Beds | 147 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 147 | $278M | $13.8M | -5.3% | 4.4% | 100 | 1.26 | 67% | 8,323 | 30 |
| 2021 | 147 | $318M | $-50.5M | 0.5% | -15.2% | 6 | 0.65 | 72% | 8,110 | 59 |
| 2022 | 147 | $317M | $-16.7M | -7.9% | -5.1% | 0 | 0.89 | 72% | 7,385 | 66 |
| 2023 | 147 | $346M | $-15.7M | -8.4% | -4.4% | 24 | 1.15 | 79% | 7,979 | 64 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brigham Inc. | 5% or greater direct ownership interest | 100 | 1998-10 | |
| Mass General Brigham Incorporated | 5% or greater direct ownership interest | 100 | 1998-10 | |
| Mass General Brigham Incorporated | operational/managerial control | 100 | 1998-10 | |
| Albert Holman | corporate director | 2012-06 | ||
| Alexander Thorndike | corporate director | 2011-10 | ||
| Anne Finucane | corporate director | 2013-05 | ||
| Anne Klibanski | corporate director | 2019-05 | ||
| Daniel Morash | corporate officer | 2022-09 | ||
| Daniel Morash | w-2 managing employee | 2022-09 | ||
| Daphne Haas-Kogan | corporate director | 2021-09 | ||
| Deborah Enos | corporate director | 2015-07 | ||
| Gerard Doherty | corporate director | 2016-10 | ||
| Giles Boland | corporate director | 2020-09 | ||
| Gwill York | corporate director | 2010-09 | ||
| James Taiclet | corporate director | 2012-06 | ||
| John Connaughton | corporate director | 2019-09 | ||
| John Fish | corporate director | 2016-07 | ||
| Josefina Martinez Stamatos | corporate director | 2021-07 | ||
| Joshua Kraft | corporate director | 2014-07 | ||
| Karen Hale | corporate director | 2018-05 | ||
| Karen Kaplan | corporate director | 2016-07 | ||
| Kevin Giordano | corporate director | 2023-09 | ||
| Kevin Giordano | w-2 managing employee | 2023-09 | ||
| Linda Hill | corporate director | 2020-09 | ||
| Mark Nunnelly | corporate director | 2015-07 |
Showing 25 of 35. Full list via /api/targets/220119.
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 |