Speare Memorial Hospital
Plymouth, Grafton County, NH
· CCN 301311
Licensed to Speare Memorial Hospital
Composite
37.8
rank score
Distress
44
FY2024
Fit
45
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin -10% to -5%
- 60-90 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 · FY2024
| Net patient revenue | $73.9M |
| Operating margin | -8.3% |
| Total margin | 2.1% |
| Days cash on hand | 72 |
| Current ratio | 2.28 |
| Occupancy | 39% |
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 | $64.9M | $14.0M | -3.0% | 17.3% | 240 | 1.75 | 48% | 1,004 | 18 |
| 2022 | 25 | $71.5M | $-1.2M | -3.1% | -1.6% | 184 | 1.86 | 56% | 1,180 | 26 |
| 2023 | 25 | $72.5M | $3.1M | -6.1% | 3.9% | 108 | 2.20 | 50% | 1,120 | 29 |
| 2024 | 25 | $73.9M | $1.7M | -8.3% | 2.1% | 72 | 2.28 | 39% | 812 | 44 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Craig Williams | corporate officer | 2026-06 | ||
| Craig Williams | corporate director | 2026-06 | ||
| Craig Williams | w-2 managing employee | 2026-06 | ||
| Dolores Hopper | corporate director | 2022-10 | ||
| Donna Driscoll | corporate director | 2024-11 | ||
| Elizabeth Kleiner | corporate director | 2016-10 | ||
| Eric Shamansky | corporate director | 2023-09 | ||
| John Moulton | corporate director | 2024-11 | ||
| Joseph Caristi | corporate officer | 2024-02 | ||
| Joseph Caristi | corporate director | 2024-02 | ||
| Joseph Caristi | w-2 managing employee | 2024-02 | ||
| Joseph Caristi | operational/managerial control | 2024-02 | ||
| Joseph Ebner | corporate director | 2008-01 | ||
| Julie Bernier | corporate director | 2018-10 | ||
| Ken Evans | corporate director | 2024-11 | ||
| Kevin Young | corporate director | 2014-09 | ||
| Margaret Turner | corporate director | 2014-09 | ||
| Patrick Miller | corporate director | 2014-09 | ||
| Steven Camerino | corporate director | 2019-10 | ||
| Susan Scrimshaw | corporate director | 2021-10 | ||
| Walter Johnson | corporate director | 2018-10 |
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 |