Memorial Hospital
dba Mainehealth Memorial Hospital ·
North Conway, Carroll County, NH
· CCN 301307
Licensed to Memorial Hospital
Composite
27.5
rank score
Distress
14
FY2023
Fit
53
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $104M |
| Operating margin | -1.4% |
| Total margin | 8.3% |
| Days cash on hand | 219 |
| Current ratio | 2.16 |
| Occupancy | 70% |
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 | $68.6M | $4.9M | -9.8% | 6.1% | 231 | 1.42 | 40% | 1,083 | 31 |
| 2021 | 25 | $83.0M | $11.1M | -1.8% | 11.6% | 249 | 1.53 | 49% | 1,173 | 18 |
| 2022 | 25 | $97.7M | $5.7M | 1.3% | 5.6% | 196 | 1.84 | 66% | 1,216 | 7 |
| 2023 | 25 | $104M | $9.6M | -1.4% | 8.3% | 219 | 2.16 | 70% | 1,282 | 14 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mainehealth Services | 5% or greater direct ownership interest | 100 | 2014-01 | |
| Andrew Mueller | corporate director | 2021-04 | ||
| Christine Thompson | corporate director | 2024-05 | ||
| Christopher Perley | corporate officer | 2021-12 | ||
| Christopher Perley | corporate director | 2020-12 | ||
| Corinne Ray | corporate officer | 2021-12 | ||
| Corinne Ray | corporate director | 2018-01 | ||
| Dawn Tutt | w-2 managing employee | 2021-06 | ||
| Diana Mclaughlin | corporate officer | 2020-03 | ||
| Diana Mclaughlin | w-2 managing employee | 2016-07 | ||
| Donna Jauregui | w-2 managing employee | 2025-08 | ||
| Linda Terry | corporate officer | 2021-12 | ||
| Linda Terry | corporate director | 2019-08 | ||
| Mary Vigeant | corporate director | 2017-07 | ||
| Rachael Brown | corporate director | 2024-05 | ||
| Stephen Boyle | corporate director | 2021-12 | ||
| Theresa Struble | w-2 managing employee | 2025-01 | ||
| Timothy Scott | corporate director | 2019-12 | ||
| Tricia Costigan | corporate officer | 2025-02 | ||
| Tricia Costigan | w-2 managing employee | 2025-02 |
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 |