The Arbour Hospital
dba Arbour Hospital ·
Jamaica Plains, Suffolk County, MA
· CCN 224013
Licensed to Arbour Inc
Composite
53.6
rank score
Distress
42
FY2023
Fit
82
vs thesis
Estimated ticket
$38.0M–$152M
138 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- 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
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $53.9M |
| Operating margin | 19.0% |
| Total margin | 22.2% |
| Days cash on hand | 0 |
| Current ratio | -0.09 |
| Occupancy | 97% |
Facility
| Beds | 138 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $275K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 136 | $43.4M | $4.1M | 7.5% | 9.2% | 0 | 1.01 | 92% | 2,682 | 26 |
| 2021 | 136 | $45.7M | $6.5M | 9.6% | 13.5% | 0 | 0.79 | 90% | 2,697 | 36 |
| 2022 | 136 | $52.3M | $12.0M | 20.0% | 22.3% | 0 | 0.50 | 95% | 2,233 | 36 |
| 2023 | 138 | $53.9M | $12.5M | 19.0% | 22.2% | 0 | -0.09 | 97% | 2,014 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Ramagano | corporate officer | 100 | 2010-07 | |
| Cheryl Ramagano | operational/managerial control | 100 | 2010-07 | |
| George Brunner | corporate officer | 100 | 2010-07 | |
| Katharine Lyver | corporate officer | 100 | 2024-01 | |
| Matthew Klein | corporate officer | 100 | 2010-07 | |
| Matthew Peterson | corporate officer | 100 | 2019-09 | |
| Matthew Peterson | operational/managerial control | 100 | 2019-09 | |
| Steve Filton | corporate officer | 100 | 2010-07 | |
| Steve Filton | operational/managerial control | 100 | 2010-07 | |
| Thomas Day | corporate officer | 100 | 2021-07 | |
| Uhs Of Delaware Inc | 5% or greater indirect ownership interest | 100 | 2010-07 | chain |
| Uhs Of Delaware Inc | operational/managerial control | 100 | 2010-07 | chain |
| Uhsl Llc | 5% or greater direct ownership interest | 100 | 2007-12 | |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 100 | 2010-07 | |
| Alan Miller | 5% or greater indirect ownership interest | 87 | 2024-03 | |
| James Coleman | contracted managing employee | 50 | 2010-07 | |
| Matthew Peterson | corporate director | 33 | 2019-09 | |
| Steve Filton | corporate director | 33 | 2010-07 | |
| Thomas Day | corporate director | 33 | 2021-07 | |
| Diane Airosus | contracted managing employee | 2019-07 | ||
| Diane Airosus | corporate officer | 2019-07 | ||
| Kurt Gunther | contracted managing employee | 2025-03 | ||
| Kurt Gunther | corporate officer | 2025-03 |
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 |