Androscoggin Valley Hospital
Berlin, Coos County, NH
· CCN 301310
Licensed to Androscoggin Valley Hospital Inc
Composite
31.2
rank score
Distress
25
FY2023
Fit
50
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
- current ratio under 1.5
- 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 · FY2023
| Net patient revenue | $90.4M |
| Operating margin | 7.3% |
| Total margin | 11.6% |
| Days cash on hand | 26 |
| Current ratio | 1.21 |
| Occupancy | 46% |
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 | $50.4M | $2.8M | -21.5% | 4.4% | 205 | 1.39 | 44% | 876 | 41 |
| 2021 | 25 | $64.4M | $11.6M | -2.6% | 14.9% | 173 | 2.02 | 46% | 998 | 18 |
| 2022 | 25 | $72.7M | $-2.0M | -2.3% | -2.8% | 59 | 2.89 | 48% | 898 | 42 |
| 2023 | 25 | $90.4M | $11.0M | 7.3% | 11.6% | 26 | 1.21 | 46% | 698 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| North Country Healthcare, Inc. | operational/managerial control | 100 | 2016-04 | |
| Daniel Van Buren | corporate director | 6 | 2014-10 | |
| Javier Cardenas | corporate director | 6 | 2013-07 | |
| Martha Laflamme | corporate director | 6 | 2013-07 | |
| Michael Peterson | corporate officer | 6 | 2016-04 | |
| Michael Peterson | corporate director | 6 | 2016-04 | |
| Michael Peterson | w-2 managing employee | 6 | 2016-04 | |
| Androscoggin Valley Hospital Inc | operational/managerial control | 2007-11 | ||
| Christy Langlois | corporate director | 2023-05 | ||
| David Backler | corporate director | 2022-08 | ||
| Jay Poulin | corporate director | 2009-10 | ||
| Jessica Foster-Hebert | corporate director | 2022-08 | ||
| Jessie Perkins | corporate director | 2024-03 | ||
| Matthew Streeter | corporate officer | 2021-12 | ||
| Matthew Streeter | w-2 managing employee | 2021-12 | ||
| Matthew Streeter | operational/managerial control | 2021-12 | ||
| Susan Lessard | corporate director | 2024-01 | ||
| Suzanne Landry | corporate officer | 2016-09 | ||
| Suzanne Landry | w-2 managing employee | 2016-09 | ||
| Thomas Mccue | corporate director | 2018-06 | ||
| Thomas Mee | corporate officer | 2019-03 | ||
| Tyler White | corporate director | 2021-05 |
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 |