Marthas Vineyard Hospital
dba Martha's Vineyard Hospital ·
Oak Bluffs, Dukes County, MA
· CCN 221300
Licensed to Martha's Vineyard Hospital Inc
Composite
23.8
rank score
Distress
11
FY2023
Fit
47
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin under 2%
- occupancy 45-60%
- margin slipping
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $135M |
| Operating margin | 1.0% |
| Total margin | 6.6% |
| Days cash on hand | 184 |
| Current ratio | 3.15 |
| Occupancy | 55% |
Facility
| Beds | 25 |
| Facility type | CAH |
| 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 | 25 | $94.0M | $8.4M | -5.7% | 7.6% | 170 | 1.92 | 51% | 1,056 | 24 |
| 2021 | 25 | $108M | $20.2M | -0.5% | 15.5% | 457 | 3.20 | 48% | 892 | 18 |
| 2022 | 25 | $122M | $7.7M | 3.2% | 6.2% | 191 | 2.64 | 46% | 868 | 2 |
| 2023 | 25 | $135M | $9.4M | 1.0% | 6.6% | 184 | 3.15 | 55% | 1,127 | 11 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| The Massachusetts General Hospital | 5% or greater direct ownership interest | 100 | 2007-02 | |
| Brent Henry | corporate officer | 2016-01 | ||
| Bruce Bullen | corporate officer | 2019-01 | ||
| Christopher Scott | corporate officer | 2019-01 | ||
| Daniel Pesch | corporate director | 2020-07 | ||
| Debra Burke | corporate officer | 2016-01 | ||
| Denise Schepici | corporate officer | 2020-07 | ||
| Joanna Hazell | corporate director | 2024-01 | ||
| Joanna Hazell | w-2 managing employee | 2024-01 | ||
| John Denson | corporate director | 2023-11 | ||
| Juliette Fay | corporate officer | 2019-01 | ||
| Michael Jaff | corporate officer | 2016-01 | ||
| Paulo Deoliveira | corporate director | 2024-07 | ||
| Peter Nessen | corporate officer | 2020-07 | ||
| Rebecca Haag | corporate director | 2021-09 | ||
| Thomas Colomb | corporate officer | 2020-07 | ||
| Valerie Stone | corporate director | 2024-06 | ||
| Vincent Mcdermott | corporate director | 2024-01 | ||
| William Roman | corporate director | 2020-07 | ||
| Zachary Rosenburg | corporate director | 2023-03 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.