Spaulding Rehabilitation Hospital
dba Spaulding Rehabilitation Hospital - Boston ·
Charlestown, Suffolk County, MA
· CCN 223034
Licensed to The Spaulding Rehabilitation Hospital Corporation
Composite
62.4
rank score
Distress
72
FY2023
Fit
75
vs thesis
Estimated ticket
$30.0M–$120M
132 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
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $168M |
| Operating margin | -24.2% |
| Total margin | -10.9% |
| Days cash on hand | 19 |
| Current ratio | 0.56 |
| Occupancy | 93% |
Facility
| Beds | 132 |
| 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 | 132 | $131M | $-25.9M | -31.9% | -17.2% | 30 | 0.87 | 93% | 2,125 | 76 |
| 2021 | 132 | $147M | $-11.0M | -22.8% | -6.7% | 24 | 0.76 | 92% | 2,258 | 76 |
| 2022 | 132 | $145M | $-28.3M | -34.4% | -16.9% | 17 | 0.55 | 88% | 2,044 | 80 |
| 2023 | 132 | $168M | $-20.5M | -24.2% | -10.9% | 19 | 0.56 | 93% | 2,554 | 72 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ali Raja | corporate director | 2022-09 | ||
| Anne Klibanski | other | 2019-06 | ||
| 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 | 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 | ||
| Mass General Brigham Incorporated | operational/managerial control | 1994-03 | ||
| Matthew Pullen | corporate director | 2025-01 | ||
| Melissa Brennan | corporate officer | 2014-03 | ||
| Michael Gee | corporate director | 2024-01 | ||
| Monica Baggio Tormey | corporate officer | 2015-01 | ||
| 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 | ||
| Tevia Pollard | corporate director | 2023-07 |
Showing 25 of 27. Full list via /api/targets/223034.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.