Athol Memorial Hospital
Athol, Worcester County, MA
· CCN 221303
Licensed to Athol Memorial Hospital Incorporated
Composite
54.0
rank score
Distress
79
FY2023
Fit
46
vs thesis
Estimated ticket
$1.2M–$2.5M
21 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin -10% to -5%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very small facility
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $37.6M |
| Operating margin | -7.5% |
| Total margin | -52.1% |
| Days cash on hand | 13 |
| Current ratio | 0.66 |
| Occupancy | 52% |
Facility
| Beds | 21 |
| Facility type | CAH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 21 | $33.7M | $13.1M | 4.1% | 28.1% | 139 | 1.22 | 45% | 319 | 13 |
| 2021 | 21 | $38.5M | $3.7M | 5.5% | 9.3% | 21 | 0.71 | 48% | 355 | 38 |
| 2022 | 21 | $30.3M | $-6.0M | -26.1% | -18.8% | — | 0.21 | 48% | 381 | 91 |
| 2023 | 21 | $37.6M | $-13.9M | -7.5% | -52.1% | 13 | 0.66 | 52% | 393 | 79 |
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 | ||
| Debra Vescovi | corporate director | 2019-01 | ||
| Erin O'hara | 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 | 2013-01 | ||
| John Bujak | corporate officer | 2024-02 | ||
| John Skrzypczak | corporate director | 2012-12 | ||
| Joyce Fletcher | corporate director | 2012-12 | ||
| Kenneth Pierce | corporate director | 2012-12 | ||
| Michael Abbatiello | w-2 managing employee | 2020-01 | ||
| Michele Parker | corporate director | 2012-12 | ||
| Robert Chauvin | corporate director | 2012-12 | ||
| Roy Lake | corporate director | 2012-12 | ||
| Tina Sbrega | corporate director | 2012-12 | ||
| Winfield Brown | corporate officer | 2012-12 | ||
| Winfield Brown | corporate director | 2012-12 | ||
| Winfield Brown | w-2 managing employee | 2012-12 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.