Concord Hospital - Franklin
Franklin, Merrimack County, NH
· CCN 301306
Licensed to Concord Hospital-Franklin
Composite
33.8
rank score
Distress
35
FY2023
Fit
45
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $34.5M |
| Operating margin | 25.4% |
| Total margin | 26.4% |
| Days cash on hand | 1 |
| Current ratio | 4.36 |
| Occupancy | 38% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $25.8M | $10.5M | 24.0% | 34.7% | 0 | 6.05 | 54% | 284 | 24 |
| 2021 | 25 | $10.8M | $3.0M | 26.3% | 27.5% | 0 | 0.69 | 57% | 119 | 38 |
| 2022 | 25 | $29.0M | $2.3M | 7.3% | 8.0% | 11 | 10.88 | 48% | 301 | 24 |
| 2023 | 25 | $34.5M | $9.3M | 25.4% | 26.4% | 1 | 4.36 | 38% | 321 | 35 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Capital Region Health Care Corporation | other | 2020-05 | ||
| Charles Fanaras | corporate director | 2021-04 | ||
| Concord Hospital Inc | other | 2020-05 | ||
| Donald Welford | corporate director | 2025-01 | ||
| Lucy Hodder | corporate director | 2024-01 | ||
| Manisha Patel | 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 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-05-01 | change of ownership | Concord Hospital-Franklin | 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-Franklin | Lrghealthcare | Concord Hospital - Franklin | 25 |