Rehab Hospital Of Cape & Islands
dba Spaulding Rehabilitation Hospital Cape Cod ·
East Sandwich, Barnstable County, MA
· CCN 223032
Licensed to Rehabilitation Hospital Of The Cape And Islands Corporation
Composite
66.4
rank score
Distress
82
FY2023
Fit
69
vs thesis
Estimated ticket
$13.7M–$54.6M
60 beds ·
within envelope
Ownership
nonprofit
RH
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
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $50.7M |
| Operating margin | -10.3% |
| Total margin | -8.5% |
| Days cash on hand | 11 |
| Current ratio | 0.31 |
| Occupancy | 72% |
Facility
| Beds | 60 |
| Facility type | RH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $228K |
| Per-bed (high) | $910K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 60 | $41.9M | $-4.5M | -12.7% | -10.5% | 0 | -0.80 | 70% | 1,038 | 80 |
| 2021 | 60 | $47.3M | $-1.3M | -4.8% | -2.6% | 13 | 0.54 | 73% | 1,013 | 63 |
| 2022 | 60 | $44.3M | $-7.3M | -17.0% | -16.3% | 11 | 0.33 | 66% | 927 | 88 |
| 2023 | 60 | $50.7M | $-4.4M | -10.3% | -8.5% | 11 | 0.31 | 72% | 1,155 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brian Masterson | w-2 managing employee | 100 | 2009-01 | |
| Mass General Brigham Incorporated | 5% or greater direct ownership interest | 100 | 1984-03 | chain |
| Ali Raja | corporate director | 2022-09 | ||
| Anne Klibanski | other | 2019-05 | ||
| 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 officer | 2025-08 | ||
| Jonathon Schwartz | corporate officer | 2025-09 | ||
| Joseph Kennedy | corporate director | 2023-07 | ||
| Joseph Ryan | corporate director | 2017-11 | ||
| Linda Sallop | corporate director | 2022-07 | ||
| Makeeba Mccreary | corporate director | 2023-07 | ||
| 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 officer | 2024-10 | ||
| Samantha Desantis | corporate director | 2024-04 | ||
| Samantha Desantis | w-2 managing employee | 2024-04 |
Showing 25 of 28. Full list via /api/targets/223032.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.