Mclean Hospital
Belmont, Middlesex County, MA
· CCN 224007
Licensed to The Mclean Hospital Corporation
Composite
56.4
rank score
Distress
56
FY2023
Fit
78
vs thesis
Estimated ticket
$72.2M–$289M
309 beds ·
within envelope
Ownership
nonprofit
PH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- large — ticket likely stretches the envelope
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $226M |
| Operating margin | -58.0% |
| Total margin | -7.9% |
| Days cash on hand | 26 |
| Current ratio | 1.53 |
| Occupancy | 85% |
Facility
| Beds | 309 |
| Facility type | PH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 219 | $165M | $-63.0M | -61.3% | -29.7% | 39 | 1.11 | 86% | 5,268 | 64 |
| 2021 | 289 | $189M | $-205K | -50.8% | -0.1% | 1 | 0.85 | 88% | 5,599 | 67 |
| 2022 | 289 | $208M | $-29.0M | -58.9% | -9.6% | 130 | 3.49 | 96% | 5,802 | 49 |
| 2023 | 309 | $226M | $-26.0M | -58.0% | -7.9% | 26 | 1.53 | 85% | 6,245 | 56 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anne Klibanski | operational/managerial control | 2019-05 | ||
| April Koh | corporate director | 2024-07 | ||
| Carol Vallone | corporate officer | 2018-03 | ||
| Cathy Minehan | corporate director | 2022-05 | ||
| Chandra Ramanathan | corporate director | 2022-03 | ||
| Constance Hadley | corporate director | 2020-07 | ||
| Deborah Snow | corporate director | 2025-09 | ||
| Deborah Snow | w-2 managing employee | 2025-09 | ||
| Donna Luken | corporate officer | 2011-07 | ||
| Emily Barr | corporate director | 2025-09 | ||
| Gloria Larson | corporate director | 2018-11 | ||
| Husseini Manji | corporate director | 2020-11 | ||
| Jane Delgado | corporate director | 2022-09 | ||
| Joanna Hazell | corporate director | 2025-07 | ||
| Josef Vonrickenbach | corporate director | 2018-07 | ||
| Joshua Abrams | corporate officer | 2021-10 | ||
| Kathryn O'neil | corporate director | 2023-07 | ||
| Laura Peabody | corporate director | 2021-03 | ||
| Mass General Brigham Incorporated | operational/managerial control | 1994-03 | ||
| Michelle Williams | corporate director | 2018-05 | ||
| Nicholas Zeppos | corporate director | 2020-07 | ||
| Richard Holbrook | corporate director | 2020-11 | ||
| Susan Szulewski | corporate director | 2023-08 | ||
| Valerie Mosley | corporate director | 2022-05 | ||
| Vincent Mcdermott | corporate officer | 2025-03 |
Showing 25 of 26. Full list via /api/targets/224007.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in MA
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2019-02-15 | Wp Acquisition Sub Llc | Hvl Corporation | Haverhill Pavilion | 71 |