New England Sinai
Stoughton, Norfolk County, MA · CCN 222027
Composite
70.1
rank score
Distress
96
FY2023
Fit
67
vs thesis
Estimated ticket
$38.2M–$153M
182 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- current ratio below 0.8
- liabilities exceed assets
- occupancy 30-45%
- margin deteriorating sharply
- 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
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $28.6M |
| Operating margin | -49.2% |
| Total margin | -45.1% |
| Days cash on hand | — |
| Current ratio | 0.48 |
| Occupancy | 38% |
Facility
| Beds | 182 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 182 | $55.8M | $9.0M | 6.6% | 14.8% | 0 | -1.92 | 50% | 1,112 | 49 |
| 2021 | 182 | $44.3M | $-5.7M | -13.6% | -12.8% | 0 | -2.32 | 43% | 669 | 97 |
| 2022 | 182 | $36.2M | $-8.2M | -31.6% | -20.9% | 0 | 1.20 | 35% | 358 | 87 |
| 2023 | 182 | $28.6M | $-13.3M | -49.2% | -45.1% | — | 0.48 | 38% | 311 | 96 |
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.