Aurora Westborough Bhs
Westborough, MA
· CCN 224044
Licensed to Westborough Behavioral Healthcare Hospital, Llc
Composite
67.8
rank score
Distress
84
FY2023
Fit
75
vs thesis
Estimated ticket
$20.0M–$80.1M
104 beds ·
within envelope
Ownership
for-profit
PH
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
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $28.5M |
| Operating margin | -26.1% |
| Total margin | -23.4% |
| Days cash on hand | 1 |
| Current ratio | 0.08 |
| Occupancy | 60% |
Facility
| Beds | 104 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 120 | $17.9M | $-6.2M | -35.9% | -34.5% | 9 | 0.11 | 37% | 1,159 | 97 |
| 2021 | 120 | $11.4M | $-13.8M | -128.6% | -113.4% | 0 | 0.03 | 23% | 825 | 100 |
| 2022 | 123 | $18.0M | $-7.4M | -46.6% | -39.1% | 0 | 0.05 | 31% | 747 | 97 |
| 2023 | 104 | $28.5M | $-6.8M | -26.1% | -23.4% | 1 | 0.08 | 60% | 1,174 | 84 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Michelle Lynn | corporate officer | 100 | 2021-04 | |
| Michelle Lynn | operational/managerial control | 100 | 2021-04 | |
| Signature Healthcare Services, Llc | 5% or greater direct ownership interest | 100 | 2016-02 | |
| Soon Kim | 5% or greater indirect ownership interest | 100 | 2016-02 | |
| Carmen Addario | corporate officer | 50 | 2022-03 | |
| Carmen Addario | w-2 managing employee | 50 | 2022-03 | |
| Carmen Addario | operational/managerial control | 50 | 2022-03 |
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 |