Spaulding Hospital Cambridge
dba Spaulding Hospital For Continuing Medical Care - Cambridge ·
Cambridge, Middlesex County, MA
· CCN 222000
Licensed to Spaulding Hospital-Cambridge Inc.
Composite
70.0
rank score
Distress
90
FY2023
Fit
69
vs thesis
Estimated ticket
$37.8M–$151M
180 beds ·
within envelope
Ownership
nonprofit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $70.8M |
| Operating margin | -47.3% |
| Total margin | -29.0% |
| Days cash on hand | 0 |
| Current ratio | 0.23 |
| Occupancy | 60% |
Facility
| Beds | 180 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 180 | $59.9M | $-21.6M | -80.8% | -24.5% | 5 | 2.38 | 62% | 1,151 | 67 |
| 2021 | 180 | $70.3M | $-5.2M | -25.2% | -6.3% | 2 | 0.52 | 62% | 1,052 | 76 |
| 2022 | 180 | $71.7M | $-17.3M | -36.1% | -21.6% | 0 | 0.43 | 61% | 819 | 88 |
| 2023 | 180 | $70.8M | $-23.4M | -47.3% | -29.0% | 0 | 0.23 | 60% | 864 | 90 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mass General Brigham Incorporated | 5% or greater direct ownership interest | 100 | 2009-05 | chain |
| Ali Raja | corporate director | 2022-06 | ||
| Daniel Jones | corporate director | 2016-01 | ||
| David Fischer | corporate director | 2019-01 | ||
| David Silbersweig | corporate director | 2017-11 | ||
| Donna Luken | corporate officer | 2011-07 | ||
| Jeffrey Schneider | corporate director | 2025-08 | ||
| Jonathon Schwartz | corporate director | 2025-09 | ||
| Joseph Kennedy | corporate director | 2024-07 | ||
| Joseph Ryan | corporate director | 2017-11 | ||
| Linda Sallop | corporate director | 2022-07 | ||
| Makeeba Mccreary | corporate director | 2024-07 | ||
| Mark Wheeler | corporate director | 2025-09 | ||
| Matthew Pullen | corporate director | 2025-01 | ||
| Melissa Brennan | corporate officer | 2014-03 | ||
| Michael Gee | corporate director | 2024-01 | ||
| Monica Baggio Tormey | corporate officer | 2017-07 | ||
| Monica Baggio Tormey | w-2 managing employee | 2015-01 | ||
| Paula Speers | corporate officer | 2021-07 | ||
| Robin Jones | corporate director | 2025-01 | ||
| Ruel Jackson | corporate director | 2024-10 | ||
| Samantha Desantis | corporate director | 2024-04 | ||
| Samantha Desantis | w-2 managing employee | 2024-04 | ||
| Tevia Pollard | corporate director | 2023-07 | ||
| Vicente Piedrahita | corporate director | 2024-07 |
Showing 25 of 26. Full list via /api/targets/222000.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.