Concord Hospital - Laconia
Laconia, Belknap County, NH
· CCN 300005
Licensed to Concord Hospital-Laconia
Composite
46.3
rank score
Distress
54
FY2023
Fit
55
vs thesis
Estimated ticket
$7.3M–$14.6M
86 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- occupancy 45-60%
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $127M |
| Operating margin | -13.6% |
| Total margin | -1.6% |
| Days cash on hand | 0 |
| Current ratio | 1.59 |
| Occupancy | 45% |
Facility
| Beds | 86 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 86 | $117M | $-29.2M | -48.7% | -20.1% | 26 | -0.06 | 44% | 2,903 | 97 |
| 2021 | 86 | $69.6M | $-27.0M | -44.9% | -36.5% | 13 | 0.18 | 37% | 1,456 | 97 |
| 2022 | 86 | $132M | $-11.8M | -12.6% | -8.6% | 39 | 3.16 | 44% | 2,690 | 67 |
| 2023 | 86 | $127M | $-2.3M | -13.6% | -1.6% | 0 | 1.59 | 45% | 2,774 | 54 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Capital Region Health Care Corporation | other | 2021-05 | ||
| Concord Hospital Inc | other | 2021-05 | ||
| Manisha Patel | corporate director | 2021-04 | ||
| Philip Emma | corporate director | 2021-04 | ||
| Robert Segal | corporate director | 2021-04 | ||
| Robert Steigmeyer | corporate officer | 2021-04 | ||
| Robert Steigmeyer | corporate director | 2021-04 | ||
| Robert Steigmeyer | w-2 managing employee | 2021-04 | ||
| Scott Sloane | corporate officer | 2021-04 | ||
| Sol Asmar | corporate director | 2021-04 | ||
| William Chapman | corporate officer | 2021-04 | ||
| William Chapman | corporate director | 2021-04 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-05-01 | change of ownership | Concord Hospital-Laconia | Lrghealthcare |
Who has been buying in NH
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 |
|---|---|---|---|---|
| 2021-05-01 | Concord Hospital-Laconia | Lrghealthcare | Concord Hospital - Laconia | 86 |
| 2020-03-01 | Fmh Health Services, Llc | Frisbie Memorial Hospital | Frisbie Memorial Hospital | 39 |