Upper Connecticut Valley Hospital
Colebrook, Coos County, NH
· CCN 301300
Licensed to Upper Connecticut Valley Hospital Association
Composite
31.6
rank score
Distress
40
FY2023
Fit
34
vs thesis
Estimated ticket
$1.4M–$2.7M
16 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $34.8M |
| Operating margin | 12.8% |
| Total margin | 19.3% |
| Days cash on hand | 18 |
| Current ratio | 0.62 |
| Occupancy | 23% |
Facility
| Beds | 16 |
| Facility type | CAH |
| 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 | 16 | $19.5M | $3.0M | 2.0% | 13.6% | 253 | 1.43 | 23% | 211 | 12 |
| 2021 | 16 | $22.2M | $6.0M | 1.0% | 21.4% | 147 | 1.81 | 20% | 205 | 20 |
| 2022 | 16 | $26.1M | $-1.0M | -0.7% | -4.0% | 61 | 3.26 | 24% | 254 | 47 |
| 2023 | 16 | $34.8M | $7.2M | 12.8% | 19.3% | 18 | 0.62 | 23% | 227 | 40 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| North Country Healthcare, Inc. | operational/managerial control | 100 | 2016-04 | |
| Darrell Bodnar | corporate officer | 2025-09 | ||
| Darrell Bodnar | corporate director | 2025-09 | ||
| David Thatcher | corporate director | 2022-01 | ||
| Edward Connary | corporate director | 2022-08 | ||
| Gail Fisher | corporate director | 2022-01 | ||
| Gregory Cook | corporate officer | 2023-11 | ||
| Gregory Cook | corporate director | 2023-11 | ||
| Gregory Cook | w-2 managing employee | 2023-11 | ||
| Jeremy Arnold | corporate director | 2026-01 | ||
| Marcia Parkhurst | corporate director | 2023-05 | ||
| Matthew Streeter | corporate officer | 2021-12 | ||
| Matthew Streeter | w-2 managing employee | 2021-12 | ||
| Peter Weiner | corporate director | 2024-01 | ||
| Richard Lapoint | corporate director | 2024-01 | ||
| Sharon Ellingwood White | corporate director | 2020-01 | ||
| Suzanne Landry | corporate officer | 2016-09 | ||
| Suzanne Landry | w-2 managing employee | 2016-09 | ||
| Thomas Cochran | corporate director | 2023-10 | ||
| Thomas Mee | corporate officer | 2019-03 | ||
| Thomas Mee | corporate director | 2019-03 | ||
| Thomas Mee | w-2 managing employee | 2019-03 |
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 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-Franklin | Lrghealthcare | Concord Hospital - Franklin | 25 |