dealflow
envelope $200M

← Targets

Steward Norwood Hospital

Norwood, Norfolk County, MA · CCN 220126

Composite
17.4
rank score
Distress
62
FY2023
Fit
39
vs thesis
Estimated ticket
—–—
— beds · over envelope
Ownership
for-profit
STH

Why it ranks here

  • operating margin below -10%
  • under 30 days cash on hand
  • current ratio below 0.8
  • urban — higher occupancy and iteration surface
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$16.5M
Operating margin -94.1%
Total margin 61.6%
Days cash on hand 0
Current ratio -0.03
Occupancy

Facility

Beds
Facility typeSTH
Settingurban
Ownership classfor-profit
Per-bed (low)
Per-bed (high)

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 149 $98.3M $1.1M -29.2% 0.8% 0 0.00 30% 3,867 76
2021 $23.2M $-28.2M -174.7% -78.9% -0.02 84
2022 $20.9M $38.0M 13.4% 67.7% 0 -0.05 39
2023 $16.5M $51.5M -94.1% 61.6% 0 -0.03 62

Owners

No ownership records — CMS has no owner filings mapped to this CCN.

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.

DateBuyerSellerHospitalBeds
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