New London Hospital
New London, Merrimack County, NH
· CCN 301304
Licensed to The New London Hospital Association Inc
Composite
27.2
rank score
Distress
16
FY2024
Fit
50
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- occupancy 45-60%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $91.8M |
| Operating margin | -2.1% |
| Total margin | 8.3% |
| Days cash on hand | 161 |
| Current ratio | 2.01 |
| Occupancy | 52% |
Facility
| Beds | 25 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $61.8M | $-415K | -17.0% | -0.6% | 145 | 1.05 | 51% | 780 | 46 |
| 2022 | 25 | $79.8M | $7.3M | 0.3% | 8.5% | 140 | 1.34 | 58% | 561 | 17 |
| 2023 | 25 | $87.9M | $8.9M | 0.5% | 9.3% | 142 | 1.79 | 62% | 741 | 11 |
| 2024 | 25 | $91.8M | $8.5M | -2.1% | 8.3% | 161 | 2.01 | 52% | 704 | 16 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Carol Majewski | corporate director | 2015-07 | ||
| Catharine Biuso | corporate director | 2022-07 | ||
| Chris Martin | corporate director | 2022-07 | ||
| Craig Beck | corporate director | 2018-06 | ||
| Jane Rastallis | corporate director | 2011-10 | ||
| Jean Ten Haken | corporate director | 2022-07 | ||
| John Hollinger | corporate director | 2018-06 | ||
| John Kirk | corporate director | 2013-10 | ||
| Karen Bonewald | corporate director | 2020-06 | ||
| Lauren Wirth | corporate officer | 2024-04 | ||
| Lauren Wirth | corporate director | 2024-04 | ||
| Lauren Wirth | w-2 managing employee | 2024-04 | ||
| Lisa Cohen | corporate officer | 2017-08 | ||
| Lisa Cohen | corporate director | 2017-08 | ||
| Lisa Cohen | w-2 managing employee | 2017-08 | ||
| Mark Pitkin | corporate director | 2020-06 | ||
| Melanie Cook | operational/managerial control | 2017-12 | ||
| Michael Liberty | corporate director | 2023-06 | ||
| Michael Madan | corporate director | 2023-01 | ||
| Peter Nichols | corporate director | 2023-06 | ||
| Robert Friedlander | corporate director | 2023-06 | ||
| Samuel Shields | corporate director | 2022-07 | ||
| Steven Allenby | corporate director | 2018-06 | ||
| Wendy Fielding | corporate director | 2020-06 |
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 |